T42 IoT Tracking Solutions (AQSE:TRAC) EBIT : £0.07 Mil (TTM As of Jun. 2024)

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What is T42 IoT Tracking Solutions EBIT?

T42 IoT Tracking Solutions's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £0.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. T42 IoT Tracking Solutions's annualized ROC % for the quarter that ended in Jun. 2024 was -9.66%. T42 IoT Tracking Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -110.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. T42 IoT Tracking Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.38%.

T42 IoT Tracking Solutions EBIT Historical Data

The historical data trend for T42 IoT Tracking Solutions'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.

T42 IoT Tracking Solutions EBIT Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.74

-1.46

-2.11

-0.50

0.32

T42 IoT Tracking Solutions Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.14	-0.36	-0.46	0.79	-0.71

Competitive Comparison of T42 IoT Tracking Solutions's EBIT

For the Scientific & Technical Instruments subindustry, T42 IoT Tracking Solutions'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.

T42 IoT Tracking Solutions's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, T42 IoT Tracking Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where T42 IoT Tracking Solutions's EV-to-EBIT falls into.

T42 IoT Tracking Solutions 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 £0.07 Mil.

T42 IoT Tracking Solutions (AQSE:TRAC) EBIT Explanation

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

T42 IoT Tracking Solutions'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 )
=	-0.44 * ( 1 - 0% )	/	( (3.888	+	5.221)	/ 2 )
=	-0.44	/	4.5545
=	-9.66 %

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	))
=	3.948	-	1.251	-	( 0.147	-	max(0, 3.228	-	2.037	+	0.147	))
=	3.888

	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	))
=	3.862	-	1.84	-	( 0.112	-	max(0, 5.019	-	1.82	+	0.112	))
=	5.221

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:

T42 IoT Tracking Solutions'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 )
=	-1.428	/	( ( (1.158 + max(0.267, 0))	+	(1.151 + max(-0.294, 0)) )	/	2 )
=	-1.428	/	( ( 1.425	+	1.151 )	/	2 )
=	-1.428	/	1.288
=	-110.87 %

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)
=	(0.705	+	1.137	+	0.027)	-	(1.251	+	0	+	0.351)
=	0.267

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.623	+	1.001	+	2.2204460492503E-16)	-	(1.84	+	0	+	0.078)
=	-0.294

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:

T42 IoT Tracking Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	0.072	/	5.226
	=	1.38 %

T42 IoT Tracking Solutions EBIT Related Terms

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T42 IoT Tracking Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (AQSE:TRAC) » Definitions » EBIT

Comparable Companies

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TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.