Butn (ASX:BTN) EBIT : A$-4.23 Mil (TTM As of Jun. 2024)

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What is Butn EBIT?

Butn's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-5.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-4.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Butn's annualized ROC % for the quarter that ended in Jun. 2024 was -12.82%. Butn's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -13.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Butn's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.82%.

Butn EBIT Historical Data

The historical data trend for Butn'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.

Butn EBIT Chart

Butn Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

-2.32

-6.54

0.04

-4.23

Butn Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-2.98	-	0.04	0.92	-5.15

Competitive Comparison of Butn's EBIT

For the Credit Services subindustry, Butn'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.

Butn's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Butn's EV-to-EBIT distribution charts can be found below:

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

Butn 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 A$-4.23 Mil.

Butn (ASX:BTN) EBIT Explanation

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

Butn'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 )
=	-10.552 * ( 1 - 0.82% )	/	( (87.316	+	75.961)	/ 2 )
=	-10.4654736	/	81.6385
=	-12.82 %

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	))
=	95.071	-	2.011	-	( 5.744	-	max(0, 3.567	-	90.561	+	5.744	))
=	87.316

	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	))
=	91.266	-	1.945	-	( 13.36	-	max(0, 71.945	-	88.842	+	13.36	))
=	75.961

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:

Butn'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 )
=	-10.294	/	( ( (0 + max(82.372, 0))	+	(0 + max(75.953, 0)) )	/	2 )
=	-10.294	/	( ( 82.372	+	75.953 )	/	2 )
=	-10.294	/	79.1625
=	-13.00 %

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)
=	(85.538	+	0	+	0.27900000000001)	-	(2.011	+	0.076	+	1.358)
=	82.372

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.197	+	0	+	0.155)	-	(1.945	+	0.72	+	0.73399999999999)
=	75.953

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-4.232	/	87.877
	=	-4.82 %

Butn EBIT Related Terms

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Butn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Butn Ltd (ASX:BTN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

229 Balaclava Road, Suite 12, Caulfield North, Melbourne, VIC, AUS, 3161

Website

https://www.butn.co

Butn Ltd is a B2B funder innovating the way SMEs fund and grow their businesses. It focuses on transactional funding helping businesses through their working capital constraints by financing individual transactions, leveraging end debtor's credit. The company earns revenue by charging a fixed funding fee on each transaction funded. The company has one operating segment, namely transactional funding.

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