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Cano Health (Cano Health) EBIT : $-986 Mil (TTM As of Dec. 2023)


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What is Cano Health EBIT?

Cano Health's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-241 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-986 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cano Health's annualized ROC % for the quarter that ended in Dec. 2023 was -37.96%. Cano Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -511.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cano Health's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -80.68%.


Cano Health EBIT Historical Data

The historical data trend for Cano Health'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.

Cano Health EBIT Chart

Cano Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-9.62 -36.41 -65.43 -363.74 -985.97

Cano Health Quarterly Data
Dec19 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 -280.59 -37.08 -245.90 -462.20 -240.79

Competitive Comparison of Cano Health's EBIT

For the Medical Care Facilities subindustry, Cano Health'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.


Cano Health's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cano Health's EV-to-EBIT distribution charts can be found below:

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



Cano Health 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 $-986 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.


Cano Health  (OTCPK:CANOQ) EBIT Explanation

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

Cano Health'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 )
=-633.448 * ( 1 - -0.07% )/( (1249.804 + 2089.774)/ 2 )
=-633.8914136/1669.789
=-37.96 %

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))
=1211.931 - 183.337 - ( 41.331 - max(0, 365.934 - 144.724+41.331))
=1249.804

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))
=1013.739 - 156.568 - ( 93.923 - max(0, 1415.426 - 182.823+93.923))
=2089.774

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

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

Cano Health'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 )
=-963.176/( ( (243.824 + max(-120.214, 0)) + (133.099 + max(-143.262, 0)) )/ 2 )
=-963.176/( ( 243.824 + 133.099 )/ 2 )
=-963.176/188.4615
=-511.07 %

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)
=(87.499 + 0 + 15.894) - (183.337 + 0 + 40.27)
=-120.214

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75.801 + 0 + 13.099) - (156.568 + 0 + 75.594)
=-143.262

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-985.968/1222.141
=-80.68 %

* 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.


Cano Health EBIT Related Terms

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Cano Health (Cano Health) Business Description

Traded in Other Exchanges
N/A
Address
9725 NW 117th Avenue, Suite 200, Miami, FL, USA, 33178
Cano Health Inc operates value-based primary care centers and supports affiliated medical practices that specialize in primary care for seniors in Florida, Texas, Nevada, and Puerto Rico.
Executives
Elliot Cooperstone director, 10 percent owner C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Eladio Gil officer: Interim CFO 9725 NW 17TH AVENUE, SUITE 200, MIAMI FL 33178
Robert Camerlinck officer: Chief Operating Officer 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Richard Aguilar officer: Chief Clinical Officer 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Mark D. Kent officer: Interim CEO 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
David J Armstrong officer: See Remarks 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Brian D Koppy officer: Chief Financial Officer 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Lewis Gold director 1235 SPANISH RIVER ROAD, BOCA RATON FL 33432
Marlow Hernandez director, officer: See Remarks 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Solomon D Trujillo director 1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Alan Muney director 48 MONROE TURNPIKE, TRUMBULL CT 06611
Kim M Rivera director 601 HAWAII ST, EL SEGUNDO CA 90245
Itc Rumba, Llc 10 percent owner 444 MADISON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Jacqueline Guichelaar director C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Angel L Morales director C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178