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Sonos (SONO) EBIT : $-14 Mil (TTM As of Dec. 2023)


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What is Sonos EBIT?

Sonos's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonos's annualized ROC % for the quarter that ended in Dec. 2023 was 58.20%. Sonos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 205.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sonos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.80%.


Sonos EBIT Historical Data

The historical data trend for Sonos'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.

Sonos EBIT Chart

Sonos Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only 1.42 -18.60 157.52 69.28 5.13

Sonos 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 111.85 -56.88 -17.45 -32.40 93.04

Competitive Comparison of Sonos's EBIT

For the Consumer Electronics subindustry, Sonos'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.


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

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

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



Sonos 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 $-14 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.


Sonos  (NAS:SONO) EBIT Explanation

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

Sonos'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 )
=319.76 * ( 1 - 12.9% )/( (504.312 + 452.748)/ 2 )
=278.51096/478.53
=58.20 %

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))
=1002.241 - 277.698 - ( 220.231 - max(0, 354.218 - 659.631+220.231))
=504.312

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))
=1109.99 - 274.357 - ( 467.342 - max(0, 376.001 - 758.886+467.342))
=452.748

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

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

Sonos'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 )
=372.176/( ( (135.993 + max(86.335, 0)) + (140.673 + max(-82.72, 0)) )/ 2 )
=372.176/( ( 222.328 + 140.673 )/ 2 )
=372.176/181.5005
=205.06 %

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)
=(67.583 + 346.521 + 25.296) - (277.698 + 20.188 + 55.179)
=86.335

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.811 + 173.043 + 37.69) - (274.357 + 20.943 + 78.964)
=-82.72

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-13.677/1716.448
=-0.80 %

* 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.


Sonos EBIT Related Terms

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Sonos (SONO) Business Description

Traded in Other Exchanges
Address
614 Chapala Street, Santa Barbara, CA, USA, 93101
Sonos Inc is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.
Executives
Joanna Coles director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Maxime Bouvat-merlin officer: Chief Product Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Edward P Lazarus officer: CFO & CLO C/O TRIBUNE COMPANY, 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Shamayne Braman officer: Chief People Officer C/O SONOS, INC., 614 CHAPALA ST., SANTA BARBARA CA 93101
Nicholas Millington officer: Chief Innovation Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Patrick Spence director, officer: Chief Executive Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Thomas Conrad director 2101 WEBSTER STREET, SUITE 1650, OAKLAND CA 94612
Christopher Scott Mason officer: Principal Accounting Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Matthew O. Siegel officer: Chief Commercial Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Brittany Bagley director C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Anna Fraser officer: Chief People Officer C/O SONOS INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Michelangelo Volpi director C/O HORTONWORKS, INC., 3640 W. BAYSHORE RD., PALO ALTO CA 94303
Julius Genachowski director C/O INTERACTIVECORP, 152 WEST 57TH STREET, NEW YORK NY 10019
Panos Panay director 614 CHAPALA STREET, SANTA BARBARA CA 93101
John Maeda director C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101