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Newegg Commerce (Newegg Commerce) EBIT : $-28.5 Mil (TTM As of Dec. 2023)


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What is Newegg Commerce EBIT?

Newegg Commerce's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-13.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-28.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Newegg Commerce's annualized ROC % for the quarter that ended in Dec. 2023 was -35.91%. Newegg Commerce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -35.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Newegg Commerce's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.79%.


Newegg Commerce EBIT Historical Data

The historical data trend for Newegg Commerce'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.

Newegg Commerce EBIT Chart

Newegg Commerce Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-9.46 33.03 31.08 -42.64 -59.13

Newegg Commerce Quarterly Data
Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.22 -9.23 - -15.39 -13.09

Competitive Comparison of Newegg Commerce's EBIT

For the Internet Retail subindustry, Newegg Commerce'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.


Newegg Commerce's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Newegg Commerce's EV-to-EBIT distribution charts can be found below:

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



Newegg Commerce 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.5 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.


Newegg Commerce  (NAS:NEGG) EBIT Explanation

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

Newegg Commerce's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-70.48 * ( 1 - -1.73% )/( (191.976 + 207.377)/ 2 )
=-71.699304/199.6765
=-35.91 %

where

Invested Capital(Q: Sep. 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))
=418.518 - 174.107 - ( 54.006 - max(0, 210.361 - 262.796+54.006))
=191.976

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))
=499.047 - 243.763 - ( 102.512 - max(0, 296.544 - 344.451+102.512))
=207.377

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

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

Newegg Commerce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-52.368/( ( (141.286 + max(17.724, 0)) + (138.629 + max(-36.503, 0)) )/ 2 )
=-52.368/( ( 159.01 + 138.629 )/ 2 )
=-52.368/148.8195
=-35.19 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.582 + 142.303 + 13.916) - (174.107 + 15.97 + 0)
=17.724

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.383 + 136.164 + 22.166) - (243.763 + 25.614 + 5.839)
=-36.503

When net working capital is negative, 0 is used.

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

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

Newegg Commerce's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-28.478/419.449
=-6.79 %

* 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.


Newegg Commerce EBIT Related Terms

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Newegg Commerce (Newegg Commerce) Business Description

Traded in Other Exchanges
Address
17560 Rowland Street, City of Industry, CA, USA, 91748
Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.