BNN Technology (LSE:BNN) EBIT : £-25.06 Mil (TTM As of Jun. 2017)

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What is BNN Technology EBIT?

BNN Technology's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2017 was £-13.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2017 was £-25.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BNN Technology's annualized ROC % for the quarter that ended in Jun. 2017 was -71.76%. BNN Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was -180.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BNN Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was -25.01%.

BNN Technology EBIT Historical Data

The historical data trend for BNN Technology'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.

BNN Technology EBIT Chart

BNN Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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-8.03

-7.15

-3.42

-9.33

-16.77

BNN Technology Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
EBIT	Get a 7-Day Free Trial					-3.64	-5.69	-5.21	-11.56	-13.50

Competitive Comparison of BNN Technology's EBIT

For the Internet Content & Information subindustry, BNN Technology'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.

BNN Technology's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BNN Technology's EV-to-EBIT distribution charts can be found below:

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

BNN Technology 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 Jun. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-25.06 Mil.

BNN Technology (LSE:BNN) EBIT Explanation

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

BNN Technology's annualized ROC % for the quarter that ended in Jun. 2017 is calculated as:

	ROC % (Q: Jun. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Jun. 2017 ))	/ count )
=	-26.994 * ( 1 - 0% )	/	( (32.782	+	42.455)	/ 2 )
=	-26.994	/	37.6185
=	-71.76 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	65.059	-	4.249	-	( 28.028	-	max(0, 11.372	-	42.8	+	28.028	))
=	32.782

	Invested Capital		(Q: Jun. 2017 )
=	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	))
=	78.934	-	7.747	-	( 28.732	-	max(0, 16.603	-	56.776	+	28.732	))
=	42.455

Note: The Operating Income data used here is two times the semi-annual (Jun. 2017) data.

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

BNN Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Jun. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-26.994	/	( ( (0.663 + max(9.51, 0))	+	(0.592 + max(19.167, 0)) )	/	2 )
=	-26.994	/	( ( 10.173	+	19.759 )	/	2 )
=	-26.994	/	14.966
=	-180.37 %

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.094	+	0.005	+	14.673)	-	(4.249	+	0	+	1.013)
=	9.51

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.12	+	0.003	+	27.921)	-	(7.747	+	0	+	1.13)
=	19.167

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2017 )
	=	-25.061	/	100.217
	=	-25.01 %

BNN Technology EBIT Related Terms

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BNN Technology (LSE:BNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » BNN Technology PLC (LSE:BNN) » Definitions » EBIT

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Address

Website

http://www.bnntechnology.com

BNN Technology PLC is a digital content and payment services company from China. The company provides software technology to its client for online payments and on mobile apps. It also engages in the development of digital content for both online and mobile. The organizational business is spread across over 10 provinces in China. BNN also has a joint venture with the Heilongjiang Provincial Sports Bureau (HSB) providing support services to all of HSB's commercial activities. The firm's digital business generates the majority of its revenues.

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