ABVEF (Above Food Ingredients) EBIT: $-41.2 Mil (TTM As of Jul. 2024)

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ABVEF Above Food Ingredients Inc ABVEF
16 GF Score
Price $0.09
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What is Above Food Ingredients EBIT?

Above Food Ingredients ABVEF -0.06% 16 EBIT is $-41.2 Mil as of Jul. 2024. GuruFocus rates ABVEF with a GF Score™ of 16/100.

Above Food Ingredients's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2024 was $-23.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was $-41.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Above Food Ingredients's annualized ROC % for the quarter that ended in Jul. 2024 was -27.18%. Above Food Ingredients's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -99.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Above Food Ingredients's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -41.82%.


Above Food Ingredients  (OTCPK:ABVEF) EBIT Explanation

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

Above Food Ingredients's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-35.656 * ( 1 - 0% )/( (126.785 + 135.558)/ 2 )
=-35.656/131.1715
=-27.18 %

where

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

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

Above Food Ingredients's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-47.192/( ( (48.832 + max(-4.157, 0)) + (46.505 + max(-40.528, 0)) )/ 2 )
=-47.192/( ( 48.832 + 46.505 )/ 2 )
=-47.192/47.6685
=-99.00 %

where Working Capital is:

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.901 + 19.376 + 12.498) - (44.043 + 6.464 + 3.425)
=-4.157

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.185 + 6.445 + 12.566) - (39.526 + 8.758 + 19.44)
=-40.528

When net working capital is negative, 0 is used.

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

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

Above Food Ingredients's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2024 )
=-41.151/98.412
=-41.82 %

* 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.


Above Food Ingredients EBIT Related Terms


Above Food Ingredients EBIT Historical Data

* Premium members only.

The historical data trend for Above Food Ingredients'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.

Above Food Ingredients EBIT Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
EBIT
-3.00 -29.35 -31.18

Above Food Ingredients Semi-Annual Data
Jan22 Jan23 Jul23 Jan24 Jul24
EBIT 0.00 0.00 -13.85 -17.56 -23.60

ABVEF vs CTGL, NATR, BHST: EBIT Comparison

For the Packaged Foods subindustry, Above Food Ingredients'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.


Above Food Ingredients EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Above Food Ingredients's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Above Food Ingredients's EV-to-EBIT falls into.


ABVEF
16GF Score
Above Food Ingredients Inc ABVEF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Above Food Ingredients 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-41.2 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-41.2 Mil mean?
Above Food Ingredients (ABVEF) has a EBIT of $-41.2 Mil as of Jul. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Above Food Ingredients.
Is Above Food Ingredients' EBIT too high?
Above Food Ingredients' current EBIT is $-41.2 Mil. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' EBIT compare to CTGL and NATR?
Above Food Ingredients' EBIT of $-41.2 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 Above Food Ingredients. Above Food Ingredients's current EBIT is $-41.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current EBIT of $-41.2 Mil. The current EBIT is $-41.2 Mil. Above Food Ingredients' overall GF Score™ is 16/100. 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 Above Food Ingredients (ABVEF), the current EBIT is $-41.2 Mil as of Jul. 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.

Above Food Ingredients Business Description

Address 2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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