Banxa Holdings (Banxa Holdings) EBIT : $-4.7 Mil (TTM As of Dec. 2023)

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What is Banxa Holdings EBIT?

Banxa Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Banxa Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -7.90%. Banxa Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -63.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Banxa Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.68%.

Banxa Holdings EBIT Historical Data

The historical data trend for Banxa Holdings'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.

Banxa Holdings EBIT Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

EBIT

-2.57

-4.07

-11.77

-5.20

Banxa Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial												-0.71	0.77	-4.30	-0.96	-0.23

Competitive Comparison of Banxa Holdings's EBIT

For the Information Technology Services subindustry, Banxa Holdings'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.

Banxa Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Banxa Holdings's EV-to-EBIT distribution charts can be found below:

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

Banxa Holdings 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 quarterly data reported by the company within the most recent 12 months, which was $-4.7 Mil.

Banxa Holdings (OTCPK:BNXAF) EBIT Explanation

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

Banxa Holdings'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.68 * ( 1 - -3.45% )	/	( (9.614	+	8.202)	/ 2 )
=	-0.70346	/	8.908
=	-7.90 %

where

	Invested Capital		(Q: Sep. 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	))
=	9.236	-	4.301	-	( 1.138	-	max(0, 11.652	-	6.973	+	1.138	))
=	9.614

	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	))
=	11.195	-	4.454	-	( 1.045	-	max(0, 10.431	-	8.97	+	1.045	))
=	8.202

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Banxa Holdings'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.928	/	( ( (0.475 + max(-0.042, 0))	+	(0.426 + max(2.026, 0)) )	/	2 )
=	-0.928	/	( ( 0.475	+	2.452 )	/	2 )
=	-0.928	/	1.4635
=	-63.41 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.62	+	0.237	+	0.387)	-	(4.301	+	0.51	+	0.475)
=	-0.042

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.927	+	0.214	+	0.368)	-	(4.454	+	0.531	+	0.498)
=	2.026

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Banxa Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-4.721	/	30.108
	=	-15.68 %

Banxa Holdings EBIT Related Terms

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Banxa Holdings (Banxa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (OTCPK:BNXAF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AC00:Germany BNXA:Canada

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.