Stem (STEM) EBIT : $-149.4 Mil (TTM As of Mar. 2024)

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What is Stem EBIT?

Stem's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-67.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-149.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stem's annualized ROC % for the quarter that ended in Mar. 2024 was -26.03%. Stem's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -236.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Stem's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.24%.

Stem EBIT Historical Data

The historical data trend for Stem'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.

Stem EBIT Chart

Stem Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-46.86

-135.31

-83.82

-128.75

-125.00

Stem Quarterly Data
	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													-43.09	23.52	-72.71	-32.71	-67.45

Competitive Comparison of Stem's EBIT

For the Software - Infrastructure subindustry, Stem'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.

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

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

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

Stem 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 $-149.4 Mil.

Stem (NYSE:STEM) EBIT Explanation

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

Stem'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 )
=	-272.052 * ( 1 - -0.21% )	/	( (1073.83	+	1020.467)	/ 2 )
=	-272.6233092	/	1047.1485
=	-26.03 %

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	))
=	1356.977	-	169.553	-	( 113.594	-	max(0, 251.08	-	472.965	+	113.594	))
=	1073.83

	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	))
=	1284.895	-	151.624	-	( 112.804	-	max(0, 236.618	-	405.528	+	112.804	))
=	1020.467

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

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

Stem'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 )
=	-269.788	/	( ( (89.486 + max(-83.322, 0))	+	(82.709 + max(56.065, 0)) )	/	2 )
=	-269.788	/	( ( 89.486	+	138.774 )	/	2 )
=	-269.788	/	114.13
=	-236.39 %

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)
=	(108.358	+	26.665	+	29.785)	-	(169.553	+	53.997	+	24.58)
=	-83.322

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(239.934	+	24.444	+	28.305)	-	(151.624	+	56.952	+	28.042)
=	56.065

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-149.358	/	642.743
	=	-23.24 %

Stem EBIT Related Terms

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Stem (STEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Stem Inc (NYSE:STEM) » Definitions » EBIT

Comparable Companies

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Traded in Other Exchanges

5QQ0:Germany 5QQ0:Germany

Address

100 California Street, 14th Floor, San Francisco, CA, USA, 94111

Website

https://www.stem.com

Stem is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. In 2022, the company acquired AlsoEnergy, a provider of solar asset management software.

Executives

Rahul Shukla	officer: Chief Accounting Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Michael James Carlson	officer: Chief Operating Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
David S Buzby	director
Alan Russo	officer: Chief Revenue Officer	100 ROLLINS ROAD, MILLBRAE CA 94030
Matthew Tappin	officer: President, Asset Management	100 CALIFORNIA STREET, 14TH FLOOR, SAN FRANCISCO CA 94111
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Saul R. Laureles	officer: Chief Legal Officer	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
John Eugene Carrington	director, officer: CEO and Director	350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
William John Bush	officer: Chief Financial Officer	539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107
Kim Homenock	officer: Chief People Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Robert Schaefer	officer: President, AlsoEnergy	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Larsh Johnson	officer: Chief Technical Officer	100 ROLLINS RD, MILLBRAE CA 94030
Prakesh Patel	officer: Chief Strategy Officer	100 ROLLINS ROAD, MILLBRAE CA 94030
Adam Daley	director	C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Anil Tammineedi	director	100 ROLLINS RD, MILLBRAE CA 94030