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Purple Innovation (Purple Innovation) EBIT : $-136.2 Mil (TTM As of Mar. 2024)


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What is Purple Innovation EBIT?

Purple Innovation's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-45.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-136.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Purple Innovation's annualized ROC % for the quarter that ended in Mar. 2024 was -32.65%. Purple Innovation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -74.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Purple Innovation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -51.27%.


Purple Innovation EBIT Historical Data

The historical data trend for Purple Innovation'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.

Purple Innovation EBIT Chart

Purple Innovation Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -25.35 -268.88 3.30 123.98 -119.24

Purple Innovation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.78 -37.24 -35.52 -17.71 -45.74

Competitive Comparison of Purple Innovation's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Purple Innovation'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.


Purple Innovation's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Purple Innovation's EV-to-EBIT distribution charts can be found below:

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



Purple Innovation 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 $-136.2 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.


Purple Innovation  (NAS:PRPL) EBIT Explanation

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

Purple Innovation'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 )
=-92.544 * ( 1 - -0.12% )/( (283.042 + 284.487)/ 2 )
=-92.6550528/283.7645
=-32.65 %

where

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

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

Purple Innovation'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 )
=-182.94/( ( (224.428 + max(20.943, 0)) + (215.111 + max(28.399, 0)) )/ 2 )
=-182.94/( ( 245.371 + 243.51 )/ 2 )
=-182.94/244.4405
=-74.84 %

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)
=(37.802 + 66.878 + 10.273) - (80.726 + 5.718 + 7.566)
=20.943

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.742 + 72.028 + 9.549) - (63.164 + 3.994 + 13.762)
=28.399

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-136.207/265.643
=-51.27 %

* 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.


Purple Innovation EBIT Related Terms

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Purple Innovation (Purple Innovation) Business Description

Traded in Other Exchanges
N/A
Address
4100 North Chapel Ridge Road, Suite 200, Lehi, UT, USA, 84043
Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort technology offerings, including mattresses, a pillow, cushions, sheets, bed platforms, and other products. It sells its products through online channels, traditional wholesale partners and third-party online retailers.
Executives
Jack Roddy officer: Chief People Officer C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Tricia Mcdermott officer: Chief Legal Officer C/O PURPLE INNOVATION, INC., 4100 NORTH CHAPEL RIDGE RD., SUITE 200, LEHI UT 84043
Todd E. Vogensen officer: Chief Financial Officer 11215 METRO PARKWAY, FORT MYERS FL 33966
Gary T Dicamillo director 888 WASHINGTON STREET, DEDHAM MA 02027
Douglas Scott Peterson director 4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043
Casey Kale Mcgarvey officer: Chief Legal Officer and Sec. 123 EAST 200 NORTH, ALPINE UT 84004
Jeffery Scott Kerby officer: Chief of Owned Retail 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Seth Lane Darling director 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
R Carter Pate director 5739 WORTHAM LANE, DALLAS TX 75252
Robert Demartini director, officer: Acting CEO 102 WHITE PINE CANYON ROAD, PARK CITY UT 84060
Erika Serow director 4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043
Eric Scott Haynor officer: Chief Operating Officer 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Coliseum Capital Management, Llc director, 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Keira Krausz officer: Chief Marketing Officer 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043
Jeffrey Layne Hutchings officer: Chief Innovation Officer 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043