Color Star Technology Co (Color Star Technology Co) EBIT : $-37.84 Mil (TTM As of Jun. 2023)

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What is Color Star Technology Co EBIT?

Color Star Technology Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-25.67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-37.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Color Star Technology Co's annualized ROC % for the quarter that ended in Jun. 2023 was -98.48%. Color Star Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -429.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Color Star Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -859.68%.

Color Star Technology Co EBIT Historical Data

The historical data trend for Color Star Technology Co'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.

Color Star Technology Co EBIT Chart

Color Star Technology Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-6.66

-5.16

-9.62

-77.20

-37.84

Color Star Technology Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-4.66	-0.54	-76.67	-12.18	-25.67

Competitive Comparison of Color Star Technology Co's EBIT

For the Entertainment subindustry, Color Star Technology Co'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.

Color Star Technology Co's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Color Star Technology Co's EV-to-EBIT distribution charts can be found below:

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

Color Star Technology Co 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 $-37.84 Mil.

Color Star Technology Co (NAS:ADD) EBIT Explanation

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

Color Star Technology Co'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 )
=	-32.616 * ( 1 - 0% )	/	( (41.764	+	24.477)	/ 2 )
=	-32.616	/	33.1205
=	-98.48 %

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	))
=	47.683	-	4.625	-	( 1.294	-	max(0, 4.625	-	24.8	+	1.294	))
=	41.764

	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	))
=	30.042	-	5.326	-	( 0.239	-	max(0, 5.326	-	16.047	+	0.239	))
=	24.477

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:

Color Star Technology Co'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 )
=	-51.336	/	( ( (0.024 + max(18.881, 0))	+	(0.017 + max(4.982, 0)) )	/	2 )
=	-51.336	/	( ( 18.905	+	4.999 )	/	2 )
=	-51.336	/	11.952
=	-429.52 %

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)
=	(0.627	+	0	+	22.879)	-	(4.625	+	0	+	0)
=	18.881

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	10.308)	-	(5.326	+	0	+	0)
=	4.982

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-37.843	/	4.402
	=	-859.68 %

Color Star Technology Co EBIT Related Terms

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Color Star Technology Co (Color Star Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Color Star Technology Co Ltd (NAS:ADD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2J4A:Germany

Address

80 Broad Street, 5th Floor, New York, NY, USA, 10005

Website

https://www.colorstarinternational.com

Color Star Technology Co Ltd is an entertainment technology and education company providing online and offline music education. The curriculum developed by the company includes music, sports, animation, painting and calligraphy, film and television, and life skills, covering various aspects of entertainment, sports, and culture.