Oxford Cannabinoid Technologies Holdings (LSE:OCTP) EBIT : £-4.87 Mil (TTM As of Oct. 2023)

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What is Oxford Cannabinoid Technologies Holdings EBIT?

Oxford Cannabinoid Technologies Holdings's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £-2.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £-4.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oxford Cannabinoid Technologies Holdings's annualized ROC % for the quarter that ended in Oct. 2023 was -295.45%. Oxford Cannabinoid Technologies Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -449.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oxford Cannabinoid Technologies Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 491.73%.

Oxford Cannabinoid Technologies Holdings EBIT Historical Data

The historical data trend for Oxford Cannabinoid Technologies 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.

Oxford Cannabinoid Technologies Holdings EBIT Chart

Oxford Cannabinoid Technologies Holdings Annual Data

Trend

May18

May19

May20

May21

Apr23

EBIT

-2.86

-2.33

-3.30

-7.03

Oxford Cannabinoid Technologies Holdings Semi-Annual Data
	May19	Nov19	May20	Nov20	May21	Nov21	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial				-2.48	-2.30	-4.55	-2.49	-2.39

Competitive Comparison of Oxford Cannabinoid Technologies Holdings's EBIT

For the Biotechnology subindustry, Oxford Cannabinoid Technologies 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.

Oxford Cannabinoid Technologies Holdings's EV-to-EBIT Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Oxford Cannabinoid Technologies Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Oxford Cannabinoid Technologies Holdings's EV-to-EBIT falls into.

Oxford Cannabinoid Technologies 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-4.87 Mil.

Oxford Cannabinoid Technologies Holdings (LSE:OCTP) EBIT Explanation

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

Oxford Cannabinoid Technologies Holdings's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-4.788 * ( 1 - 16.14% )	/	( (1.902	+	0.816)	/ 2 )
=	-4.0152168	/	1.359
=	-295.45 %

where

	Invested Capital		(Q: Apr. 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	))
=	4.496	-	0.297	-	( 2.297	-	max(0, 0.584	-	4.488	+	2.297	))
=	1.902

	Invested Capital		(Q: Oct. 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	))
=	2.79	-	0.84	-	( 1.134	-	max(0, 0.84	-	2.79	+	1.134	))
=	0.816

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

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

Oxford Cannabinoid Technologies Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.77	/	( ( (0 + max(1.306, 0))	+	(0 + max(0.816, 0)) )	/	2 )
=	-4.77	/	( ( 1.306	+	0.816 )	/	2 )
=	-4.77	/	1.061
=	-449.58 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.89)	-	(0.297	+	0	+	0.287)
=	1.306

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.656	+	0	+	0)	-	(0.84	+	0	+	0)
=	0.816

When net working capital is negative, 0 is used.

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

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

Oxford Cannabinoid Technologies Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-4.873	/	-0.991
	=	491.73 %

Oxford Cannabinoid Technologies Holdings EBIT Related Terms

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Oxford Cannabinoid Technologies Holdings (LSE:OCTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oxford Cannabinoid Technologies Holdings PLC (LSE:OCTP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0CB:Germany

Address

267 Banbury Road, Prama House, Oxford, GBR, OX2 7HT

Website

https://www.oxcantech.com

Oxford Cannabinoid Technologies Holdings PLC is a pharmaceutical company engaged in cannabinoid drug development. The company uses a drug development that includes proprietary cannabinoid derivatives, natural phytocannabinoids (pCBs), and in-licensed compounds. Its primary market focus is the pain market, and OCT initially aims to develop a portfolio of four drug candidates for approval as licensed pain medicines.

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