Arax Holdings (Arax Holdings) EBIT : $0.01 Mil (TTM As of Oct. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Arax Holdings EBIT?

Arax Holdings's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was $3.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $0.01 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arax Holdings's annualized ROC % for the quarter that ended in Oct. 2023 was 105.66%. Arax Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 1,324,400.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arax Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 0.01%.

Arax Holdings EBIT Historical Data

The historical data trend for Arax Holdings'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.

Arax Holdings EBIT Chart

Arax Holdings Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct20

Oct21

Oct22

Oct23

EBIT

Get a 7-Day Free Trial

-0.16

-0.13

-0.15

0.01

Arax Holdings Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial															-0.10	0.02	-0.98	-2.34	3.31

Competitive Comparison of Arax Holdings's EBIT

For the Software - Infrastructure subindustry, Arax Holdings'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.

Arax Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Arax Holdings's EV-to-EBIT distribution charts can be found below:

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

Arax Holdings 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 Mil.

Arax Holdings (OTCPK:ARAT) EBIT Explanation

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

Arax Holdings's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	13.244 * ( 1 - 0% )	/	( (19.498	+	5.572)	/ 2 )
=	13.244	/	12.535
=	105.66 %

where

	Invested Capital		(Q: Jul. 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	))
=	19.629	-	0.229	-	( 0	-	max(0, 0.229	-	0.131	+	0	))
=	19.498

	Invested Capital		(Q: Oct. 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	))
=	7.148	-	0.158	-	( 1.449	-	max(0, 0.258	-	1.676	+	1.449	))
=	5.572

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

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

Arax Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.244	/	( ( (0 + max(-0.098, 0))	+	(0.002 + max(-0.031, 0)) )	/	2 )
=	13.244	/	( ( 0	+	0.002 )	/	2 )
=	13.244	/	0.001
=	1,324,400.00 %

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.131)	-	(0.229	+	0	+	0)
=	-0.098

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.227	+	0	+	-2.2204460492503E-16)	-	(0.158	+	0	+	0.1)
=	-0.031

When net working capital is negative, 0 is used.

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

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

Arax Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	0.0090000000000003	/	110.843
	=	0.01 %

Arax Holdings EBIT Related Terms

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

Arax Holdings (Arax Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arax Holdings Corp (OTCPK:ARAT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 North Gould Street, Sheridan, WY, USA, 82801

Website

https://www.arax.cc

Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

Arax Holdings (Arax Holdings) Headlines

No Headlines