Mirriad Advertising (LSE:MIRI) EBIT : £-14.59 Mil (TTM As of Jun. 2023)

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What is Mirriad Advertising EBIT?

Mirriad Advertising's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-7.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-14.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mirriad Advertising's annualized ROC % for the quarter that ended in Jun. 2023 was -723.65%. Mirriad Advertising's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -2,469.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mirriad Advertising's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 619.01%.

Mirriad Advertising EBIT Historical Data

The historical data trend for Mirriad Advertising'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.

Mirriad Advertising EBIT Chart

Mirriad Advertising Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-14.37

-12.13

-9.06

-12.01

-15.57

Mirriad Advertising Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial									-5.94	-6.07	-8.43	-7.14	-7.45

Competitive Comparison of Mirriad Advertising's EBIT

For the Advertising Agencies subindustry, Mirriad Advertising'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.

Mirriad Advertising's EV-to-EBIT Distribution in the Media - Diversified Industry

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

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

Mirriad Advertising 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-14.59 Mil.

Mirriad Advertising (LSE:MIRI) EBIT Explanation

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

Mirriad Advertising's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-15.056 * ( 1 - 3.92% )	/	( (3.109	+	0.889)	/ 2 )
=	-14.4658048	/	1.999
=	-723.65 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	14.771	-	1.061	-	( 11.289	-	max(0, 3.439	-	14.04	+	11.289	))
=	3.109

	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	))
=	12.692	-	2.012	-	( 9.791	-	max(0, 2.317	-	12.125	+	9.791	))
=	0.889

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Mirriad Advertising's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.894	/	( ( (0.544 + max(-0.511, 0))	+	(0.381 + max(0.281, 0)) )	/	2 )
=	-14.894	/	( ( 0.544	+	0.662 )	/	2 )
=	-14.894	/	0.603
=	-2,469.98 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.648	+	0	+	0.958)	-	(1.061	+	0	+	2.056)
=	-0.511

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.512	+	0	+	0.822)	-	(2.012	+	0	+	0.041)
=	0.281

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Mirriad Advertising's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-14.59	/	-2.357
	=	619.01 %

Mirriad Advertising EBIT Related Terms

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Mirriad Advertising (LSE:MIRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirriad Advertising PLC (LSE:MIRI) » Definitions » EBIT

Comparable Companies

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MMDDF:USA 8WQ:Germany

Address

One London Wall, 6th Floor, London, GBR, EC2Y 5EB

Website

https://www.mirriad.com

Mirriad Advertising PLC provides an in-content advertising platform. Its artificial intelligence (AI) based platform is a solution for in-content advertising and virtual product placement. Geographically, it derives the majority of its revenue from the United States and has a presence in the UK, China, and other countries.

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