GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » EBIT

X2M Connect (ASX:X2M) EBIT : A$-6.29 Mil (TTM As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is X2M Connect EBIT?

X2M Connect's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-6.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. X2M Connect's annualized ROC % for the quarter that ended in Dec. 2023 was -49.99%. X2M Connect's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,197.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. X2M Connect's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -43.46%.

X2M Connect EBIT Historical Data

The historical data trend for X2M Connect'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.

X2M Connect EBIT Chart

X2M Connect Annual Data
Trend Jun22 Jun23
EBIT
-10.16 -6.32

X2M Connect Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial -6.44 -3.71 -2.84 -3.48 -2.81

Competitive Comparison of X2M Connect's EBIT

For the Scientific & Technical Instruments subindustry, X2M Connect'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.

X2M Connect's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, X2M Connect's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where X2M Connect's EV-to-EBIT falls into.


X2M Connect 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$-6.29 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.

X2M Connect  (ASX:X2M) EBIT Explanation

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

X2M Connect'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 )
=-6 * ( 1 - 0% )/( (11.482 + 12.524)/ 2 )
=-6/12.003
=-49.99 %

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))
=14.175 - 6.406 - ( 1.785 - max(0, 13.062 - 9.349+1.785))
=11.482

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))
=14.431 - 5.538 - ( 2.917 - max(0, 12.951 - 9.32+2.917))
=12.524

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:

X2M Connect'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 )
=-5.628/( ( (0.45 + max(-3.429, 0)) + (0.49 + max(-3.748, 0)) )/ 2 )
=-5.628/( ( 0.45 + 0.49 )/ 2 )
=-5.628/0.47
=-1,197.45 %

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)
=(2.406 + 0.228 + 4.77) - (6.406 + 0 + 4.427)
=-3.429

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.078 + 0.281 + 1.044) - (5.538 + 0 + 4.613)
=-3.748

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:

X2M Connect's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-6.293/14.480
=-43.46 %

* 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.

X2M Connect EBIT Related Terms

Thank you for viewing the detailed overview of X2M Connect's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

X2M Connect (ASX:X2M) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » EBIT
Comparable Companies
ASX:OXT ASX:DVL ASX:HYD ASX:SBW TSE:6861 FTV OSTO:HEXA B GRMN KEYS TDY TRMB TSE:7701 CGNX ST NOVT SZSE:002414 VNT COHR MKSI BMI
Traded in Other Exchanges
N/A
Address
18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149
Website
https://www.x2mconnect.com
X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

X2M Connect (ASX:X2M) Headlines

No Headlines