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Sovereign Cloud Holdings (ASX:SOV) EBIT : A$-21.12 Mil (TTM As of Dec. 2023)


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What is Sovereign Cloud Holdings EBIT?

Sovereign Cloud Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-9.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-21.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sovereign Cloud Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -117.27%. Sovereign Cloud Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -124.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sovereign Cloud Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -43.40%.

Sovereign Cloud Holdings EBIT Historical Data

The historical data trend for Sovereign Cloud Holdings'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.

Sovereign Cloud Holdings EBIT Chart

Sovereign Cloud Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23
EBIT
- -11.57 -15.68 -21.37

Sovereign Cloud Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial -6.13 -9.55 -10.18 -11.19 -9.93

Competitive Comparison of Sovereign Cloud Holdings's EBIT

For the Software - Infrastructure subindustry, Sovereign Cloud Holdings'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.

Sovereign Cloud Holdings's EV-to-EBIT Distribution in the Software Industry

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

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


Sovereign Cloud Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-21.12 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.

Sovereign Cloud Holdings  (ASX:SOV) EBIT Explanation

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

Sovereign Cloud Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-20.108 * ( 1 - 0% )/( (19.17 + 15.124)/ 2 )
=-20.108/17.147
=-117.27 %

where

Invested Capital(Q: Jun. 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))
=33.943 - 3.133 - ( 11.64 - max(0, 5.263 - 17.241+11.64))
=19.17

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))
=21.933 - 2.232 - ( 4.666 - max(0, 3.966 - 8.543+4.666))
=15.124

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Sovereign Cloud Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.852/( ( (15.817 + max(1.932, 0)) + (12.832 + max(1.217, 0)) )/ 2 )
=-19.852/( ( 17.749 + 14.049 )/ 2 )
=-19.852/15.899
=-124.86 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.058 + 0 + 4.536) - (3.133 + 0 + 0.529)
=1.932

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.785 + 0 + 2.092) - (2.232 + 0 + 0.428)
=1.217

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Sovereign Cloud Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-21.118/48.659
=-43.40 %

* 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.

Sovereign Cloud Holdings EBIT Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609
Website
https://www.australiacloud.com.au
Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

Sovereign Cloud Holdings (ASX:SOV) Headlines

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