GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (NAS:ARBK) » Definitions » EBIT

ARBK (Argo Blockchain) EBIT : $-37.05 Mil (TTM As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Argo Blockchain EBIT?

Argo Blockchain's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-4.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-37.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argo Blockchain's annualized ROC % for the quarter that ended in Sep. 2024 was -45.17%. Argo Blockchain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -78.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argo Blockchain's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -46.07%.


Argo Blockchain EBIT Historical Data

The historical data trend for Argo Blockchain'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.

Argo Blockchain EBIT Chart

Argo Blockchain Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -1.09 2.18 55.20 -213.32 -23.48

Argo Blockchain Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.13 -4.12 -0.50 -27.60 -4.83

Competitive Comparison of Argo Blockchain's EBIT

For the Capital Markets subindustry, Argo Blockchain'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.


Argo Blockchain's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's EV-to-EBIT distribution charts can be found below:

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



Argo Blockchain 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-37.05 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.


Argo Blockchain  (NAS:ARBK) EBIT Explanation

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

Argo Blockchain's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-14.424 * ( 1 - 0% )/( (38.694 + 25.176)/ 2 )
=-14.424/31.935
=-45.17 %

where

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

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

Argo Blockchain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.336/( ( (26.17 + max(-6.554, 0)) + (23.324 + max(-6.416, 0)) )/ 2 )
=-19.336/( ( 26.17 + 23.324 )/ 2 )
=-19.336/24.747
=-78.13 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.873 + 0 + 1.211) - (2.826 + 0 + 5.812)
=-6.554

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.97 + 0 + 0) - (9.386 + 0 + 1.7763568394003E-15)
=-6.416

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-37.047/80.416
=-46.07 %

* 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.


Argo Blockchain EBIT Related Terms

Thank you for viewing the detailed overview of Argo Blockchain's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Argo Blockchain Business Description

Traded in Other Exchanges
Address
27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH
Argo Blockchain PLC is a data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.