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Plaid (PLDIF) EBIT : $-12.21 Mil (TTM As of Mar. 2024)


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What is Plaid EBIT?

Plaid's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $0.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Plaid's annualized ROC % for the quarter that ended in Mar. 2024 was 12.20%. Plaid's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 95.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Plaid's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.47%.


Plaid EBIT Historical Data

The historical data trend for Plaid'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.

Plaid EBIT Chart

Plaid Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial -7.71 -11.31 -0.79 -6.82 -14.24

Plaid Quarterly Data
Sep18 Sep19 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only -0.90 -2.60 -10.04 -0.16 0.58

Competitive Comparison of Plaid's EBIT

For the Software - Application subindustry, Plaid'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.


Plaid's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Plaid's EV-to-EBIT distribution charts can be found below:

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



Plaid 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 $-12.21 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.


Plaid  (OTCPK:PLDIF) EBIT Explanation

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

Plaid'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 )
=3.112 * ( 1 - 29.68% )/( (17.659 + 18.228)/ 2 )
=2.1883584/17.9435
=12.20 %

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:

Plaid'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 )
=2.328/( ( (2.49 + max(-3.112, 0)) + (2.41 + max(-2.311, 0)) )/ 2 )
=2.328/( ( 2.49 + 2.41 )/ 2 )
=2.328/2.45
=95.02 %

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)
=(7.373 + 0 + 2.597) - (4.54 + 0 + 8.542)
=-3.112

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.935 + 0 + 3.136) - (5.82 + 0 + 7.562)
=-2.311

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-12.213/188.866
=-6.47 %

* 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.


Plaid EBIT Related Terms

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Plaid (PLDIF) Business Description

Traded in Other Exchanges
Address
6-10-1 Ginza, Ginza Six 10th Floor, FChuo-ku, Tokyo, JPN, 104-0061
Plaid Inc is engaged in providing cloud-based customer experience platform KARTE. It provides data analytics, development and operation of platform, media shopping tribe and other services.

Plaid (PLDIF) Headlines

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Q1 2024 Plaid Inc Earnings Presentation Transcript

By GuruFocus Research 02-14-2024