Tantalus Systems Holding (TSX:GRID) EBIT : C$-0.17 Mil (TTM As of Mar. 2024)

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What is Tantalus Systems Holding EBIT?

Tantalus Systems Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-1.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.17 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tantalus Systems Holding's annualized ROC % for the quarter that ended in Mar. 2024 was -15.97%. Tantalus Systems Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -138.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tantalus Systems Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.17%.

Tantalus Systems Holding EBIT Historical Data

The historical data trend for Tantalus Systems Holding'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.

Tantalus Systems Holding EBIT Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-8.26

-6.97

-0.43

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial											-1.81	-0.80	-0.61	2.76	-1.52

Competitive Comparison of Tantalus Systems Holding's EBIT

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's EV-to-EBIT distribution charts can be found below:

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

Tantalus Systems Holding 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 C$-0.17 Mil.

Tantalus Systems Holding (TSX:GRID) EBIT Explanation

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

Tantalus Systems Holding'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 )
=	-6.52 * ( 1 - 0% )	/	( (38.058	+	43.619)	/ 2 )
=	-6.52	/	40.8385
=	-15.97 %

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	))
=	46.686	-	15.968	-	( 6.915	-	max(0, 36.584	-	29.244	+	6.915	))
=	38.058

	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	))
=	48.069	-	13.513	-	( 7.308	-	max(0, 40.067	-	31.004	+	7.308	))
=	43.619

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

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

Tantalus Systems Holding'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 )
=	-6.06	/	( ( (4.484 + max(-1.702, 0))	+	(4.252 + max(-3.485, 0)) )	/	2 )
=	-6.06	/	( ( 4.484	+	4.252 )	/	2 )
=	-6.06	/	4.368
=	-138.74 %

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)
=	(10.56	+	8.902	+	2.867)	-	(15.968	+	5.613	+	2.45)
=	-1.702

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.784	+	7.813	+	2.099)	-	(13.513	+	11.127	+	2.541)
=	-3.485

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:

Tantalus Systems Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.165	/	94.919
	=	-0.17 %

Tantalus Systems Holding EBIT Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Peter Londa

Director, Senior Officer