Clearwater Analytics Holdings (Clearwater Analytics Holdings) EBIT : $-16.7 Mil (TTM As of Dec. 2023)

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What is Clearwater Analytics Holdings EBIT?

Clearwater Analytics Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-16.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clearwater Analytics Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 5.44%. Clearwater Analytics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clearwater Analytics Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.51%.

Clearwater Analytics Holdings EBIT Historical Data

The historical data trend for Clearwater Analytics Holdings'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.

Clearwater Analytics Holdings EBIT Chart

Clearwater Analytics Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

25.61

-20.42

28.46

5.12

-16.75

Clearwater Analytics Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											3.88	-6.32	-7.13	-5.89	2.59

Competitive Comparison of Clearwater Analytics Holdings's EBIT

For the Software - Application subindustry, Clearwater Analytics Holdings'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.

Clearwater Analytics Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Clearwater Analytics Holdings's EV-to-EBIT distribution charts can be found below:

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

Clearwater Analytics Holdings 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 $-16.7 Mil.

Clearwater Analytics Holdings (NYSE:CWAN) EBIT Explanation

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

Clearwater Analytics Holdings'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 )
=	10.36 * ( 1 - -13.16% )	/	( (216.675	+	214.097)	/ 2 )
=	11.723376	/	215.386
=	5.44 %

where

	Invested Capital		(Q: Sep. 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	))
=	535.507	-	33.599	-	( 285.233	-	max(0, 63.139	-	401.23	+	285.233	))
=	216.675

	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	))
=	558.743	-	48.424	-	( 296.222	-	max(0, 80.792	-	415.996	+	296.222	))
=	214.097

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

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

Clearwater Analytics Holdings'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 )
=	10.36	/	( ( (37.744 + max(5.567, 0))	+	(37.903 + max(-6.849, 0)) )	/	2 )
=	10.36	/	( ( 43.311	+	37.903 )	/	2 )
=	10.36	/	40.607
=	25.51 %

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)
=	(41.654	+	0	+	17.9)	-	(33.599	+	3.473	+	16.915)
=	5.567

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45.805	+	0	+	18.837)	-	(48.424	+	2.766	+	20.301)
=	-6.849

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:

Clearwater Analytics Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-16.745	/	3303.288
	=	-0.51 %

Clearwater Analytics Holdings EBIT Related Terms

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Clearwater Analytics Holdings (Clearwater Analytics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clearwater Analytics Holdings Inc (NYSE:CWAN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 W. Main Street, Suite 900, Boise, ID, USA, 83702

Website

https://www.clearwateranalytics.com

Clearwater Analytics Holdings Inc provides a SaaS solution for automated investment data aggregation, reconciliation, accounting and reporting services to insurers, investment managers, corporations, institutional investors and government entities. The majority of the revenue is earned in the United States.

Executives

Sandeep Sahai	director, officer: Chief Executive Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
James S Cox	officer: Chief Financial Officer	600 TOWNSEND, SAN FRANCISCO CA 94103
Souvik Das	officer: Chief Technology Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Wcas Xii Carbon Analytics Acquisition, L.p.	10 percent owner	C/O WELSH, CARSON, ANDERSON & STOWE, 599 LEXINGTON AVENUE, 18TH FLOOR, NEW YORK NY 10022
Warburg Pincus Llc	director, 10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Galibier Purchaser, Llc	director, 10 percent owner	C/O PERMIRA ADVISERS LLC, 320 PARK AVENUE, 28TH FLOOR, NEW YORK NY 10022
Subi Sethi	officer: Chief Client Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Scott Stanley Erickson	officer: See Remarks	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Durable Capital Partners Lp	10 percent owner	4747 BETHESDA AVENUE, SUITE #1002, BETHESDA MD 20814
James Douglas Price	officer: Chief Quality Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Gayatri Raman	officer: President, Europe and Asia	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Joseph Morris Kochansky	officer: See Remarks	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
D Scott Mackesy	director	320 PARK AVENUE STE 2500, NEW YORK NY 10022
Cynthia Ann Blendu	officer: See Remarks	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702
Alphonse Valbrune	officer: Chief Legal Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE ID 83702