Grab2Go AS (OTSE:GRB2G) EBIT : € Mil (TTM As of Jun. 2023)

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What is Grab2Go AS EBIT?

Grab2Go AS's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-0.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grab2Go AS's annualized ROC % for the quarter that ended in Jun. 2023 was -46.70%. Grab2Go AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -267.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Grab2Go AS EBIT Historical Data

The historical data trend for Grab2Go AS'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.

Grab2Go AS EBIT Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

EBIT

-0.42

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
EBIT	-0.14	-0.28	-0.21

Competitive Comparison of Grab2Go AS's EBIT

For the Business Equipment & Supplies subindustry, Grab2Go AS'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.

Grab2Go AS's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's EV-to-EBIT falls into.

Grab2Go AS 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was € Mil.

Grab2Go AS (OTSE:GRB2G) EBIT Explanation

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

Grab2Go AS's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.424 * ( 1 - 0% )	/	( (1.049	+	0.767)	/ 2 )
=	-0.424	/	0.908
=	-46.70 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	0.938	-	0	-	( 0.173	-	max(0, 0.358	-	0.247	+	0.173	))
=	1.049

	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	))
=	1.093	-	0.046	-	( 0.28	-	max(0, 0.052	-	0.364	+	0.28	))
=	0.767

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

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

Grab2Go AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.424	/	( ( (0.142 + max(0.016, 0))	+	(0.127 + max(0.032, 0)) )	/	2 )
=	-0.424	/	( ( 0.158	+	0.159 )	/	2 )
=	-0.424	/	0.1585
=	-267.51 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.007	+	0.067	+	0)	-	(0	+	0	+	0.058)
=	0.016

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.005	+	0.067	+	0.012)	-	(0.046	+	0	+	0.006)
=	0.032

When net working capital is negative, 0 is used.

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

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

Grab2Go AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=		/	2.340
	=	%

Grab2Go AS EBIT Related Terms

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Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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