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Iconic Brands (Iconic Brands) EBIT : $-29.41 Mil (TTM As of Mar. 2023)


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What is Iconic Brands EBIT?

Iconic Brands's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-2.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-29.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Iconic Brands's annualized ROC % for the quarter that ended in Mar. 2023 was -45.68%. Iconic Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -75.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Iconic Brands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -269.34%.


Iconic Brands EBIT Historical Data

The historical data trend for Iconic Brands'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.

Iconic Brands EBIT Chart

Iconic Brands Annual Data
Trend Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.71 -3.33 -3.68 -10.23 -30.01

Iconic Brands Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only -2.97 -3.85 -1.73 -21.47 -2.36

Competitive Comparison of Iconic Brands's EBIT

For the Beverages - Wineries & Distilleries subindustry, Iconic Brands'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.


Iconic Brands's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Iconic Brands's EV-to-EBIT distribution charts can be found below:

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



Iconic Brands 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.41 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.


Iconic Brands  (OTCPK:ICNB) EBIT Explanation

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

Iconic Brands's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-9.612 * ( 1 - 0% )/( (20.778 + 21.305)/ 2 )
=-9.612/21.0415
=-45.68 %

where

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

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

Iconic Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.448/( ( (12.549 + max(-3.833, 0)) + (12.543 + max(-5.012, 0)) )/ 2 )
=-9.448/( ( 12.549 + 12.543 )/ 2 )
=-9.448/12.546
=-75.31 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.302 + 1.555 + 0.55) - (6.236 + 0.189 + 0.815)
=-3.833

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.058 + 1.435 + 0.546) - (6.994 + 0.336 + 0.721)
=-5.012

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-29.407/10.918
=-269.34 %

* 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.


Iconic Brands EBIT Related Terms

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Iconic Brands (Iconic Brands) Business Description

Traded in Other Exchanges
N/A
Address
44 Seabro Avenue, Amityville, NY, USA, 11701
Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.
Executives
David R Allen officer: Chief Financial Officer C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Larry Romer officer: Chief Executive Officer 44 SEABRO AVENUE, AMITYVILLE NY 11701
Roseann Faltings director, officer: Vice President and Director 44 SEABRO AVENUE, AMITYVILLE NY 11701
Innoaccel Investments Llc 10 percent owner 247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
John Cosenza officer: Chief Operating Officer 44 SEABRO AVENUE, AMITYVILLE NY 11701
Thomas A. Belton 10 percent owner 247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
Richard J Decicco director, 10 percent owner, officer: CEO, Director 44 SEABRO AVENUE, AMITYVILLE NY 11701
William S. Blacker officer: Chief Financial Officer, other: V.P of Finance & Adminstration C/O HARBREW IMPORTS LTD. CORP., 102 BUFFALO AVENUE, FREEPORT NY 11520
Edd Cockerill director, officer: President, CEO & CFO 1921 DENVER WEST COURT, #2022, GOLDEN CO 80401