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Clarus (Clarus) EBIT : $-18.9 Mil (TTM As of Dec. 2023)


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What is Clarus EBIT?

Clarus's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-25.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-18.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clarus's annualized ROC % for the quarter that ended in Dec. 2023 was -18.31%. Clarus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -42.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clarus's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.17%.


Clarus EBIT Historical Data

The historical data trend for Clarus'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.

Clarus EBIT Chart

Clarus 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 11.34 4.85 -2.79 -10.86 -18.86

Clarus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -30.24 4.78 -0.02 1.37 -24.99

Competitive Comparison of Clarus's EBIT

For the Leisure subindustry, Clarus'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.


Clarus's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Clarus's EV-to-EBIT distribution charts can be found below:

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



Clarus 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-18.9 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.


Clarus  (NAS:CLAR) EBIT Explanation

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

Clarus's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-105.48 * ( 1 - 21.04% )/( (452.714 + 457.238)/ 2 )
=-83.287008/454.976
=-18.31 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=495.338 - 26.776 - ( 11.324 - max(0, 170.934 - 299.745+11.324))
=457.238

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Clarus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-99.964/( ( (41.131 + max(172.096, 0)) + (16.587 + max(239.564, 0)) )/ 2 )
=-99.964/( ( 213.227 + 256.151 )/ 2 )
=-99.964/234.689
=-42.59 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.601 + 140.46 + 7.155) - (36.488 + 0 + 11.632)
=172.096

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.971 + 91.409 + 142.149) - (26.776 + 0 + 21.189)
=239.564

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-18.856/364.799
=-5.17 %

* 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.


Clarus EBIT Related Terms

Thank you for viewing the detailed overview of Clarus's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Clarus (Clarus) Business Description

Traded in Other Exchanges
N/A
Address
2084 East 3900 South, Salt Lake City, UT, USA, 84124
Clarus Corp is a designer, developer, manufacturer, and distributor of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport, and skincare markets. The company operates through the Outdoor segment which includes Black Diamond Equipment, PIEPS, and SKINourishment. Precision Sports segment, formerly known as Sierra segment, which includes Sierra and Barnes, includes two iconic American manufacturers of a wide range of high-performance bullets and ammunition for both rifles and pistols. The adventure segment includes Rhino-Rack and MAXTRAX. It derives the majority of its revenue from the Outdoor segment.
Executives
Nicolas Sokolow director 100 BLVD MALESHERBES, PARIS I0 00000
Aaron Kuehne officer: CAO and CFO C/O BLACK DIAMOND INC, 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124
Donald House director 4944 MONUMENT ROAD, JASPER GA 30143
Michael A Henning director 4 WINCOMA DRIVE, HUNTINGTON NY 11743
Warren B Kanders director, 10 percent owner, officer: Exec. Chman. of the Bd. of Dir ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD, CT 06901
James E Walker director 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Michael J Yates officer: Chief Financial Officer 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Susan Ottmann director 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124
John Walbrecht officer: PRESIDENT 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124
Mark D. Ritchie officer: Chief Operating Officer 10141 EASTDELL DRIVE, SANDY UT 84092
Zeena Freeman director, officer: President C/O BLACK DIAMOND, INC., 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124
Kanders Gmp Holdings Llc 10 percent owner ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD CT 06901
Peter R. Metcalf director, officer: CEO and President 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124
Robert Schiller director, officer: Executive Vice Chairman C/O ARMOR HOLDINGS INC, 1400 MARSH LANDING PARKWAY SUITE 112, JACKSONVILLE FL 32250
Robert N. Peay officer: Chief Financial Officer 2084 EAST 3900 SOUTH, SALT LAKE CITY UT 84124