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Grid Dynamics Holdings (Grid Dynamics Holdings) EBIT : $-5.1 Mil (TTM As of Mar. 2024)


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What is Grid Dynamics Holdings EBIT?

Grid Dynamics Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-5.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grid Dynamics Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -17.55%. Grid Dynamics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -45.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grid Dynamics Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.06%.


Grid Dynamics Holdings EBIT Historical Data

The historical data trend for Grid Dynamics Holdings'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.

Grid Dynamics Holdings EBIT Chart

Grid Dynamics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 15.63 -15.45 0.05 -21.01 -5.58

Grid Dynamics Holdings 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 -5.99 1.33 0.14 -1.07 -5.54

Competitive Comparison of Grid Dynamics Holdings's EBIT

For the Information Technology Services subindustry, Grid Dynamics Holdings'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.


Grid Dynamics Holdings's EV-to-EBIT Distribution in the Software Industry

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

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



Grid Dynamics Holdings 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 $-5.1 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.


Grid Dynamics Holdings  (NAS:GDYN) EBIT Explanation

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

Grid Dynamics Holdings'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 )
=-22.168 * ( 1 - -30.86% )/( (161.553 + 168.986)/ 2 )
=-29.0090448/165.2695
=-17.55 %

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))
=435.165 - 16.385 - ( 257.227 - max(0, 42.223 - 323.98+257.227))
=161.553

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))
=435.261 - 16.838 - ( 249.437 - max(0, 43.12 - 322.502+249.437))
=168.986

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

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

Grid Dynamics Holdings'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 )
=-22.168/( ( (21.804 + max(25.03, 0)) + (22.766 + max(28.787, 0)) )/ 2 )
=-22.168/( ( 46.834 + 51.553 )/ 2 )
=-22.168/49.1935
=-45.06 %

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)
=(49.824 + 0 + 13.194) - (16.385 + 1.333 + 20.27)
=25.03

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.039 + 0 + 14.377) - (16.838 + 1.328 + 20.463)
=28.787

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:

Grid Dynamics Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-5.13/482.050
=-1.06 %

* 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.


Grid Dynamics Holdings EBIT Related Terms

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Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583
Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.
Executives
Leonard Livschitz director, officer: Chief Executive Officer C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla officer: Chief Financial Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet director C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney director C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff officer: VP of Corporate Development C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang director 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson director C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov officer: SVP of Engineering C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd. 10 percent owner ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd 10 percent owner UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd 10 percent owner 15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000