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Magnet Forensics (TSX:MAGT) EBIT : C$7.2 Mil (TTM As of Dec. 2022)


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What is Magnet Forensics EBIT?

Magnet Forensics's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was C$7.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was C$7.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magnet Forensics's annualized ROC % for the quarter that ended in Dec. 2022 was 18.14%. Magnet Forensics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 341.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magnet Forensics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 0.44%.


Magnet Forensics EBIT Historical Data

The historical data trend for Magnet Forensics'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.

Magnet Forensics EBIT Chart

Magnet Forensics Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
-1.44 2.03 16.64 14.70 7.53

Magnet Forensics Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.54 -1.63 -1.91 3.06 7.70

Competitive Comparison of Magnet Forensics's EBIT

For the Software - Application subindustry, Magnet Forensics'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.


Magnet Forensics's EV-to-EBIT Distribution in the Software Industry

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

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



Magnet Forensics 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$7.2 Mil.

* 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.


Magnet Forensics  (TSX:MAGT) EBIT Explanation

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

Magnet Forensics's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=30.8 * ( 1 - 39.93% )/( (100.498 + 103.442)/ 2 )
=18.50156/101.97
=18.14 %

where

Invested Capital(Q: Sep. 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))
=228.534 - 13.364 - ( 163.149 - max(0, 84.301 - 198.973+163.149))
=100.498

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))
=260.351 - 26.617 - ( 199.445 - max(0, 101.181 - 231.473+199.445))
=103.442

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Magnet Forensics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=30.8/( ( (9.189 + max(-48.373, 0)) + (8.875 + max(-67.223, 0)) )/ 2 )
=30.8/( ( 9.189 + 8.875 )/ 2 )
=30.8/9.032
=341.01 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.528 + 0 + 5.519) - (13.364 + 69.056 + 0)
=-48.373

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.932 + 0 + 4.096) - (26.617 + 72.634 + 0)
=-67.223

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

Magnet Forensics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2022 )
=7.217/1636.200
=0.44 %

* 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.


Magnet Forensics EBIT Related Terms

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Magnet Forensics (TSX:MAGT) Business Description

Traded in Other Exchanges
N/A
Address
2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8
Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

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