Airborne Wireless Network (Airborne Wireless Network) EBIT : $-35.85 Mil (TTM As of May. 2019)

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What is Airborne Wireless Network EBIT?

Airborne Wireless Network's earnings before interest and taxes (EBIT) for the three months ended in May. 2019 was $-1.97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2019 was $-35.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Airborne Wireless Network's annualized ROC % for the quarter that ended in May. 2019 was -133.69%. Airborne Wireless Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2019 was -29,796.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Airborne Wireless Network EBIT Historical Data

The historical data trend for Airborne Wireless Network'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.

Airborne Wireless Network EBIT Chart

Airborne Wireless Network Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

EBIT

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-0.02

-0.17

-36.91

-70.17

Airborne Wireless Network Quarterly Data
	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19
EBIT	Get a 7-Day Free Trial															-2.90	-20.37	-9.25	-4.25	-1.97

Competitive Comparison of Airborne Wireless Network's EBIT

For the Telecom Services subindustry, Airborne Wireless Network'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.

Airborne Wireless Network's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Airborne Wireless Network's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Airborne Wireless Network's EV-to-EBIT falls into.

Airborne Wireless Network 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 May. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.85 Mil.

Airborne Wireless Network (OTCPK:ABWN) EBIT Explanation

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

Airborne Wireless Network's annualized ROC % for the quarter that ended in May. 2019 is calculated as:

	ROC % (Q: May. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2019 )	+	Invested Capital (Q: May. 2019 ))	/ count )
=	-7.784 * ( 1 - 0% )	/	( (5.826	+	5.819)	/ 2 )
=	-7.784	/	5.8225
=	-133.69 %

where

	Invested Capital		(Q: Feb. 2019 )
=	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	))
=	0.07	-	8.816	-	( 0.012	-	max(0, 14.614	-	0.042	+	0.012	))
=	5.826

	Invested Capital		(Q: May. 2019 )
=	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	))
=	0.091	-	9.045	-	( 0.012	-	max(0, 14.839	-	0.066	+	0.012	))
=	5.819

Note: The Operating Income data used here is four times the quarterly (May. 2019) data.

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

Airborne Wireless Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2019		Q: May. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.896	/	( ( (0.028 + max(-12.876, 0))	+	(0.025 + max(-13.029, 0)) )	/	2 )
=	-7.896	/	( ( 0.028	+	0.025 )	/	2 )
=	-7.896	/	0.0265
=	-29,796.23 %

where Working Capital is:

	Working Capital		(Q: Feb. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(8.816	+	0	+	4.09)
=	-12.876

	Working Capital		(Q: May. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.054)	-	(9.045	+	0	+	4.038)
=	-13.029

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2019) EBIT data.

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

Airborne Wireless Network's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2019 )
	=	-35.848	/	0.000
	=	%

Airborne Wireless Network EBIT Related Terms

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Airborne Wireless Network (Airborne Wireless Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Airborne Wireless Network (OTCPK:ABWN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4115 Guardian Street, Suite C, Simi Valley, CA, USA, 93063

Website

http://www.airbornewirelessnetwork.com

Airborne Wireless Network is an early-stage company with the principal business strategy of developing, marketing and licensing a fully meshed, high-speed broadband airborne wireless network by linking aircraft in flight.