Ether Capital (Ether Capital) EBIT : $1.10 Mil (TTM As of Dec. 2023)

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What is Ether Capital EBIT?

Ether Capital's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $0.43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ether Capital's annualized ROC % for the quarter that ended in Dec. 2023 was 1.46%. Ether Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8,620.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ether Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.98%.

Ether Capital EBIT Historical Data

The historical data trend for Ether Capital'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.

Ether Capital EBIT Chart

Ether Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.84

-0.77

-0.40

-0.16

1.10

Ether Capital 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															-0.16	-0.08	0.45	0.31	0.43

Competitive Comparison of Ether Capital's EBIT

For the Asset Management subindustry, Ether Capital'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.

Ether Capital's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ether Capital's EV-to-EBIT distribution charts can be found below:

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

Ether Capital 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 $1.10 Mil.

Ether Capital (OTCPK:DTSRF) EBIT Explanation

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

Ether Capital'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 )
=	1.724 * ( 1 - 22.54% )	/	( (77.953	+	104.619)	/ 2 )
=	1.3354104	/	91.286
=	1.46 %

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	))
=	78.427	-	0.32	-	( 0.338	-	max(0, 0.32	-	0.474	+	0.338	))
=	77.953

	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	))
=	105.295	-	0.502	-	( 0.606	-	max(0, 0.502	-	0.676	+	0.606	))
=	104.619

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

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

Ether Capital'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 )
=	1.724	/	( ( (0.018 + max(-0.184, 0))	+	(0.022 + max(-0.432, 0)) )	/	2 )
=	1.724	/	( ( 0.018	+	0.022 )	/	2 )
=	1.724	/	0.02
=	8,620.00 %

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)
=	(0.137	+	0	+	-0.0010000000000001)	-	(0.32	+	0	+	0)
=	-0.184

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.069	+	0	+	0.001)	-	(0.502	+	0	+	0)
=	-0.432

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:

Ether Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.103	/	112.816
	=	0.98 %

Ether Capital EBIT Related Terms

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Ether Capital (Ether Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ether Capital Corp (OTCPK:DTSRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2KV:Germany ETHC:Canada

Address

130 Adelaide Street West, Suite 3100, 31st Floor, Toronto, ON, CAN, M5H 3P5

Website

https://www.ethcap.co

Ether Capital Corp is a Canada based technology company focused on becoming the central business and investment hub for the Ethereum ecosystem. Its portfolio includes Ether which is the native Ethereum crypto-asset and is the commodity-like fuel used to access the Ethereum network and broadcast transactions; MakerDao which is a decentralized credit platform built on Ethereum in which collateral is leveraged to produce a stable coin; and Wyre which is a cryptocurrency exchange and technology platform based in San Francisco that is focused on building compliant fiat-to-crypto on and off ramps.