SeaChange International (LTS:0A8G) EBIT : $0.38 Mil (TTM As of Apr. 2023)

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What is SeaChange International EBIT?

SeaChange International's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2023 was $-0.66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2023 was $0.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SeaChange International's annualized ROC % for the quarter that ended in Apr. 2023 was -11.96%. SeaChange International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was -62.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SeaChange International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was -68.68%.

SeaChange International EBIT Historical Data

The historical data trend for SeaChange International'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.

SeaChange International EBIT Chart

SeaChange International Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

EBIT

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-16.41

0.06

-20.04

-7.20

-0.72

SeaChange International Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
EBIT	Get a 7-Day Free Trial															-1.76	-0.24	-0.03	1.31	-0.66

Competitive Comparison of SeaChange International's EBIT

For the Software - Application subindustry, SeaChange International'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.

SeaChange International's EV-to-EBIT Distribution in the Software Industry

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

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

SeaChange International 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 Apr. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.38 Mil.

SeaChange International (LTS:0A8G) EBIT Explanation

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

SeaChange International's annualized ROC % for the quarter that ended in Apr. 2023 is calculated as:

	ROC % (Q: Apr. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Apr. 2023 ))	/ count )
=	-2.656 * ( 1 - -7.37% )	/	( (24.962	+	22.717)	/ 2 )
=	-2.8517472	/	23.8395
=	-11.96 %

where

	Invested Capital		(Q: Jan. 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	))
=	42.659	-	3.038	-	( 14.659	-	max(0, 10.526	-	35.112	+	14.659	))
=	24.962

	Invested Capital		(Q: Apr. 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	))
=	40.708	-	2.792	-	( 15.199	-	max(0, 9.291	-	33.749	+	15.199	))
=	22.717

Note: The Operating Income data used here is four times the quarterly (Apr. 2023) data.

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

SeaChange International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Apr. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Apr. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.656	/	( ( (2.073 + max(2.883, 0))	+	(1.885 + max(1.631, 0)) )	/	2 )
=	-2.656	/	( ( 4.956	+	3.516 )	/	2 )
=	-2.656	/	4.236
=	-62.70 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.382	+	0	+	2.314)	-	(3.038	+	5.172	+	1.603)
=	2.883

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.362	+	0	+	2.834)	-	(2.792	+	5.087	+	0.686)
=	1.631

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Apr. 2023 )
	=	0.375	/	-0.546
	=	-68.68 %

SeaChange International EBIT Related Terms

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SeaChange International (LTS:0A8G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SeaChange International Inc (LTS:0A8G) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SEAC:USA

Address

177 Huntington Avenue, Suite 1703, PMB 73480, Boston, MA, USA, 02115

Website

https://www.seachange.com

SeaChange International Inc is a provider of multiscreen video solutions for television service providers, telecommunications companies, satellite operators, and media companies. The business has two product areas: multiscreen video back-office and advertising and video gateway software solutions. The firm's solutions facilitate aggregation, licensing, management, and distribution of video and advertising content for its customers. The company derives revenue from sales of hardware, software, systems, and services in multiple-element arrangements. Roughly half of the firm's revenue is generated in the United States, with the rest in Europe, Middle East, Latin America, and Asia-Pacific regions.

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