Structural Monitoring Systems (ASX:SMN) EBIT : A$-0.22 Mil (TTM As of Jun. 2024)

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What is Structural Monitoring Systems EBIT?

Structural Monitoring Systems's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$0.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-0.22 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Structural Monitoring Systems's annualized ROC % for the quarter that ended in Jun. 2024 was 1.46%. Structural Monitoring Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Structural Monitoring Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.27%.

Structural Monitoring Systems EBIT Historical Data

The historical data trend for Structural Monitoring Systems'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.

Structural Monitoring Systems EBIT Chart

Structural Monitoring Systems Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-2.04

-1.44

-3.91

-2.63

-0.22

Structural Monitoring Systems Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-2.57	-1.64	-0.99	-0.73	0.51

Competitive Comparison of Structural Monitoring Systems's EBIT

For the Scientific & Technical Instruments subindustry, Structural Monitoring Systems'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.

Structural Monitoring Systems's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Structural Monitoring Systems's EV-to-EBIT distribution charts can be found below:

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

Structural Monitoring Systems 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$-0.22 Mil.

Structural Monitoring Systems (ASX:SMN) EBIT Explanation

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

Structural Monitoring Systems'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 )
=	1.146 * ( 1 - 64.93% )	/	( (27.274	+	27.775)	/ 2 )
=	0.4019022	/	27.5245
=	1.46 %

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	))
=	32.19	-	3.417	-	( 1.499	-	max(0, 9.029	-	16.567	+	1.499	))
=	27.274

	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	))
=	32.821	-	3.786	-	( 1.26	-	max(0, 10.601	-	17.756	+	1.26	))
=	27.775

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:

Structural Monitoring Systems'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 )
=	1.026	/	( ( (8.403 + max(11.567, 0))	+	(7.669 + max(11.996, 0)) )	/	2 )
=	1.026	/	( ( 19.97	+	19.665 )	/	2 )
=	1.026	/	19.8175
=	5.18 %

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)
=	(3.006	+	11.623	+	0.439)	-	(3.417	+	0	+	0.084)
=	11.567

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.589	+	13.965	+	-0.626)	-	(3.786	+	0	+	0.146)
=	11.996

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:

Structural Monitoring Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.22	/	81.175
	=	-0.27 %

Structural Monitoring Systems EBIT Related Terms

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Structural Monitoring Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Structural Monitoring Systems PLC (ASX:SMN) » Definitions » EBIT

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Traded in Other Exchanges

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Address

1 Kyle Way, Suite 116, Claremont, Perth, WA, AUS, 6010

Website

https://www.structuralmonitoring.systems

Structural Monitoring Systems PLC, through its subsidiaries, develops and commercializes Comparative Vacuum Monitoring technology. The company operates in the divisions namely CVM IP, Avionics/audio, and CVM. It generates maximum revenue from Avionics/audio segment. It has operations in Canada; USA; Europe and various other countries.