The GO2 People (ASX:GO2) EBIT : A$-3.57 Mil (TTM As of Dec. 2022)

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What is The GO2 People EBIT?

The GO2 People's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was A$-1.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was A$-3.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The GO2 People's annualized ROC % for the quarter that ended in Dec. 2022 was -10.45%. The GO2 People's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -63.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The GO2 People's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -33.42%.

The GO2 People EBIT Historical Data

The historical data trend for The GO2 People'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.

The GO2 People EBIT Chart

The GO2 People Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

EBIT

-1.26

-2.50

-1.51

-2.39

-4.53

The GO2 People Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
EBIT	Get a 7-Day Free Trial						0.03	-2.41	-2.40	-2.12	-1.45

Competitive Comparison of The GO2 People's EBIT

For the Staffing & Employment Services subindustry, The GO2 People'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.

The GO2 People's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The GO2 People's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The GO2 People's EV-to-EBIT falls into.

The GO2 People 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.57 Mil.

The GO2 People (ASX:GO2) EBIT Explanation

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

The GO2 People's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-2.952 * ( 1 - 0% )	/	( (31.779	+	24.72)	/ 2 )
=	-2.952	/	28.2495
=	-10.45 %

where

	Invested Capital		(Q: Jun. 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	))
=	29.731	-	9.45	-	( 2.529	-	max(0, 24.419	-	12.921	+	2.529	))
=	31.779

	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	))
=	25.36	-	7.087	-	( 0.886	-	max(0, 15.599	-	9.152	+	0.886	))
=	24.72

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

The GO2 People's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.896	/	( ( (4.748 + max(-11.8, 0))	+	(4.385 + max(-4.393, 0)) )	/	2 )
=	-2.896	/	( ( 4.748	+	4.385 )	/	2 )
=	-2.896	/	4.5665
=	-63.42 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.849	+	0	+	0.346)	-	(9.45	+	1.824	+	9.721)
=	-11.8

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.391	+	0	+	0.875)	-	(7.087	+	0.887	+	4.685)
=	-4.393

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

The GO2 People's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	-3.571	/	10.684
	=	-33.42 %

The GO2 People EBIT Related Terms

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The GO2 People (ASX:GO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GO2 People Ltd (ASX:GO2) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/271 Berkshire Road, Forrestfield, Perth, WA, AUS, 6058

Website

https://www.thego2people.com.au

The GO2 People Ltd is one of the providers of vertically integrated recruitment and building services to industries throughout Australia. The company derives a majority of its revenue from Recruitment income.

The GO2 People (ASX:GO2) Headlines

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