GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inno Holdings Inc (NAS:INHD) » Definitions » EBIT

Inno Holdings (Inno Holdings) EBIT : $-4.89 Mil (TTM As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Inno Holdings EBIT?

Inno Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inno Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -130.89%. Inno Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -300.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inno Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -55.14%.

Inno Holdings EBIT Historical Data

The historical data trend for Inno 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.

Inno Holdings EBIT Chart

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23
EBIT
-0.07 -1.11 -3.95

Inno Holdings Quarterly Data
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 -0.57 -1.90 -1.03 -0.81 -1.15

Competitive Comparison of Inno Holdings's EBIT

For the Steel subindustry, Inno 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.

Inno Holdings's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Inno Holdings's EV-to-EBIT distribution charts can be found below:

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


Inno 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 $-4.89 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.

Inno Holdings  (NAS:INHD) EBIT Explanation

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

Inno 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 )
=-4.6 * ( 1 - 0% )/( (3.851 + 3.178)/ 2 )
=-4.6/3.5145
=-130.89 %

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))
=9.633 - 1.702 - ( 7.677 - max(0, 4.207 - 8.287+7.677))
=3.851

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))
=7.142 - 1.564 - ( 4.045 - max(0, 2.97 - 5.37+4.045))
=3.178

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

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

Inno 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 )
=-4.6/( ( (1.296 + max(-2.803, 0)) + (1.762 + max(-0.879, 0)) )/ 2 )
=-4.6/( ( 1.296 + 1.762 )/ 2 )
=-4.6/1.529
=-300.85 %

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)
=(0.07 + 0.389 + 0.151) - (1.702 + 1.02 + 0.691)
=-2.803

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.361 + 0.964) - (1.564 + 0.64 + 0)
=-0.879

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-4.888/8.864
=-55.14 %

* 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.

Inno Holdings EBIT Related Terms

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

Inno Holdings (Inno Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inno Holdings Inc (NAS:INHD) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Website
https://www.innometalstuds.com
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.