Wide Open Agriculture (ASX:WOA) EBIT : A$-11.87 Mil (TTM As of Dec. 2023)

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What is Wide Open Agriculture EBIT?

Wide Open Agriculture's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-4.87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-11.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wide Open Agriculture's annualized ROC % for the quarter that ended in Dec. 2023 was -152.94%. Wide Open Agriculture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -116.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wide Open Agriculture's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -376.26%.

Wide Open Agriculture EBIT Historical Data

The historical data trend for Wide Open Agriculture'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.

Wide Open Agriculture EBIT Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

-2.07

-2.63

-7.88

-10.68

-14.61

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							-5.42	-5.25	-7.60	-7.00	-4.87

Competitive Comparison of Wide Open Agriculture's EBIT

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wide Open Agriculture's EV-to-EBIT distribution charts can be found below:

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

Wide Open Agriculture 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$-11.87 Mil.

Wide Open Agriculture (ASX:WOA) EBIT Explanation

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

Wide Open Agriculture'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 )
=	-15.016 * ( 1 - 0% )	/	( (7.715	+	11.922)	/ 2 )
=	-15.016	/	9.8185
=	-152.94 %

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	))
=	15.399	-	1.812	-	( 5.872	-	max(0, 3.127	-	9.327	+	5.872	))
=	7.715

	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	))
=	18.849	-	2.723	-	( 4.204	-	max(0, 3.894	-	8.666	+	4.204	))
=	11.922

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:

Wide Open Agriculture'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 )
=	-9.738	/	( ( (5.681 + max(1.107, 0))	+	(8.58 + max(1.341, 0)) )	/	2 )
=	-9.738	/	( ( 6.788	+	9.921 )	/	2 )
=	-9.738	/	8.3545
=	-116.56 %

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)
=	(1.269	+	1.953	+	0.382)	-	(1.812	+	0	+	0.685)
=	1.107

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.743	+	2.599	+	1.12)	-	(2.723	+	0	+	0.398)
=	1.341

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:

Wide Open Agriculture's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-11.871	/	3.155
	=	-376.26 %

Wide Open Agriculture EBIT Related Terms

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Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

Wide Open Agriculture (ASX:WOA) Headlines

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