ABTS (Abits Group) EBIT : $-9.06 Mil (TTM As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Abits Group EBIT?

Abits Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-9.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abits Group's annualized ROC % for the quarter that ended in Jun. 2024 was 0.02%. Abits Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abits Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -58.06%.

Abits Group EBIT Historical Data

The historical data trend for Abits Group'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.

Abits Group EBIT Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

EBIT

0.30

0.07

-2.87

-21.52

-12.57

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial				-0.92	-20.60	-3.50	-9.06	-

Competitive Comparison of Abits Group's EBIT

For the Capital Markets subindustry, Abits Group'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.

Abits Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's EV-to-EBIT distribution charts can be found below:

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

Abits Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-9.06 Mil.

Abits Group (NAS:ABTS) EBIT Explanation

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

Abits Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0.002 * ( 1 - 0% )	/	( (10.659	+	11.435)	/ 2 )
=	0.002	/	11.047
=	0.02 %

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	))
=	12.318	-	1.006	-	( 0.884	-	max(0, 1.006	-	1.659	+	0.884	))
=	10.659

	Invested Capital		(Q: Jun. 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	))
=	12.202	-	0.921	-	( 0.397	-	max(0, 0.921	-	0.767	+	0.397	))
=	11.435

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Abits Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.002	/	( ( (9.466 + max(-1.005, 0))	+	(9.888 + max(-0.922, 0)) )	/	2 )
=	0.002	/	( ( 9.466	+	9.888 )	/	2 )
=	0.002	/	9.677
=	0.02 %

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	+	0	+	0.0010000000000001)	-	(1.006	+	0	+	0)
=	-1.005

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.001)	-	(0.921	+	0	+	0)
=	-0.922

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Abits Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-9.062	/	15.608
	=	-58.06 %

Abits Group EBIT Related Terms

Thank you for viewing the detailed overview of Abits Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.