AAGR (African Agriculture Holdings) EBIT: $-44.56 Mil (TTM As of Mar. 2024)


What is African Agriculture Holdings EBIT?

African Agriculture Holdings AAGR +9,900.00% EBIT is $-44.56 Mil as of Mar. 2024.

African Agriculture Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-12.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-44.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Agriculture Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -275.20%. African Agriculture Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -557.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Agriculture Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -370.15%.

African Agriculture Holdings  (OTCPK:AAGR) EBIT Explanation

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

African Agriculture Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-50.464 * ( 1 - 0% )/( (18.098 + 18.576)/ 2 )
=-50.464/18.337
=-275.20 %

where

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))
=18.382 - 26.897 - ( 2.788 - max(0, 31.814 - 5.201+2.788))
=18.098

Invested Capital(Q: Mar. 2024 )
=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))
=17.408 - 27.79 - ( 0.067 - max(0, 32.635 - 3.677+0.067))
=18.576

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

African Agriculture Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-50.244/( ( (8.695 + max(-25.548, 0)) + (9.331 + max(-24.192, 0)) )/ 2 )
=-50.244/( ( 8.695 + 9.331 )/ 2 )
=-50.244/9.013
=-557.46 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.011 + 0.264 + 1.074) - (26.897 + 0 + 0)
=-25.548

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.037 + 0.255 + 3.306) - (27.79 + 0 + 0)
=-24.192

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

African Agriculture Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-44.555/12.037
=-370.15 %

* 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.

African Agriculture Holdings EBIT Related Terms

African Agriculture Holdings EBIT Historical Data

* Premium members only.

The historical data trend for African Agriculture Holdings'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.

African Agriculture Holdings EBIT Chart

African Agriculture Holdings Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-2.99 -25.30 -41.40

African Agriculture Holdings Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only -9.40 -9.26 -9.71 -13.03 -12.56

AAGR vs SHMP, AGRI, ADM: EBIT Comparison

For the Farm Products subindustry, African Agriculture Holdings'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.

African Agriculture Holdings EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, African Agriculture Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where African Agriculture Holdings's EV-to-EBIT falls into.


African Agriculture Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44.56 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-44.56 Mil mean?
African Agriculture Holdings (AAGR) has a EBIT of $-44.56 Mil as of Mar. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on African Agriculture Holdings.
Is African Agriculture Holdings' EBIT too high?
African Agriculture Holdings' current EBIT is $-44.56 Mil.
How does African Agriculture Holdings' EBIT compare to SHMP and AGRI?
African Agriculture Holdings' EBIT of $-44.56 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on African Agriculture Holdings. African Agriculture Holdings's current EBIT is $-44.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Agriculture Holdings stock overvalued right now?
African Agriculture Holdings (AAGR) has a current EBIT of $-44.56 Mil. The current EBIT is $-44.56 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For African Agriculture Holdings (AAGR), the current EBIT is $-44.56 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

African Agriculture Holdings Business Description

Address 445 Park Avenue, Ninth Floor, New York, NY, USA, 10022
African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.