Ilika (AQSE:IKA.GB) EBIT : £-6.78 Mil (TTM As of Oct. 2023)

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What is Ilika EBIT?

Ilika's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £-2.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £-6.78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ilika's annualized ROC % for the quarter that ended in Oct. 2023 was -52.92%. Ilika's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -92.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ilika's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -20.88%.

Ilika EBIT Historical Data

The historical data trend for Ilika'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.

Ilika EBIT Chart

Ilika Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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-2.67

-3.33

-3.83

-8.11

-8.89

Ilika Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															-3.48	-4.64	-5.02	-3.87	-2.90

Competitive Comparison of Ilika's EBIT

For the Electrical Equipment & Parts subindustry, Ilika'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.

Ilika's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ilika's EV-to-EBIT distribution charts can be found below:

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

Ilika 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-6.78 Mil.

Ilika (AQSE:IKA.GB) EBIT Explanation

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

Ilika's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-6.17 * ( 1 - 11.56% )	/	( (10.611	+	10.013)	/ 2 )
=	-5.456748	/	10.312
=	-52.92 %

where

	Invested Capital		(Q: Apr. 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	))
=	26.911	-	0.426	-	( 15.874	-	max(0, 1.532	-	19.073	+	15.874	))
=	10.611

	Invested Capital		(Q: Oct. 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	))
=	24.417	-	1.168	-	( 13.236	-	max(0, 1.374	-	16.759	+	13.236	))
=	10.013

Note: The Operating Income data used here is two times the semi-annual (Oct. 2023) data.

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

Ilika's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.808	/	( ( (4.895 + max(0.979, 0))	+	(4.299 + max(2.355, 0)) )	/	2 )
=	-5.808	/	( ( 5.874	+	6.654 )	/	2 )
=	-5.808	/	6.264
=	-92.72 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.019	+	0	+	2.231)	-	(0.426	+	0	+	0.845)
=	0.979

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.847	+	0	+	1.676)	-	(1.168	+	0	+	2.2204460492503E-16)
=	2.355

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-6.777	/	32.459
	=	-20.88 %

Ilika EBIT Related Terms

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Ilika (AQSE:IKA.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ilika PLC (AQSE:IKA.GB) » Definitions » EBIT

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Traded in Other Exchanges

ILIKF:USA IKA:UK I8A:Germany

Address

Unit 10a, The Quadrangle, Abbey Park Industrial Estate, Romsey, GBR, SO51 9DL

Website

https://www.ilika.com

Ilika PLC is a pioneer in solid-state battery technology with its innovative Stereax micro batteries designed for Industrial IoT and MedTech markets. It also offers Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide customisable Stereax micro batteries that provide the specific power requirements to IoT or MedTech applications. Stereax battery technology offers compelling advantages over conventional lithium-ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability. Stereax solid state batteries are also customisable in shape and form, stackable and operational at high temperatures.

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