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Smith Micro Software (Smith Micro Software) EBIT : $-20.72 Mil (TTM As of Mar. 2024)


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What is Smith Micro Software EBIT?

Smith Micro Software's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-7.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-20.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smith Micro Software's annualized ROC % for the quarter that ended in Mar. 2024 was -50.22%. Smith Micro Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -525.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smith Micro Software's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -75.86%.


Smith Micro Software EBIT Historical Data

The historical data trend for Smith Micro Software'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.

Smith Micro Software EBIT Chart

Smith Micro Software 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 10.30 3.52 -18.07 -26.37 -17.88

Smith Micro Software 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 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 -6.94 -3.63 -3.68 -5.97 -7.46

Competitive Comparison of Smith Micro Software's EBIT

For the Software - Application subindustry, Smith Micro Software'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.


Smith Micro Software's EV-to-EBIT Distribution in the Software Industry

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

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



Smith Micro Software 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 $-20.72 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.


Smith Micro Software  (NAS:SMSI) EBIT Explanation

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

Smith Micro Software'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 )
=-29.828 * ( 1 - -0.13% )/( (73.43 + 45.504)/ 2 )
=-29.8667764/59.467
=-50.22 %

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:

Smith Micro Software'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 )
=-29.828/( ( (3.642 + max(3.596, 0)) + (3.937 + max(0.182, 0)) )/ 2 )
=-29.828/( ( 7.238 + 4.119 )/ 2 )
=-29.828/5.6785
=-525.28 %

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)
=(7.912 + 0 + 1.843) - (5.022 + 0 + 1.137)
=3.596

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.301 + 0 + 1.8) - (4.871 + 0 + 1.048)
=0.182

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:

Smith Micro Software's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-20.724/27.318
=-75.86 %

* 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.


Smith Micro Software EBIT Related Terms

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Smith Micro Software (Smith Micro Software) Business Description

Traded in Other Exchanges
Address
5800 Corporate Drive, Pittsburgh, PA, USA, 15237
Smith Micro Software Inc is a provider of software solutions. It develops and markets wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. It offers multi-platform, modular solutions such as SafePath; CommSuite; and ViewSpot. The company's only reportable segment is Wireless. Its Wireless segment sells primarily to large wireless carriers, cable operators, and OEMs.
Executives
James M Kempton officer: VP, CFO and Treasurer 100 AIRSIDE DR, MOON TOWNSHIP PA 15108
Smith William W Jr director, 10 percent owner, officer: President & CEO 51 COLUMBIA, ALISOVIEJO CA 92656
Chetan Sharma director 5800 CORPORATE DR. 5TH FLOOR, PITTSBURGH PA 15237
Thomas G Campbell director
Asha Keddy director 5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Andrew Arno director C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Gregory J Szabo director 51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Smauel Gulko director 51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Michael K. Fox officer: Interim CFO 5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Timothy C. Huffmyer officer: Chief Financial Officer 1000 PARK DRIVE, LAWRENCE PA 15055
Steven Yasbek officer: Chief Accounting Officer 51 COLUMBIA, ALISO VIEJO CA 92656
Steven Lawrence Elfman director 51 COLUMBIA, ALISO VIEJO CA 92656
Christopher G Lippincott other: VP - Internet & Direct Sales 51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Andrew C Schmidt officer: Chief Financial Officer 1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705
Daniel Rawlings officer: Chief Revenue Officer 51 COLUMBIA, ALISO VIEJO CA 92656