Harris Technology Group (ASX:HT8) EBIT : A$-1.85 Mil (TTM As of Dec. 2023)

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What is Harris Technology Group EBIT?

Harris Technology Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-0.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harris Technology Group's annualized ROC % for the quarter that ended in Dec. 2023 was -27.16%. Harris Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -27.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harris Technology Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -47.02%.

Harris Technology Group EBIT Historical Data

The historical data trend for Harris Technology Group'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.

Harris Technology Group EBIT Chart

Harris Technology Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-0.72

1.26

1.19

-1.33

-2.35

Harris Technology Group 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															0.43	-1.76	-1.12	-1.23	-0.62

Competitive Comparison of Harris Technology Group's EBIT

For the Internet Retail subindustry, Harris Technology Group'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.

Harris Technology Group's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harris Technology Group's EV-to-EBIT distribution charts can be found below:

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

Harris Technology Group 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 A$-1.85 Mil.

Harris Technology Group (ASX:HT8) EBIT Explanation

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

Harris Technology Group'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 )
=	-1.26 * ( 1 - 0% )	/	( (5.238	+	4.042)	/ 2 )
=	-1.26	/	4.64
=	-27.16 %

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	))
=	9.728	-	2.724	-	( 1.766	-	max(0, 3.426	-	8.191	+	1.766	))
=	5.238

	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	))
=	8.814	-	3.045	-	( 1.727	-	max(0, 5.035	-	7.36	+	1.727	))
=	4.042

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:

Harris Technology Group'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 )
=	-1.234	/	( ( (1.528 + max(3.616, 0))	+	(1.444 + max(2.459, 0)) )	/	2 )
=	-1.234	/	( ( 5.144	+	3.903 )	/	2 )
=	-1.234	/	4.5235
=	-27.28 %

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)
=	(1.491	+	4.748	+	0.234)	-	(2.724	+	0	+	0.133)
=	3.616

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.4	+	4.004	+	0.229)	-	(3.045	+	0	+	0.129)
=	2.459

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.847	/	3.928
	=	-47.02 %

Harris Technology Group EBIT Related Terms

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Harris Technology Group (ASX:HT8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harris Technology Group Ltd (ASX:HT8) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Abbott Road, Hallam, Melbourne, VIC, AUS, 3803

Website

https://www.ht8.com.au

Harris Technology Group Ltd is engaged in technology distribution and online retailing businesses. The company engages in the online retail of IT products. It also imports and distributes computer accessories comprising peripherals and accessories to resellers and retailers; and distributed audio, video, and multimedia accessories to channel distributors, dealers, and retail chain stores. With E-Commerce systems developed, Harris Technology has the ability to rapidly list a large variety of products across multiple marketplaces efficiently with multiple images, product specifications and item descriptions. Geographically, it operates in Australia.

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