Freedom Internet Group (Freedom Internet Group) EBIT : $-0.24 Mil (TTM As of Jan. 2023)

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What is Freedom Internet Group EBIT?

Freedom Internet Group's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2023 was $-0.04 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2023 was $-0.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freedom Internet Group's annualized ROC % for the quarter that ended in Jan. 2023 was -23.82%. Freedom Internet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was -7,040.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freedom Internet Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was -1.05%.

Freedom Internet Group EBIT Historical Data

The historical data trend for Freedom Internet Group'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.

Freedom Internet Group EBIT Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

EBIT

-0.17

-0.31

-0.29

-0.30

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
EBIT	Get a 7-Day Free Trial									-0.10	-0.08	-0.04	-0.08	-0.04

Competitive Comparison of Freedom Internet Group's EBIT

For the Asset Management subindustry, Freedom Internet Group'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.

Freedom Internet Group's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Freedom Internet Group's EV-to-EBIT distribution charts can be found below:

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

Freedom Internet Group 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 Jan. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.24 Mil.

Freedom Internet Group (OTCPK:FIGI) EBIT Explanation

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

Freedom Internet Group's annualized ROC % for the quarter that ended in Jan. 2023 is calculated as:

	ROC % (Q: Jan. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2022 )	+	Invested Capital (Q: Jan. 2023 ))	/ count )
=	-0.176 * ( 1 - 0% )	/	( (0.742	+	0.736)	/ 2 )
=	-0.176	/	0.739
=	-23.82 %

where

	Invested Capital		(Q: Oct. 2022 )
=	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	))
=	1.069	-	0.014	-	( 0.313	-	max(0, 0.014	-	0.328	+	0.313	))
=	0.742

	Invested Capital		(Q: Jan. 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	))
=	1.034	-	0.022	-	( 0.276	-	max(0, 0.022	-	0.304	+	0.276	))
=	0.736

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

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

Freedom Internet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2022		Q: Jan. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.176	/	( ( (0 + max(1.2143064331838E-17, 0))	+	(0 + max(0.005, 0)) )	/	2 )
=	-0.176	/	( ( 1.2143064331838E-17	+	0.005 )	/	2 )
=	-0.176	/	0.0025
=	-7,040.00 %

where Working Capital is:

	Working Capital		(Q: Oct. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.014)	-	(0.014	+	0	+	0)
=	1.2143064331838E-17

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.027)	-	(0.022	+	0	+	0)
=	0.005

When net working capital is negative, 0 is used.

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

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

Freedom Internet Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2023 )
	=	-0.239	/	22.821
	=	-1.05 %

Freedom Internet Group EBIT Related Terms

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Freedom Internet Group (Freedom Internet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » EBIT

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group (Freedom Internet Group) Headlines

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