Looking Glass Labs (AQSE:NFTX) EBIT : £-1.91 Mil (TTM As of Jan. 2024)

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What is Looking Glass Labs EBIT?

Looking Glass Labs's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was £0.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was £-1.91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Looking Glass Labs's annualized ROC % for the quarter that ended in Jan. 2024 was 71.13%. Looking Glass Labs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 8,106.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Looking Glass Labs's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -41.55%.

Looking Glass Labs EBIT Historical Data

The historical data trend for Looking Glass Labs'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.

Looking Glass Labs EBIT Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

EBIT

-0.04

-0.03

-8.33

-7.21

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial											-3.61	-1.65	-0.77	0.20	0.30

Competitive Comparison of Looking Glass Labs's EBIT

For the Software - Infrastructure subindustry, Looking Glass Labs'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.

Looking Glass Labs's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Looking Glass Labs's EV-to-EBIT distribution charts can be found below:

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

Looking Glass Labs 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was £-1.91 Mil.

Looking Glass Labs (AQSE:NFTX) EBIT Explanation

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

Looking Glass Labs's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	0.956 * ( 1 - 0% )	/	( (1.911	+	0.777)	/ 2 )
=	0.956	/	1.344
=	71.13 %

where

	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	))
=	0.311	-	0.758	-	( 0.04	-	max(0, 2.517	-	0.159	+	0.04	))
=	1.911

	Invested Capital		(Q: Jan. 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	))
=	0.639	-	0.735	-	( 0.423	-	max(0, 1.423	-	0.55	+	0.423	))
=	0.777

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

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

Looking Glass Labs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.216	/	( ( (0.017 + max(-1.549, 0))	+	(0.013 + max(-1.118, 0)) )	/	2 )
=	1.216	/	( ( 0.017	+	0.013 )	/	2 )
=	1.216	/	0.015
=	8,106.67 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.07	+	0	+	0.049)	-	(0.758	+	0.909	+	0.00099999999999989)
=	-1.549

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.071	+	0	+	0.056)	-	(0.735	+	0.51	+	0)
=	-1.118

When net working capital is negative, 0 is used.

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

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

Looking Glass Labs's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	-1.914	/	4.606
	=	-41.55 %

Looking Glass Labs EBIT Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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