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BLOZF (Cannabix Technologies) EBIT : $-2.73 Mil (TTM As of Jul. 2024)


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What is Cannabix Technologies EBIT?

Cannabix Technologies's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2024 was $-0.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was $-2.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cannabix Technologies's annualized ROC % for the quarter that ended in Jul. 2024 was -1,130.20%. Cannabix Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -1,505.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cannabix Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -11.12%.


Cannabix Technologies EBIT Historical Data

The historical data trend for Cannabix Technologies'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.

Cannabix Technologies EBIT Chart

Cannabix Technologies Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.27 -7.45 -2.67 -1.56 -2.27

Cannabix Technologies Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.43 -0.72 -0.36 -0.74 -0.91

Competitive Comparison of Cannabix Technologies's EBIT

For the Medical Devices subindustry, Cannabix Technologies'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.


Cannabix Technologies's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cannabix Technologies's EV-to-EBIT distribution charts can be found below:

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



Cannabix Technologies 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.73 Mil.

* 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.


Cannabix Technologies  (OTCPK:BLOZF) EBIT Explanation

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

Cannabix Technologies's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-3.724 * ( 1 - 0% )/( (0.347 + 0.312)/ 2 )
=-3.724/0.3295
=-1,130.20 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2024) data.

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

Cannabix Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.636/( ( (0.244 + max(0.007, 0)) + (0.224 + max(0.0080000000000001, 0)) )/ 2 )
=-3.636/( ( 0.251 + 0.232 )/ 2 )
=-3.636/0.2415
=-1,505.59 %

where Working Capital is:

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.035 + 0 + 0.04) - (0.068 + 0 + 0)
=0.007

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.026 + 0 + 0.051) - (0.069 + 0 + 0)
=0.0080000000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2024 )
=-2.733/24.585
=-11.12 %

* 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.


Cannabix Technologies EBIT Related Terms

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Cannabix Technologies Business Description

Traded in Other Exchanges
Address
3292 Production Way, Suite 501, Burnaby, BC, CAN, V5A 4R4
Cannabix Technologies Inc development of the Cannabix marijuana breathalyzer. It is a developer of marijuana and alcohol breathalyzer technologies for law enforcement, workplaces, and laboratories. Its technology includes the THC Breathalyzer System, Breath Logix Alcohol Breathalyzer, and Breath Logix Vehicle.