Allbirds (Allbirds) EBIT : $-115.4 Mil (TTM As of Mar. 2024)

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What is Allbirds EBIT?

Allbirds's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-29.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-115.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Allbirds's annualized ROC % for the quarter that ended in Mar. 2024 was -75.77%. Allbirds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -91.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Allbirds's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -153.43%.

Allbirds EBIT Historical Data

The historical data trend for Allbirds'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.

Allbirds EBIT Chart

Allbirds Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-10.76

-29.68

-44.38

-96.22

-118.85

Allbirds Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												-32.44	-28.58	-28.83	-29.00	-29.01

Competitive Comparison of Allbirds's EBIT

For the Apparel Retail subindustry, Allbirds'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.

Allbirds's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Allbirds's EV-to-EBIT distribution charts can be found below:

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

Allbirds 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 $-115.4 Mil.

Allbirds (NAS:BIRD) EBIT Explanation

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

Allbirds'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 )
=	-116.04 * ( 1 - -0.88% )	/	( (161.379	+	147.622)	/ 2 )
=	-117.061152	/	154.5005
=	-75.77 %

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	))
=	312.705	-	21.294	-	( 130.032	-	max(0, 48.607	-	212.406	+	130.032	))
=	161.379

	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	))
=	272.363	-	22.657	-	( 102.084	-	max(0, 46.71	-	185.224	+	102.084	))
=	147.622

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

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

Allbirds'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 )
=	-116.04	/	( ( (93.17 + max(38.909, 0))	+	(80.68 + max(41.108, 0)) )	/	2 )
=	-116.04	/	( ( 132.079	+	121.788 )	/	2 )
=	-116.04	/	126.9335
=	-91.42 %

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)
=	(8.188	+	57.763	+	6.347)	-	(21.294	+	4.551	+	7.544)
=	38.909

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.703	+	60.624	+	7.488)	-	(22.657	+	4.261	+	5.789)
=	41.108

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-115.424	/	75.229
	=	-153.43 %

Allbirds EBIT Related Terms

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Allbirds (Allbirds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Allbirds Inc (NAS:BIRD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Montgomery Street, San Francisco, CA, USA, 94111

Website

https://www.allbirds.com

Allbirds Inc is a lifestyle brand that innovates with naturally derived materials to make footwear and apparel products in a better way, while treading lighter on the planet. Its primary source of revenue is from sales of shoes and apparel products. The majority of the revenue is derived from United States.

Executives

Joseph Vernachio	officer: Chief Operating Officer	C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Ann Mitchell	officer: Chief Financial Officer	C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Dan Levitan	director, 10 percent owner	505 FIFTH AVE S, STE 600, SEATTLE WA 98104
Michael J Bufano	officer: Chief Financial Officer	C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Joseph Zwillinger	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O BIG SKY GROWTH PARTNERS, INC., 1201 WESTERN AVENUE, SUITE 406, SEATTLE WA 98101
Ann Freeman	director	C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Timothy O. Brown	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Sachs International Goldman	10 percent owner	PLUMTREE COURT, 25 SHOE LANE, LONDON X0 EC4A 4AU
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Maveron Equity Partners V, L.p.	10 percent owner	411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104
Maveron General Partner V, Llc	10 percent owner	411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104
Maveron V Entrepreneurs' Fund, L.p.	10 percent owner	411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104
Mep Associates V, L.p.	10 percent owner	411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104
Neil Harris Blumenthal	director	C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013