Velo3D (Velo3D) EBIT : $-125.42 Mil (TTM As of Dec. 2023)

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What is Velo3D EBIT?

Velo3D's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-50.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-125.42 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Velo3D's annualized ROC % for the quarter that ended in Dec. 2023 was -194.84%. Velo3D's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -235.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Velo3D's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -150.27%.

Velo3D EBIT Historical Data

The historical data trend for Velo3D'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.

Velo3D EBIT Chart

Velo3D Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-21.17

-104.35

8.34

-125.42

Velo3D Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial									20.57	-35.98	-22.86	-16.29	-50.29

Competitive Comparison of Velo3D's EBIT

For the Computer Hardware subindustry, Velo3D'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.

Velo3D's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Velo3D's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Velo3D's EV-to-EBIT falls into.

Velo3D 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 $-125.42 Mil.

Velo3D (NYSE:VLD) EBIT Explanation

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

Velo3D'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 )
=	-232.816 * ( 1 - 0% )	/	( (136.371	+	102.605)	/ 2 )
=	-232.816	/	119.488
=	-194.84 %

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	))
=	230.003	-	22.033	-	( 71.599	-	max(0, 98.946	-	183.771	+	71.599	))
=	136.371

	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	))
=	153.799	-	20.079	-	( 31.115	-	max(0, 48.671	-	118.141	+	31.115	))
=	102.605

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

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

Velo3D'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 )
=	-201.172	/	( ( (36.05 + max(51.853, 0))	+	(33.665 + max(49.185, 0)) )	/	2 )
=	-201.172	/	( ( 87.903	+	82.85 )	/	2 )
=	-201.172	/	85.3765
=	-235.63 %

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)
=	(12.597	+	81.159	+	2.515)	-	(22.033	+	4.847	+	17.538)
=	51.853

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.583	+	60.816	+	4)	-	(20.079	+	5.135	+	0)
=	49.185

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:

Velo3D's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-125.417	/	83.461
	=	-150.27 %

Velo3D EBIT Related Terms

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Velo3D (Velo3D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Velo3D Inc (NYSE:VLD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Division Street, Campbell, CA, USA, 95008

Website

https://www.velo3d.com

Velo3D Inc provides an additive manufacturing ("AM"), also referred to as three-dimensional printing ("3D printing"), to deliver breakthroughs in performance, cost, and lead time in the production of high-value metal parts. The Velo3D intelligent metal additive manufacturing solution is comprised of the Velo3D Flow intelligent print preparation software, the Sapphire production system, and Velo3D Assure, real-time quality assurance software. Its complete manufacturing solution enables clients to build the parts they need, speed their development, and reduce their product costs.

Executives

Benyamin Buller	director, officer: Chief Executive Officer	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Bernard Chung	other: Vice President, Finance	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Renette Youssef	officer: Chief Marketing Officer	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
William D. Mccombe	director, officer: Chief Financial Officer	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Adrian Keppler	director	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Matthew Joseph Walters	director, officer: Chief Executive Officer	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Michael Idelchik	director	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Carl Bass	director	C/O AUTODESK INC, 111 MELNNIS PARKWAY, SAN RAFAEL CA 94903
Sven Strohband	director	C/O BERKSHIRE GREY, INC., 140 SOUTH ROAD, BEDFORD MA 01730
Playground Ventures, L.p.	10 percent owner	380 PORTAGE AVENUE, PALO ALTO CA 94306
Stefan Krause	director	PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Ricardo Angel	director	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Jory Bell	director	C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Piv Fund I, L.p.	10 percent owner	C/O PIVA CAPITAL, INC., 4 EMBARCADERO CENTER, SUITE 3950, SAN FRANCISCO CA 94111