Veritone (STU:VEK) EBIT : €-49.9 Mil (TTM As of Mar. 2024)

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What is Veritone EBIT?

Veritone's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €-20.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €-49.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veritone's annualized ROC % for the quarter that ended in Mar. 2024 was -35.41%. Veritone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,000.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veritone's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -32.80%.

Veritone EBIT Historical Data

The historical data trend for Veritone'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.

Veritone EBIT Chart

Veritone Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-57.66

-39.19

-54.37

-17.36

-54.31

Veritone 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															-20.95	-22.11	-21.61	14.31	-20.47

Competitive Comparison of Veritone's EBIT

For the Software - Infrastructure subindustry, Veritone'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.

Veritone's EV-to-EBIT Distribution in the Software Industry

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

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

Veritone 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 €-49.9 Mil.

Veritone (STU:VEK) EBIT Explanation

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

Veritone'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 )
=	-80.372 * ( 1 - 3.98% )	/	( (211.341	+	224.569)	/ 2 )
=	-77.1731944	/	217.955
=	-35.41 %

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	))
=	344.621	-	138.833	-	( 72.846	-	max(0, 173.153	-	167.6	+	72.846	))
=	211.341

	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	))
=	330.87	-	129.579	-	( 83.474	-	max(0, 181.857	-	158.579	+	83.474	))
=	224.569

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

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

Veritone'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 )
=	-81.892	/	( ( (7.938 + max(-90.551, 0))	+	(8.432 + max(-117.357, 0)) )	/	2 )
=	-81.892	/	( ( 7.938	+	8.432 )	/	2 )
=	-81.892	/	8.185
=	-1,000.51 %

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)
=	(63.517	+	0	+	11.601)	-	(138.833	+	25.919	+	0.91699999999997)
=	-90.551

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(48.275	+	0	+	7.035)	-	(129.579	+	38.373	+	4.715)
=	-117.357

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-49.878	/	152.069
	=	-32.80 %

Veritone EBIT Related Terms

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Veritone (STU:VEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veritone Inc (STU:VEK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

VERI:USA VEK:Germany

Address

2420 17th Street, Office 3002, Denver, CO, USA, 80202

Website

https://www.veritone.com

Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. The company generates revenue through the delivery of its 1) Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, 2) Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. The company has a presence in the United States and Israel.

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