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Edible Garden AG (Edible Garden AG) EBIT : $-11.01 Mil (TTM As of Mar. 2024)


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What is Edible Garden AG EBIT?

Edible Garden AG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-3.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-11.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Edible Garden AG's annualized ROC % for the quarter that ended in Mar. 2024 was -203.40%. Edible Garden AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -409.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Edible Garden AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -180.26%.


Edible Garden AG EBIT Historical Data

The historical data trend for Edible Garden AG'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.

Edible Garden AG EBIT Chart

Edible Garden AG Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
- -4.92 -10.42 -9.80

Edible Garden AG Quarterly Data
Mar20 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 -2.65 -0.59 -2.37 -4.18 -3.86

Competitive Comparison of Edible Garden AG's EBIT

For the Farm Products subindustry, Edible Garden AG'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.


Edible Garden AG's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Edible Garden AG's EV-to-EBIT distribution charts can be found below:

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



Edible Garden AG 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 $-11.01 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.


Edible Garden AG  (NAS:EDBL) EBIT Explanation

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

Edible Garden AG'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 )
=-15.444 * ( 1 - 0% )/( (5.375 + 9.811)/ 2 )
=-15.444/7.593
=-203.40 %

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:

Edible Garden AG'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 )
=-15.44/( ( (3.893 + max(-0.346, 0)) + (3.646 + max(-2.907, 0)) )/ 2 )
=-15.44/( ( 3.893 + 3.646 )/ 2 )
=-15.44/3.7695
=-409.60 %

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)
=(1.249 + 0.678 + 0.21) - (1.538 + 0 + 0.945)
=-0.346

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.139 + 0.814 + 0.276) - (3.502 + 0 + 1.634)
=-2.907

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:

Edible Garden AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-11.012/6.109
=-180.26 %

* 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.


Edible Garden AG EBIT Related Terms

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Edible Garden AG (Edible Garden AG) Business Description

Traded in Other Exchanges
N/A
Address
283 County Road 519, Belvidere, NJ, USA, 07823
Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
Executives
Pamela Donaroma director C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
James E. Kras director, 10 percent owner, officer: President and CEO C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Deborah Pawlowski director C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Michael C James director, 10 percent owner, officer: Chief Financial Officer 2040 MAIN STREET, SUITE 225, IRVINE CA 92614
Tracy A. Nazzaro director C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Ryan L. Rogers director C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Mathew J. Mcconnell director C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823

Edible Garden AG (Edible Garden AG) Headlines

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