GURUFOCUS.COM » STOCK LIST » Technology » Software » Unity Software Inc (NYSE:U) » Definitions » EBIT

Unity Software (Unity Software) EBIT : $-773 Mil (TTM As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Unity Software EBIT?

Unity Software's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-238 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-773 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Unity Software's annualized ROC % for the quarter that ended in Dec. 2023 was -20.31%. Unity Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -676.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Unity Software's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.56%.


Unity Software EBIT Historical Data

The historical data trend for Unity Software'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.

Unity Software EBIT Chart

Unity Software Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -150.67 -274.81 -530.10 -875.02 -773.27

Unity Software Quarterly Data
Dec18 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 -266.66 -241.37 -182.39 -111.39 -238.12

Competitive Comparison of Unity Software's EBIT

For the Software - Application subindustry, Unity Software'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.


Unity Software's EV-to-EBIT Distribution in the Software Industry

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

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



Unity Software 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 $-773 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.


Unity Software  (NYSE:U) EBIT Explanation

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

Unity Software'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 )
=-1035.84 * ( 1 - -3.98% )/( (5407.806 + 5196.073)/ 2 )
=-1077.066432/5301.9395
=-20.31 %

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))
=7425.683 - 735.562 - ( 1507.164 - max(0, 950.35 - 2232.665+1507.164))
=5407.806

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))
=7243.441 - 616.58 - ( 1590.325 - max(0, 894.103 - 2324.891+1590.325))
=5196.073

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

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

Unity Software'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 )
=-952.48/( ( (140.807 + max(-224.849, 0)) + (140.887 + max(-159.537, 0)) )/ 2 )
=-952.48/( ( 140.807 + 140.887 )/ 2 )
=-952.48/140.847
=-676.25 %

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)
=(604.743 + 0 + 120.758) - (735.562 + 214.788 + 0)
=-224.849

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(611.723 + 0 + 122.843) - (616.58 + 186.769 + 90.754)
=-159.537

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-773.265/10233.439
=-7.56 %

* 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.


Unity Software EBIT Related Terms

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


Unity Software (Unity Software) Business Description

Traded in Other Exchanges
Address
30 3rd Street, San Francisco, CA, USA, 94103-3104
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
Executives
Tomer Bar-zeev director, officer: President, Grow C/O IRONSOURCE LTD., 121 MENACHEM BEGIN STREET, TEL AVIV L3 6701203
Anirma Gupta officer: SVP, General Counsel C/O UNITY SOFTWARE INC., 30 3RD STREET, SAN FRANCISCO CA 94103
Mark Barrysmith officer: Principal Accounting Officer C/O UNITY SOFTWARE INC., 30 3RD STREET, SAN FRANCISCO CA 94103
Michelle K. Lee director C/O ALARM.COM HOLDINGS, INC., 8281 GREENSBORO DRIVE, SUITE 100, TYSONS VA 22102
Marc Whitten officer: SVP & GM, Create Solutions C/O UNITY SOFTWARE INC., 30-3RD STREET, SAN FRANCISCO CA 94103
Luis Felipe Visoso director C/O UNITY SOFTWARE INC., 30 3RD STREET, SAN FRANCISCO CA 94103
Carol W. Carpenter officer: SVP & Chief Marketing Officer 1040 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10018
David Helgason director C/O UNITY SOFTWARE INC., 30 - 3RD STREET, SAN FRANCISCO CA 94103
James M Whitehurst director, officer: Interim CEO and President IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722
Silver Lake Group, L.l.c. director, 10 percent owner 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
John S. Riccitiello director, officer: President and CEO 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Robynne Sisco director 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Shlomo Dovrat director 16 ABBA EBAN AVENUE, HERZELIYA L3 46725
Clive Downie officer: SVP & Chief Marketing Officer 699 8TH STREET, SAN FRANCISCO CA 94103
Ingrid Lestiyo officer: SVP & GM, Operate Solutions C/O UNITY SOFTWARE INC., 30-3RD STREET, SAN FRANCISCO CA 94103

Unity Software (Unity Software) Headlines