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Lemonade's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $0.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $0.0 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lemonade's annualized ROC % for the quarter that ended in Mar. 2024 was 0.00%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lemonade's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.
The historical data trend for Lemonade'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.
Lemonade Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
EBIT | Get a 7-Day Free Trial | - | - | - | - | - |
Lemonade 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 | - | - | - | - | - |
For the Insurance - Property & Casualty subindustry, Lemonade'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.
For the Insurance industry and Financial Services sector, Lemonade's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Lemonade's EV-to-EBIT falls into.
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 $0.0 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.
Lemonade (NYSE:LMND) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Lemonade's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 0 * ( 1 - -4.65% ) | / | ( (1291.275 | + | 1283.155) | / 2 ) |
= | 0 | / | 1287.215 | |||
= | 0.00 % |
where
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 1633.3 | - | 83.3 | - | ( 264.5 | - | 5% * 115.5 ) |
= | 1291.275 |
Invested Capital | (Q: Mar. 2024 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 1646.4 | - | 90.5 | - | ( 278.7 | - | 5% * 119.1 ) |
= | 1283.155 |
Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Lemonade's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 0 | / | 925.381 | |
= | 0.00 % |
* 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.
Thank you for viewing the detailed overview of Lemonade's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
John Sheldon Peters | officer: Chief Insurance Officer | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Timothy E Bixby | officer: Chief Financial Officer | C/O SHUTTERSTOCK, 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Alex Clavel | 10 percent owner | PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102 |
Michael A Eisenberg | director, 10 percent owner | C/O SHOPPING.COM, 8000 MARINA BLVD. 5TH FLOOR, BRISBANE CA 94005 |
Adina Eckstein | officer: Chief Operating Officer | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Irina Novoselsky | director | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Silvija Martincevic | director | C/O AFFIRM HOLDINGS, INC., 650 CALIFORNIA STREET, SAN FRANCISCO CA 94108 |
Becker Caryn Seidman | director | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Jorge Espinel | officer: CBDO | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
George Thompson Hutton | director | C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Joel E Cutler | director | C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD, SUITE 450, CAMBRIDGE MA 02138 |
Daniel A. Schreiber | director, 10 percent owner, officer: Co-Founder & CEO | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Shai Wininger | director, 10 percent owner, officer: See Remarks | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Haim Sadger | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
Sequoia Capital Israel Venture V Principals Fund, L.p. | 10 percent owner | 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
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