Innovative Food Holdings (Innovative Food Holdings) EBIT : $1.04 Mil (TTM As of Mar. 2024)

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What is Innovative Food Holdings EBIT?

Innovative Food Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1.65 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. Innovative Food Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -6.89%. Innovative Food Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 78.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Innovative Food Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.61%.

Innovative Food Holdings EBIT Historical Data

The historical data trend for Innovative Food 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.

Innovative Food Holdings EBIT Chart

Innovative Food Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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0.18

-7.36

-0.36

-0.53

-3.27

Innovative Food Holdings 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															-2.61	0.24	0.40	-1.25	1.65

Competitive Comparison of Innovative Food Holdings's EBIT

For the Food Distribution subindustry, Innovative Food 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.

Innovative Food Holdings's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Innovative Food Holdings's EV-to-EBIT distribution charts can be found below:

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

Innovative Food 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.

Innovative Food Holdings (OTCPK:IVFH) EBIT Explanation

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

Innovative Food 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 )
=	-0.716 * ( 1 - 0% )	/	( (9.51	+	11.265)	/ 2 )
=	-0.716	/	10.3875
=	-6.89 %

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	))
=	21.323	-	6.813	-	( 5.327	-	max(0, 8.641	-	13.641	+	5.327	))
=	9.51

	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	))
=	19.161	-	3.624	-	( 4.272	-	max(0, 5.482	-	17.534	+	4.272	))
=	11.265

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

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

Innovative Food 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 )
=	6.604	/	( ( (7.465 + max(-0.072999999999999, 0))	+	(1.41 + max(8.034, 0)) )	/	2 )
=	6.604	/	( ( 7.465	+	9.444 )	/	2 )
=	6.604	/	8.4545
=	78.11 %

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)
=	(4.308	+	2.973	+	1.033)	-	(6.813	+	1.313	+	0.261)
=	-0.072999999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.109	+	2.841	+	6.312)	-	(3.624	+	1.228	+	0.376)
=	8.034

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1.04	/	64.768
	=	1.61 %

Innovative Food Holdings EBIT Related Terms

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Innovative Food Holdings (Innovative Food Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Innovative Food Holdings Inc (OTCPK:IVFH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

28411 Race Track Road, Bonita Springs, FL, USA, 34135

Website

https://www.ivfh.com

Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products. Its customers include restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses. The company distributes perishable and specialty food and food-related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegar.

Executives

Samuel Klepfish	director, officer: CEO	231 NORMAN AVENUE, BROOKLYN NY 11222
Robert William Bennett	director, officer: Chief Executive Officer	28411 RACETRACK RD, BONITA SPRINGS FL 34135
Richard Tang	officer: Chief Financial Officer	C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
Denver Johnson Smith	director	350 S RACE STREET, DENVER CO 80209
Brady Smallwood	director, officer: Chief Operating Officer	4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
James C Pappas	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jefferson Gramm	director	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Hank Cohn	director	14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
David Polinsky	director	90 BOOTH AVENUE, ENGLEWOOD NJ 07631
Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Mark Schmulen	10 percent owner, other: See Explanation of Responses	11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Loukas D. Kozonis	10 percent owner, other: See Explanation of Responses	4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630
Jcp Investment Holdings, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027