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Canna (CNCC) EBIT : $-2.38 Mil (TTM As of Jun. 2019)


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What is Canna EBIT?

Canna's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was $-1.26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $-2.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canna's annualized ROC % for the quarter that ended in Jun. 2019 was -7.77%. Canna's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -680.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canna's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -9,916.67%.

Canna EBIT Historical Data

The historical data trend for Canna'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.

Canna EBIT Chart

Canna Annual Data
Trend Dec15 Dec16 Dec17 Dec18
EBIT
-0.10 - -3.87 7.34

Canna Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -0.57 0.63 -0.67 -1.08 -1.26

Competitive Comparison of Canna's EBIT

For the Software - Application subindustry, Canna'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.

Canna's EV-to-EBIT Distribution in the Software Industry

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

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


Canna 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.38 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.

Canna  (OTCPK:CNCC) EBIT Explanation

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

Canna's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

ROC % (Q: Jun. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2019 ) + Invested Capital (Q: Jun. 2019 ))/ count )
=-0.468 * ( 1 - 0% )/( (5.471 + 6.572)/ 2 )
=-0.468/6.0215
=-7.77 %

where

Invested Capital(Q: Mar. 2019 )
=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))
=1.486 - 0.569 - ( 0.002 - max(0, 4.556 - 0.002+0.002))
=5.471

Invested Capital(Q: Jun. 2019 )
=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))
=1.459 - 0.059 - ( 0.004 - max(0, 6.631 - 1.459+0.004))
=6.572

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

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

Canna's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2019  Q: Jun. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.052/( ( (1.484 + max(-2.385, 0)) + (0 + max(-4.267, 0)) )/ 2 )
=-5.052/( ( 1.484 + 0 )/ 2 )
=-5.052/0.742
=-680.86 %

where Working Capital is:

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.569 + 0.255 + 1.561)
=-2.385

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.455) - (0.059 + 0 + 5.663)
=-4.267

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2019 )
=-2.38/0.024
=-9,916.67 %

* 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.

Canna EBIT Related Terms

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Canna (CNCC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Canna Corp (OTCPK:CNCC) » Definitions » EBIT
Comparable Companies
MRIN ANY PALT NUKK EVOL INLX SSNT DUUO VLDI GRWC CRM XTER:SAP TSX:SHOP INTU NOW UBER TEAM ADSK XPAR:DSY WDAY
Traded in Other Exchanges
N/A
Address
20200 Dixie Highway, Suite 906, Miami, FL, USA, 33180
Website
http://www.miningpowergroup.com
Canna Corp is a holding company. The company is involved in the crypto mining business. It also plans to invest in the development of proprietary crypto mining hardware and software. The company also include the operation of data centers to provide low-cost hosting services to cryptocurrency miners from around the world.