GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DriveItAway Holdings Inc (OTCPK:DWAY) » Definitions » EBIT

DriveItAway Holdings (DriveItAway Holdings) EBIT : $-1.04 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is DriveItAway Holdings EBIT?

DriveItAway Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DriveItAway Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -20.05%. DriveItAway Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -681.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DriveItAway Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -11.20%.


DriveItAway Holdings EBIT Historical Data

The historical data trend for DriveItAway Holdings'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.

DriveItAway Holdings EBIT Chart

DriveItAway Holdings Annual Data
Trend Sep21 Sep22 Sep23
EBIT
-0.66 -0.73 -0.63

DriveItAway Holdings Quarterly Data
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 0.25 -0.08 -0.14 -0.53 -0.29

Competitive Comparison of DriveItAway Holdings's EBIT

For the Rental & Leasing Services subindustry, DriveItAway Holdings'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.


DriveItAway Holdings's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DriveItAway Holdings's EV-to-EBIT distribution charts can be found below:

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



DriveItAway Holdings 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 $-1.04 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.


DriveItAway Holdings  (OTCPK:DWAY) EBIT Explanation

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

DriveItAway Holdings'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 )
=-0.472 * ( 1 - 0% )/( (2.166 + 2.543)/ 2 )
=-0.472/2.3545
=-20.05 %

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:

DriveItAway Holdings'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 )
=-1.172/( ( (0.176 + max(-1.41, 0)) + (0.168 + max(-1.577, 0)) )/ 2 )
=-1.172/( ( 0.176 + 0.168 )/ 2 )
=-1.172/0.172
=-681.40 %

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)
=(0.008 + 0 + 0) - (0.826 + 0.006 + 0.586)
=-1.41

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.01 + 0 + 0.033) - (0.854 + 0.006 + 0.76)
=-1.577

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-1.036/9.248
=-11.20 %

* 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.


DriveItAway Holdings EBIT Related Terms

Thank you for viewing the detailed overview of DriveItAway Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


DriveItAway Holdings (DriveItAway Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104
DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.
Executives
Paul Patrizio director, 10 percent owner 90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921
John Francis Possumato director, 10 percent owner, officer: Chief Executive Officer 116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Adam Joseph Potash director, 10 percent owner, officer: Chief Operating Officer 259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Aep Holdings Llc 10 percent owner 1 WHITE BUCK RUN, WARREN NJ 07059
Minds' Eye Innovations, Inc. 10 percent owner 259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Driveltaway Llc 10 percent owner 116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Zell Richard Gery Ii director 8 GEARYS RIDGE RD, RINGOES NJ 08551
Christopher Rego director 212 BELLEROSE DR., SAN JOSE CA 95128
Franventures, Llc 10 percent owner 796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095
Blake Furlow director, 10 percent owner 2110 N WESTGATE, BOISE ID 83704
Bart Jay Mitchell director 7853 N HILLIARD CT, COEUR D' ALENE ID 83815
Gary L Herman director 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Karla Kretsch officer: Chief Operating Officer 701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Christian Miller officer: Chief Financial Officer 701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Joyann Kenny-charlton director 194 TWINING BRIDGE ROAD, NEWTOWN PA 18940

DriveItAway Holdings (DriveItAway Holdings) Headlines