Openn Negotiation (ASX:OPN) EBIT : A$-9.52 Mil (TTM As of Dec. 2023)

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What is Openn Negotiation EBIT?

Openn Negotiation's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-2.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-9.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Openn Negotiation's annualized ROC % for the quarter that ended in Dec. 2023 was -913.87%. Openn Negotiation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,234.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Openn Negotiation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -160.32%.

Openn Negotiation EBIT Historical Data

The historical data trend for Openn Negotiation'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.

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Openn Negotiation EBIT Chart

Openn Negotiation Annual Data

Trend

Jun22

EBIT

-8.03

Openn Negotiation Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-3.26	-4.76	-5.66	-7.46	-2.07

Competitive Comparison of Openn Negotiation's EBIT

For the Real Estate Services subindustry, Openn Negotiation'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.

Openn Negotiation's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Openn Negotiation's EV-to-EBIT distribution charts can be found below:

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

Openn Negotiation 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-9.52 Mil.

Openn Negotiation (ASX:OPN) EBIT Explanation

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

Openn Negotiation's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.788 * ( 1 - 0% )	/	( (0.584	+	0.245)	/ 2 )
=	-3.788	/	0.4145
=	-913.87 %

where

	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	))
=	0.721	-	0.706	-	( 0.124	-	max(0, 0.826	-	0.257	+	0.124	))
=	0.584

	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	))
=	1.278	-	0.402	-	( 0.876	-	max(0, 0.444	-	1.075	+	0.876	))
=	0.245

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

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

Openn Negotiation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.134	/	( ( (0.305 + max(-0.617, 0))	+	(0.065 + max(-0.204, 0)) )	/	2 )
=	-4.134	/	( ( 0.305	+	0.065 )	/	2 )
=	-4.134	/	0.185
=	-2,234.59 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.006	+	0	+	0.083)	-	(0.706	+	0	+	0)
=	-0.617

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.199	+	0	+	0)	-	(0.402	+	0	+	0.001)
=	-0.204

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-9.523	/	5.940
	=	-160.32 %

Openn Negotiation EBIT Related Terms

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Openn Negotiation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Openn Negotiation Ltd (ASX:OPN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Stirling Road, Level 1, PO Box 896, Claremont, WA, AUS, 6910

Website

https://www.openn.com.au

Openn Negotiation Ltd operates a property technology business providing a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. Its revenues are majorly driven by the number of agents certified to use the Openn platform and the number of properties uploaded for sale through the Openn platform each month. Geographically company derives key revenue from Australia and includes The USA.

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