AirNet Technology (AirNet Technology) EBIT : $0.44 Mil (TTM As of Dec. 2023)

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What is AirNet Technology EBIT?

AirNet Technology's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $3.81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $0.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AirNet Technology's annualized ROC % for the quarter that ended in Dec. 2023 was -2.11%. AirNet Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 73.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AirNet Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.36%.

AirNet Technology EBIT Historical Data

The historical data trend for AirNet Technology'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.

AirNet Technology EBIT Chart

AirNet Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-32.78

-3.05

-16.20

-5.13

0.44

AirNet Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-9.89	-0.55	-4.58	-3.36	3.81

Competitive Comparison of AirNet Technology's EBIT

For the Advertising Agencies subindustry, AirNet Technology'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.

AirNet Technology's EV-to-EBIT Distribution in the Media - Diversified Industry

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

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

AirNet Technology 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 $0.44 Mil.

AirNet Technology (NAS:ANTE) EBIT Explanation

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

AirNet Technology'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 )
=	-1.826 * ( 1 - 0% )	/	( (86.041	+	86.911)	/ 2 )
=	-1.826	/	86.476
=	-2.11 %

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	))
=	70.581	-	50.968	-	( 0.132	-	max(0, 95.838	-	29.41	+	0.132	))
=	86.041

	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	))
=	72.174	-	39.767	-	( 0.407	-	max(0, 84.419	-	29.915	+	0.407	))
=	86.911

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:

AirNet Technology'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 )
=	7.612	/	( ( (10.455 + max(-56.835, 0))	+	(10.24 + max(-76.969, 0)) )	/	2 )
=	7.612	/	( ( 10.455	+	10.24 )	/	2 )
=	7.612	/	10.3475
=	73.56 %

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)
=	(0.552	+	0	+	28.527)	-	(50.968	+	7.366	+	27.58)
=	-56.835

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.019	+	0	+	7.425)	-	(39.767	+	7.292	+	37.354)
=	-76.969

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.444	/	13.231
	=	3.36 %

AirNet Technology EBIT Related Terms

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AirNet Technology (AirNet Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AirNet Technology Inc (NAS:ANTE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Dongzhimenwai Street, Chaoyang District, Beijing, CHN, 100027

Website

https://ir.airnetgroup.cn

AirNet Technology Inc provides in-flight solutions to connectivity, entertainment, and digital multimedia in China. It offers Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment, and breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. It operates in two operating segments i.e. cryptocurrency mining, and selling advertising time slots on their network, air travel advertising network throughout PRC.