Audio Pixels Holdings (ASX:AKP) EBIT : A$-10.24 Mil (TTM As of Jun. 2023)

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What is Audio Pixels Holdings EBIT?

Audio Pixels Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-5.48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-10.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Audio Pixels Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -107.77%. Audio Pixels Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1,613.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Audio Pixels Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -5.58%.

Audio Pixels Holdings EBIT Historical Data

The historical data trend for Audio Pixels Holdings'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.

Audio Pixels Holdings EBIT Chart

Audio Pixels Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-6.20

-12.08

-3.29

-2.25

-10.24

Audio Pixels Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-1.65	-0.60	-1.64	-5.48	-4.76

Competitive Comparison of Audio Pixels Holdings's EBIT

For the Consumer Electronics subindustry, Audio Pixels Holdings'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.

Audio Pixels Holdings's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Audio Pixels Holdings's EV-to-EBIT distribution charts can be found below:

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

Audio Pixels Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-10.24 Mil.

Audio Pixels Holdings (ASX:AKP) EBIT Explanation

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

Audio Pixels Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-6.606 * ( 1 - 0% )	/	( (6.779	+	5.481)	/ 2 )
=	-6.606	/	6.13
=	-107.77 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	5.313	-	1.49	-	( 1.34	-	max(0, 5.143	-	2.187	+	1.34	))
=	6.779

	Invested Capital		(Q: Jun. 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	))
=	3.867	-	1.472	-	( 2.425	-	max(0, 6.176	-	3.09	+	2.425	))
=	5.481

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

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

Audio Pixels Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.956	/	( ( (0.594 + max(-1.18, 0))	+	(0.764 + max(-1.104, 0)) )	/	2 )
=	-10.956	/	( ( 0.594	+	0.764 )	/	2 )
=	-10.956	/	0.679
=	-1,613.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.587)	-	(1.49	+	0	+	0.277)
=	-1.18

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.078	+	0	+	0.587)	-	(1.472	+	0	+	0.297)
=	-1.104

When net working capital is negative, 0 is used.

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

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

Audio Pixels Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-10.241	/	183.623
	=	-5.58 %

Audio Pixels Holdings EBIT Related Terms

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Audio Pixels Holdings (ASX:AKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audio Pixels Holdings Ltd (ASX:AKP) » Definitions » EBIT

Traded in Other Exchanges

ADPXY:USA GQ8:Germany

Address

75 Elizabeth Street, Suite 3, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.audiopixels.com.au

Audio Pixels Holdings Ltd is engaged in the development of digital speaker's microchip by utilizing the technological platform for reproducing sound. The company operates in Australia and Israel. It operates through the digital speakers segment. The company's MEMS-GEN-II platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube-based monitors to the digital flat panel displays of today.