GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PowerFleet Inc (NAS:PWFL) » Definitions » EBIT

PowerFleet (PowerFleet) EBIT : $-3.4 Mil (TTM As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is PowerFleet EBIT?

PowerFleet's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-2.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PowerFleet's annualized ROC % for the quarter that ended in Dec. 2023 was -9.37%. PowerFleet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PowerFleet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.53%.


PowerFleet EBIT Historical Data

The historical data trend for PowerFleet'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.

PowerFleet EBIT Chart

PowerFleet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.68 -3.51 -8.12 -6.97 -3.45

PowerFleet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.42 5.30 -2.76 -3.26 -2.73

Competitive Comparison of PowerFleet's EBIT

For the Communication Equipment subindustry, PowerFleet'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.


PowerFleet's EV-to-EBIT Distribution in the Hardware Industry

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

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



PowerFleet 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 $-3.4 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.


PowerFleet  (NAS:PWFL) EBIT Explanation

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

PowerFleet'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 )
=-17.104 * ( 1 - 2.82% )/( (178.208 + 176.693)/ 2 )
=-16.6216672/177.4505
=-9.37 %

where

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

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

PowerFleet'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 )
=-10.928/( ( (16.712 + max(27.327, 0)) + (18.578 + max(24.773, 0)) )/ 2 )
=-10.928/( ( 44.039 + 43.351 )/ 2 )
=-10.928/43.695
=-25.01 %

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)
=(33.606 + 21.055 + 6.876) - (18.601 + 6.101 + 9.508)
=27.327

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.44 + 22.602 + 5.693) - (22.031 + 5.666 + 8.265)
=24.773

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-3.449/651.271
=-0.53 %

* 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.


PowerFleet EBIT Related Terms

Thank you for viewing the detailed overview of PowerFleet's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


PowerFleet (PowerFleet) Business Description

Traded in Other Exchanges
Address
123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677
PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.
Executives
David Wilson officer: Chief Financial Officer
Michael J Casey director C/O MAPICS INC, 1000WINDWARD CONCOURSE PKWY STE.100, ALPHARETTA GA 30005
Offer Lehmann officer: Chief Operating Officer C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Elchanan Maoz director 11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007
Patrick John Maley officer: Chief Revenue Officer C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
James Scott Zeitunian officer: Chief Technology Officer C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Joaquin Fong officer: See "Remarks" below C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Charles Frumberg director 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Brodsky director C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Steven Mark Towe director, officer: Chief Executive Officer C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Elizabeth Elkins officer: Chief Product Officer C/O POWERFLEET, INC., 123 TICE BLVD., WOODCLIFF LAKE NJ 07677
David Mahlab director, officer: CEO International 14 HA'MELACHA STREET, ROSH HA'AYIN L3 4809133
Medhini Srinivasan director C/O POWERFLEET, INC., 123 TICE BLVD, WOODCLIFF LAKE NJ 07677
Anders Bjork director C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677
Ned Mavrommatis officer: Chief Financial Officer C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601