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Coupang (Coupang) EBIT : $586 Mil (TTM As of Mar. 2024)


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What is Coupang EBIT?

Coupang's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $586 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coupang's annualized ROC % for the quarter that ended in Mar. 2024 was -0.87%. Coupang's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coupang's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.52%.


Coupang EBIT Historical Data

The historical data trend for Coupang'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.

Coupang EBIT Chart

Coupang Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -600.22 -355.10 -1,497.00 -66.00 632.00

Coupang Quarterly Data
Dec18 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 Premium Member Only 132.00 184.03 129.95 185.93 86.00

Competitive Comparison of Coupang's EBIT

For the Internet Retail subindustry, Coupang'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.


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

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

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



Coupang 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 $586 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.


Coupang  (NYSE:CPNG) EBIT Explanation

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

Coupang'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 )
=160 * ( 1 - 140.68% )/( (6948 + 8057)/ 2 )
=-65.088/7502.5
=-0.87 %

where

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

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

Coupang'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 )
=344/( ( (4066 + max(-3425, 0)) + (4421 + max(-3205, 0)) )/ 2 )
=344/( ( 4066 + 4421 )/ 2 )
=344/4243.5
=8.11 %

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)
=(314 + 1666 + 669) - (5451 + 97 + 526)
=-3425

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(601 + 1938 + 804) - (5758 + 135 + 655)
=-3205

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=585.903/38620.726
=1.52 %

* 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.


Coupang EBIT Related Terms

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Coupang (Coupang) Business Description

Traded in Other Exchanges
Address
720 Olive Way, Suite 600, Seattle, WA, USA, 05510
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce primarily includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Executives
Tae Jung Kim officer: See Remarks 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Svf Investments (uk) Ltd 10 percent owner 69 GROSVENOR STREET, LONDON X0 W1K3JP
Benjamin Sun director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Greenoaks Capital Partners Llc director, 10 percent owner, other: See Remarks 4 ORINDA WAY BUILDING C, SUITE 200, ORINDA CA 94563
Pedro Franceschi director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO,SONGPA-GU, SEOUL M5 05510
Hanseung Kang officer: Rep Director, Business Mngmt C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Ambereen Toubassy director 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Harold Rogers officer: See Remarks C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jonathan D. Lee officer: Chief Accounting Officer ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Thuan Pham officer: Chief Technology Officer 1455 MARKET STREET 4TH FLOOR, SAN FRANCISCO CA 94103
Neil Mehta director 535 PACIFIC AVENUE, 4TH FLOOR, SAN FRANCISCO CA 94133
Kevin M Warsh director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Michael Parker officer: Chief Accounting Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jason Child director C/O SPLUNK INC., 270 BRANNAN ST., SAN FRANCISCO CA 94107
Gaurav Anand officer: Chief Financial Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510

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