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ACV Auctions (ACV Auctions) EBIT : $-75.1 Mil (TTM As of Mar. 2024)


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What is ACV Auctions EBIT?

ACV Auctions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-19.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-75.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ACV Auctions's annualized ROC % for the quarter that ended in Mar. 2024 was -32.63%. ACV Auctions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,216.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ACV Auctions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2.57%.


ACV Auctions EBIT Historical Data

The historical data trend for ACV Auctions'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.

ACV Auctions EBIT Chart

ACV Auctions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-77.19 -39.90 -76.68 -101.13 -73.17

ACV Auctions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -17.54 -15.07 -17.80 -22.76 -19.50

Competitive Comparison of ACV Auctions's EBIT

For the Auto & Truck Dealerships subindustry, ACV Auctions'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.


ACV Auctions's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ACV Auctions's EV-to-EBIT distribution charts can be found below:

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



ACV Auctions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-75.1 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.


ACV Auctions  (NAS:ACVA) EBIT Explanation

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

ACV Auctions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-90.108 * ( 1 - -2.2% )/( (216.025 + 348.426)/ 2 )
=-92.090376/282.2255
=-32.63 %

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))
=922.924 - 333.941 - ( 410.632 - max(0, 333.941 - 706.899+410.632))
=216.025

Invested Capital(Q: Mar. 2024 )
=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))
=1044.652 - 430.058 - ( 341.476 - max(0, 430.058 - 696.226+341.476))
=348.426

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

ACV Auctions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-77.984/( ( (4.918 + max(-156.708, 0)) + (7.903 + max(-196.355, 0)) )/ 2 )
=-77.984/( ( 4.918 + 7.903 )/ 2 )
=-77.984/6.4105
=-1,216.50 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(164.009 + 0 + 13.224) - (333.941 + 0 + 0)
=-156.708

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(219.305 + 0 + 14.398) - (430.058 + 0 + 0)
=-196.355

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-75.128/2923.505
=-2.57 %

* 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.


ACV Auctions EBIT Related Terms

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ACV Auctions (ACV Auctions) Business Description

Traded in Other Exchanges
N/A
Address
640 Ellicott Street, Suite 321, Buffalo, NY, USA, 14203
ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.
Executives
William Zerella officer: Chief Financial Officer C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Michael Waterman officer: Chief Sales Officer C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Craig Eric Anderson officer: CCDSO and Chief Legal Officer C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
George Chamoun director, officer: Chief Executive Officer C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
Bessemer Venture Partners Ix L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Vikas Mehta officer: Chief Operating Officer C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Kirsten Castillo director 5 GREAT VALLEY PARKWAY, SUITE 160, MALVERN PA 19355
Brian Hirsch director C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Robert P Goodman director 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Leanne Fitzgerald officer: Chief Legal Officer 1 WAYSIDE ROAD, BURLINGTON MA 01803
Bessemer Venture Partners Ix Institutional L.p. 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Deer Ix & Co. L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Deer Ix & Co. Ltd. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
15 Angels Iii Llc 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538