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Zimi (ASX:ZMM) EBIT : A$-4.32 Mil (TTM As of Dec. 2023)


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What is Zimi EBIT?

Zimi's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zimi's annualized ROC % for the quarter that ended in Dec. 2023 was -111.74%. Zimi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -232.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zimi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -232.29%.

Zimi EBIT Historical Data

The historical data trend for Zimi'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.

Zimi EBIT Chart

Zimi Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.09 -10.72 -4.06 -4.92 -5.34

Zimi Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -2.81 -2.11 -3.22 -2.12 -2.20

Competitive Comparison of Zimi's EBIT

For the Electrical Equipment & Parts subindustry, Zimi'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.

Zimi's EV-to-EBIT Distribution in the Industrial Products Industry

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

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


Zimi 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$-4.32 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.

Zimi  (ASX:ZMM) EBIT Explanation

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

Zimi'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 )
=-4.556 * ( 1 - 0% )/( (4.209 + 3.946)/ 2 )
=-4.556/4.0775
=-111.74 %

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))
=5.684 - 0.495 - ( 0.98 - max(0, 1.234 - 2.852+0.98))
=4.209

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))
=3.935 - -1.045 - ( 1.034 - max(0, -1.338 - 2.13+1.034))
=3.946

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:

Zimi'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 )
=-4.39/( ( (0.54 + max(0.391, 0)) + (0.464 + max(2.381, 0)) )/ 2 )
=-4.39/( ( 0.931 + 2.845 )/ 2 )
=-4.39/1.888
=-232.52 %

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)
=(0.269 + 0.174 + 0.685) - (0.495 + 0.153 + 0.089)
=0.391

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.28 + 0.582 + 0.234) - (-1.045 + 0 + -0.24)
=2.381

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-4.316/1.858
=-232.29 %

* 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.

Zimi EBIT Related Terms

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Zimi (ASX:ZMM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zimi Ltd (ASX:ZMM) » Definitions » EBIT
Comparable Companies
ASX:H2G ASX:CMX ASX:FOS ASX:RFT ASX:EGY SZSE:300750 XSWX:ABBN VRT TSE:6503 XPAR:LR BKK:DELTA SZSE:300124 SZSE:300274 HUBB XKRX:247540 MIL:PRY SHSE:603195 NVT BOM:517354 SZSE:300014
Traded in Other Exchanges
N/A
Address
2A / 300 Fitzgerald Street, Level 1, Perth, WA, AUS, 6006
Website
https://www.zimi.life
Zimi Ltd is a technology company that connects everyday electrical products to the internet and each other to create smarter living and working spaces. Its current product range is comprised of the Powermesh and Senoa lines, which include multi-purpose switches, light dimmers, power points, fan controllers, and garage door controllers. These products are easily controllable by end-users through Zimi's home automation app. The company generates revenue from the sale of finished goods.

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