Tan Delta Systems (LSE:TAND) EBIT : £-0.04 Mil (TTM As of Dec. 2023)

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What is Tan Delta Systems EBIT?

Tan Delta Systems's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tan Delta Systems's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Tan Delta Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tan Delta Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.71%.

Tan Delta Systems EBIT Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems EBIT Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.08

0.01

0.28

-1.10

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-	0.03	0.26	-0.29	-

Competitive Comparison of Tan Delta Systems's EBIT

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's EV-to-EBIT distribution charts can be found below:

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

Tan Delta Systems 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 £-0.04 Mil.

Tan Delta Systems (LSE:TAND) EBIT Explanation

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

Tan Delta Systems'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 )
=	0 * ( 1 - 0% )	/	( (0.726	+	0.582)	/ 2 )
=	0	/	0.654
=	0.00 %

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	))
=	1.147	-	0.42	-	( 0.332	-	max(0, 0.837	-	0.838	+	0.332	))
=	0.726

	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	))
=	5.488	-	0.351	-	( 4.555	-	max(0, 0.493	-	5.195	+	4.555	))
=	0.582

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:

Tan Delta Systems'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 )
=	0	/	( ( (0.168 + max(-0.338, 0))	+	(0.149 + max(0.087000000000001, 0)) )	/	2 )
=	0	/	( ( 0.168	+	0.236 )	/	2 )
=	0	/	0.202
=	0.00 %

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)
=	(0.162	+	0.229	+	0.057)	-	(0.42	+	0	+	0.366)
=	-0.338

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.144	+	0.365	+	0.044)	-	(0.351	+	0	+	0.115)
=	0.087000000000001

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:

Tan Delta Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.037	/	5.247
	=	-0.71 %

Tan Delta Systems EBIT Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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