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PARTS iD (PARTS iD) EBIT : $-20.3 Mil (TTM As of Sep. 2023)


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What is PARTS iD EBIT?

PARTS iD's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-4.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-20.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PARTS iD's annualized ROC % for the quarter that ended in Sep. 2023 was -68.30%. PARTS iD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -146.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PARTS iD's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -256.26%.


PARTS iD EBIT Historical Data

The historical data trend for PARTS iD'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.

PARTS iD EBIT Chart

PARTS iD Annual Data
Trend Dec19 Dec20 Dec21 Dec22
EBIT
-0.77 1.32 -9.14 -15.36

PARTS iD Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -2.98 -6.61 -6.06 -3.49 -4.16

Competitive Comparison of PARTS iD's EBIT

For the Auto Parts subindustry, PARTS iD'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.


PARTS iD's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PARTS iD's EV-to-EBIT distribution charts can be found below:

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



PARTS iD 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20.3 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.


PARTS iD  (OTCPK:IDICQ) EBIT Explanation

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

PARTS iD's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-15.736 * ( 1 - 0% )/( (22.508 + 23.572)/ 2 )
=-15.736/23.04
=-68.30 %

where

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

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

PARTS iD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.632/( ( (11.934 + max(-39.799, 0)) + (10.844 + max(-39.591, 0)) )/ 2 )
=-16.632/( ( 11.934 + 10.844 )/ 2 )
=-16.632/11.389
=-146.04 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.946 + 1.367 + 4.072) - (43.791 + 0.876 + 1.517)
=-39.799

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.737 + 1.23 + 4.134) - (42.312 + 0.816 + 2.564)
=-39.591

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-20.316/7.928
=-256.26 %

* 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.


PARTS iD EBIT Related Terms

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PARTS iD (PARTS iD) Business Description

Traded in Other Exchanges
N/A
Address
1 Corporate Drive, Suite C, Cranbury, NJ, USA, 08512
PARTS iD Inc is a technology-driven, digital commerce company focused on online retailer of automotive parts, components, and accessories. The product portfolio includes interior products, exterior products, wheels, body parts, audio & electronics, automotive tools, and other related products. The Company provides its product vendors with access to its customer base and e-commerce market.
Executives
Eugene Kovshilovsky officer: Chief Technology Officer C/O PARTS ID, INC., 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Sanjiv Gomes officer: Chief Information Officer 16941 KEEGAN AVENUE, CARSON CA 90746
James Doss officer: Chief Financial Officer 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Kailas Agrawal officer: Chief Financial Officer 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512
Mark Atwater officer: VP of Vendor Relations 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512
Antonino Ciappina officer: Chief Executive Officer 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512
Lev Peker director US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Aditya Jha director 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Pendleton Brian John Jr. officer: See remarks 1308 RACE STREET, SUITE 200, CINCINNATI OH 45202
Edwin Rigaud director 3639 VINEYARD PLACE, CINCINNATI OH 45226
Ajay Roy officer: Chief Operating Officer 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512
Rahul Petkar director 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512
Roman Gerashenko 10 percent owner 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Stanislav Royzenshteyn 10 percent owner 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Ann M. Schwister director 1 CORPORATE DR., SUITE C, CRANBURY NJ 08512