Corsair Gaming (Corsair Gaming) EBIT : $3 Mil (TTM As of Mar. 2024)

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What is Corsair Gaming EBIT?

Corsair Gaming's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corsair Gaming's annualized ROC % for the quarter that ended in Mar. 2024 was -4.28%. Corsair Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -16.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corsair Gaming's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.23%.

Corsair Gaming EBIT Historical Data

The historical data trend for Corsair Gaming'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.

Corsair Gaming EBIT Chart

Corsair Gaming Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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22.15

153.07

127.33

-54.21

13.94

Corsair Gaming Quarterly Data
	Jun19	Sep19	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															2.02	-1.87	1.29	12.51	-9.12

Competitive Comparison of Corsair Gaming's EBIT

For the Computer Hardware subindustry, Corsair Gaming'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.

Corsair Gaming's EV-to-EBIT Distribution in the Hardware Industry

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

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

Corsair Gaming 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 $3 Mil.

Corsair Gaming (NAS:CRSR) EBIT Explanation

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

Corsair Gaming'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 )
=	-40.876 * ( 1 - 13.88% )	/	( (810.914	+	835.817)	/ 2 )
=	-35.2024112	/	823.3655
=	-4.28 %

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	))
=	1357.463	-	370.929	-	( 175.62	-	max(0, 418.487	-	711.589	+	175.62	))
=	810.914

	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	))
=	1257.191	-	293.606	-	( 127.768	-	max(0, 342.101	-	621.182	+	127.768	))
=	835.817

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

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

Corsair Gaming'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 )
=	-36.46	/	( ( (68.536 + max(139.393, 0))	+	(66.234 + max(172.677, 0)) )	/	2 )
=	-36.46	/	( ( 207.929	+	238.911 )	/	2 )
=	-36.46	/	223.42
=	-16.32 %

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)
=	(253.268	+	240.172	+	42.529)	-	(370.929	+	7.442	+	18.205)
=	139.393

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(204.92	+	251.747	+	36.747)	-	(293.606	+	4.49	+	22.641)
=	172.677

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2.811	/	1227.574
	=	0.23 %

Corsair Gaming EBIT Related Terms

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Corsair Gaming (Corsair Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corsair Gaming Inc (NAS:CRSR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CRSR:Mexico 6C2:Germany 6C2:Germany

Address

115 N. McCarthy Boulevard, Milpitas, CA, USA, 95035

Website

https://www.corsair.com

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Executives

Thi L La	officer: Chief Operating Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Michael G Potter	officer: Chief Financial Officer	5555 NE MOORE CT., HILLSBORO OR 97124
Majoros George L. Jr.	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Anup Bagaria	director, 10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Corsair Group (cayman), Lp	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Samuel R. Szteinbaum	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Sarah Mears Kim	director	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PKWY, FREMONT CA 94538
Bertrand Chevalier	officer: Chief Sales Officer	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Andrew J. Paul	director, officer: See Remarks	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Eagletree-carbide (gp), Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Gregg A Lakritz	officer: Controller	C/O CORSAIR GAMING, INC., 47100 BAYSIDE PARKWAY, FREMONT CA 94538
Stuart A Martin	director	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Diana L. Bell	director	CORSAIR COMPONENTS INC., 46221 LANDING PARKWAY, FREMONT CA 94538
Eagletree Partners Iv Ultimate Gp, Llc	10 percent owner	C/O EAGLETREE CAPITAL, LP, 1185 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036