Akoustis Technologies (Akoustis Technologies) EBIT : $-69.50 Mil (TTM As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Akoustis Technologies EBIT?

Akoustis Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-15.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-69.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Akoustis Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -68.40%. Akoustis Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -102.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Akoustis Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -81.60%.

Akoustis Technologies EBIT Historical Data

The historical data trend for Akoustis Technologies'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.

Akoustis Technologies EBIT Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-27.57

-32.04

-39.03

-60.95

-63.68

Akoustis Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-12.89	-17.28	-15.54	-21.65	-15.02

Competitive Comparison of Akoustis Technologies's EBIT

For the Communication Equipment subindustry, Akoustis Technologies'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.

Akoustis Technologies's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Akoustis Technologies's EV-to-EBIT distribution charts can be found below:

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

Akoustis Technologies 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 quarterly data reported by the company within the most recent 12 months, which was $-69.50 Mil.

Akoustis Technologies (NAS:AKTS) EBIT Explanation

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

Akoustis Technologies'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-60.096 * ( 1 - -0.01% )	/	( (89.336	+	86.399)	/ 2 )
=	-60.1020096	/	87.8675
=	-68.40 %

where

	Invested Capital		(Q: Sep. 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	))
=	127.147	-	15.124	-	( 25.787	-	max(0, 15.896	-	38.583	+	25.787	))
=	89.336

	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	))
=	111.883	-	13.748	-	( 12.875	-	max(0, 14.282	-	26.018	+	12.875	))
=	86.399

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Akoustis Technologies'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-60.096	/	( ( (59.401 + max(-2.64, 0))	+	(57.356 + max(-0.661, 0)) )	/	2 )
=	-60.096	/	( ( 59.401	+	57.356 )	/	2 )
=	-60.096	/	58.3785
=	-102.94 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.942	+	6.182	+	2.672)	-	(15.124	+	0.312	+	0)
=	-2.64

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.808	+	5.476	+	2.859)	-	(13.748	+	0.056	+	1.7763568394003E-15)
=	-0.661

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-69.502	/	85.175
	=	-81.60 %

Akoustis Technologies EBIT Related Terms

Thank you for viewing the detailed overview of Akoustis Technologies's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Akoustis Technologies (Akoustis Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (NAS:AKTS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AVH:Germany AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

Executives

David Aichele	officer: VP of Business Development	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Kenneth Boller	officer: Interim CFO	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Michelle Petock	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Jeffrey B. Shealy	director, 10 percent owner, officer: Chief Executive Officer	9805 NORTHCROSS CENTER CT, SUITE A, HUNTERSVILLE NC 28078
James Michael Mcguire	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Suzanne B Rudy	director	7628 THORNDIKE RD, GREENSBORO NC 27409
Arthur Geiss	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Rohan Houlden	officer: Chief Product Officer	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 27078
Jeffrey Mcmahon	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Jerry D Neal	director
Steven P Miller	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
John T Kurtzweil	director	C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Mark N. Tompkins	10 percent owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Mark Boomgarden	officer: Vice President of Operations	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078