Inspire Veterinary Partners (Inspire Veterinary Partners) EBIT : $-14.12 Mil (TTM As of Mar. 2024)

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What is Inspire Veterinary Partners EBIT?

Inspire Veterinary Partners's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-14.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inspire Veterinary Partners's annualized ROC % for the quarter that ended in Mar. 2024 was -35.13%. Inspire Veterinary Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -119.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inspire Veterinary Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -64.01%.

Inspire Veterinary Partners EBIT Historical Data

The historical data trend for Inspire Veterinary Partners'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.

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Inspire Veterinary Partners EBIT Chart

Inspire Veterinary Partners Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-1.06

-3.52

-12.25

Inspire Veterinary Partners Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial					-0.99	-0.94	-6.97	-3.35	-2.86

Competitive Comparison of Inspire Veterinary Partners's EBIT

For the Personal Services subindustry, Inspire Veterinary Partners'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.

Inspire Veterinary Partners's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Inspire Veterinary Partners's EV-to-EBIT distribution charts can be found below:

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

Inspire Veterinary Partners 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 $-14.12 Mil.

Inspire Veterinary Partners (NAS:IVP) EBIT Explanation

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

Inspire Veterinary Partners'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 )
=	-8.536 * ( 1 - 0% )	/	( (23.864	+	24.729)	/ 2 )
=	-8.536	/	24.2965
=	-35.13 %

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	))
=	21.791	-	4.157	-	( 0.179	-	max(0, 7.582	-	1.352	+	0.179	))
=	23.864

	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	))
=	23.395	-	3.979	-	( 0.069	-	max(0, 8.452	-	3.139	+	0.069	))
=	24.729

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

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

Inspire Veterinary Partners'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 )
=	-11.452	/	( ( (9.565 + max(-3.168, 0))	+	(9.529 + max(-1.061, 0)) )	/	2 )
=	-11.452	/	( ( 9.565	+	9.529 )	/	2 )
=	-11.452	/	9.547
=	-119.95 %

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)
=	(0.029	+	0.572	+	0.388)	-	(4.157	+	0	+	0)
=	-3.168

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.341	+	0.546	+	2.031)	-	(3.979	+	0	+	0)
=	-1.061

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:

Inspire Veterinary Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-14.123	/	22.065
	=	-64.01 %

Inspire Veterinary Partners EBIT Related Terms

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Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Inspire Veterinary Partners Inc (NAS:IVP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452

Website

Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.

Executives

Alexander Lawrence	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser	director, officer: Chief Operating Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr	director, officer: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau	director	P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc	other: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank	officer: Chief Financial Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452