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Vuzix (VUZI) EBIT : $-49.52 Mil (TTM As of Mar. 2024)


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What is Vuzix EBIT?

Vuzix's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-10.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-49.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vuzix's annualized ROC % for the quarter that ended in Mar. 2024 was -71.23%. Vuzix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -201.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vuzix's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -67.79%.


Vuzix EBIT Historical Data

The historical data trend for Vuzix's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vuzix EBIT Chart

Vuzix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.68 -19.16 -40.02 -42.31 -50.35

Vuzix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.92 -9.64 -11.43 -18.36 -10.08

Competitive Comparison of Vuzix's EBIT

For the Consumer Electronics subindustry, Vuzix's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vuzix's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vuzix's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vuzix's EV-to-EBIT falls into.



Vuzix EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-49.52 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vuzix  (NAS:VUZI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vuzix's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-40.324 * ( 1 - 0% )/( (55.558 + 57.671)/ 2 )
=-40.324/56.6145
=-71.23 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Vuzix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-40.324/( ( (8.374 + max(9.726, 0)) + (8.797 + max(13.206, 0)) )/ 2 )
=-40.324/( ( 18.1 + 22.003 )/ 2 )
=-40.324/20.0515
=-201.10 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.036 + 9 + 1.742) - (4.034 + 0.019 + 0.999)
=9.726

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.842 + 9.868 + 1.464) - (2.81 + 0.158 + 4.4408920985006E-16)
=13.206

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Vuzix's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-49.517/73.048
=-67.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vuzix EBIT Related Terms

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Vuzix (VUZI) Business Description

Traded in Other Exchanges
Address
25 Hendrix Road, Suite A, West Henrietta, NY, USA, 14586
Vuzix Corp is engaged in design, manufacture, marketing and sale of augmented reality wearable display and computing devices, also referred to as head mounted displays in the form of Smart Glasses and Augmented Reality glasses. Geographically, the company generates majority of the revenue from United States and also has its presence in Europe, Asia-Pacific and Others.
Executives
Paul J Travers director, officer: President and CEO 75 TOWN CENTRE DR, ROCHESTER NY 14623
Kay Edward William Jr. director 55 MITCHELL ROAD, PITTSFORD NY 14534
Peter Hamilton Jameson officer: Chief Operating Officer 5 CHIPMUNK TRL, PITTSFORD NY 14534
Raj Rajgopal director C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581
Grant Russell director, officer: CFO and Executive VP VUZIX CORPORATION, 75 TOWN CENTRE DR, ROCHESTER NY 14623
Timothy Heydenreich Harned director 71 MAUGUS AVENUE, WELLESLEY MA 02481
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Azita Arvani director 1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Intel Corp 10 percent owner 2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Alexander Ruckdaeschel director 123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028
Paul A Boris director, officer: Chief Operating Officer 2561 VERONICA DRIVE, CHESTER SPRINGS PA 19425
William Lee director 75 TOWN CENTRE DR, C/O VUZIX CORPORATION, ROCHESTER NY 14623
Michael Dennis Scott director 1211 21ST STREET, HERMOSA BEACH CA 90254
Michael Edwards Mccrackan officer: Vice President of Operations 38 TURNING LEAF DRIVE, PITTSFORD NY 14534
Cecin Jose A Jr director C/O MOBILE SATELLITE VENTURES LP, 10802 PARKRIDGE BLVD, RESTON VA 20191