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Poshmark (Poshmark) EBIT : $-76.6 Mil (TTM As of Sep. 2022)


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What is Poshmark EBIT?

Poshmark's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was $-24.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was $-76.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Poshmark's annualized ROC % for the quarter that ended in Sep. 2022 was -246.06%. Poshmark's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -715.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Poshmark's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -9.13%.


Poshmark EBIT Historical Data

The historical data trend for Poshmark'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.

Poshmark EBIT Chart

Poshmark Annual Data
Trend Dec18 Dec19 Dec20 Dec21
EBIT
-15.02 -48.86 25.19 -44.43

Poshmark Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -6.90 -15.00 -14.44 -22.91 -24.28

Competitive Comparison of Poshmark's EBIT

For the Internet Retail subindustry, Poshmark'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.


Poshmark's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Poshmark's EV-to-EBIT distribution charts can be found below:

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



Poshmark 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-76.6 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.


Poshmark  (NAS:POSH) EBIT Explanation

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

Poshmark's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

ROC % (Q: Sep. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Sep. 2022 ))/ count )
=-97.1 * ( 1 - -0.51% )/( (38.886 + 40.44)/ 2 )
=-97.59521/39.663
=-246.06 %

where

Invested Capital(Q: Jun. 2022 )
=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))
=614.988 - 189.186 - ( 581.153 - max(0, 204.209 - 591.125+581.153))
=38.886

Invested Capital(Q: Sep. 2022 )
=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))
=619.597 - 201.305 - ( 588.816 - max(0, 219.231 - 597.083+588.816))
=40.44

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Poshmark's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-97.1/( ( (14.153 + max(-188.834, 0)) + (12.988 + max(-205.046, 0)) )/ 2 )
=-97.1/( ( 14.153 + 12.988 )/ 2 )
=-97.1/13.5705
=-715.52 %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 9.972) - (189.186 + 0 + 9.62)
=-188.834

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 8.2669999999999) - (201.305 + 0 + 12.008)
=-205.046

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=-76.628/839.630
=-9.13 %

* 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.


Poshmark EBIT Related Terms

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


Poshmark (Poshmark) Business Description

Traded in Other Exchanges
N/A
Address
203 Redwood Shores Parkway, 8th Floor, Redwood City, CA, USA, 94065
Poshmark is one of the largest players in a quickly growing e-commerce resale space, connecting more than 30 million active users on a platform that sells men's and women's apparel, accessories, shoes, and more recently consumer electronics and pet products. The marketplace operates in four countries--the U.S., Canada, Australia, and India--with a capital-light, peer-to-peer model that dovetails nicely with prevailing trends toward social commerce, apparel resale, and an ongoing pivot toward the e-commerce channel. With $1.8 billion in 2021 gross merchandise volume, or GMV, we estimate that the firm captured about 13%-14% of the domestic online resale market, with rolling lockdowns and tangled supply chains providing a meaningful impetus for channel trial during 2020 and 2021.
Executives
Ebony Beckwith director 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
Rodrigo Brumana officer: Chief Financial Officer 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
John Michael Mcdonald officer: Chief Operating Officer C/O POSHMARK, INC., 203 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Manish Chandra director, officer: President and CEO C/O POSHMARK, INC., 203 REDWOOD SHORES PKWY 8TH FL, REDWOOD CITY CA 94065
Hans Tung director 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Temasek Holdings (private) Ltd 10 percent owner 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Anderson Investments Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Thomson Capital Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Tembusu Capital Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Kapil Agrawal officer: Interim CFO 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
Ggv Capital V L.l.c. 10 percent owner 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Mv Management Xi, L.l.c. 10 percent owner 1300 EL CAMINO REAL, SUITE 150, MENLO PARK CA 94025
Anan Kashyap officer: Chief Financial Officer C/O POSHMARK, INC., 203 REDWOOD SHORES PKWY 8TH FL, REDWOOD CITY CA 94065
Menlo Ventures Xi, L.p. 10 percent owner 2884 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
John W Marren director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102