National World (LSE:NWOR) EBIT : £3.30 Mil (TTM As of Dec. 2023)

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What is National World EBIT?

National World's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £1.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £3.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National World's annualized ROC % for the quarter that ended in Dec. 2023 was 39.56%. National World's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 171.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National World's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.48%.

National World EBIT Historical Data

The historical data trend for National World'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.

National World EBIT Chart

National World Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-1.10

2.10

5.40

3.30

National World Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			2.20	4.10	1.30	1.80	1.50

Competitive Comparison of National World's EBIT

For the Internet Content & Information subindustry, National World'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.

National World's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, National World's EV-to-EBIT distribution charts can be found below:

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

National World 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 £3.30 Mil.

National World (LSE:NWOR) EBIT Explanation

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

National World'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 )
=	10.8 * ( 1 - 0% )	/	( (22.4	+	32.2)	/ 2 )
=	10.8	/	27.3
=	39.56 %

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	))
=	55.5	-	18.8	-	( 22.1	-	max(0, 20.9	-	35.2	+	22.1	))
=	22.4

	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	))
=	57.4	-	19.9	-	( 10.7	-	max(0, 21.7	-	27	+	10.7	))
=	32.2

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:

National World'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 )
=	3	/	( ( (1.6 + max(-6.2, 0))	+	(1.9 + max(-4.6, 0)) )	/	2 )
=	3	/	( ( 1.6	+	1.9 )	/	2 )
=	3	/	1.75
=	171.43 %

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)
=	(13	+	0.1	+	0)	-	(18.8	+	0	+	0.5)
=	-6.2

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.3	+	0	+	1)	-	(19.9	+	0	+	1)
=	-4.6

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:

National World's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3.3	/	26.435
	=	12.48 %

National World EBIT Related Terms

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National World (LSE:NWOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » National World PLC (LSE:NWOR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Whitehall Road, No. 1 Leeds, 4th Floor, Leeds, GBR, LS12 1BE

Website

https://www.nationalworldplc.com

National World PLC is a company involved in news publishing, the digital media sector, and associated complementary technologies.

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