Luokung Technology (FRA:78IB) EBIT : €-41.51 Mil (TTM As of Jun. 2023)

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What is Luokung Technology EBIT?

Luokung Technology's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-19.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €-41.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Luokung Technology's annualized ROC % for the quarter that ended in Jun. 2023 was -18.25%. Luokung Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -727.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Luokung Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -443.51%.

Luokung Technology EBIT Historical Data

The historical data trend for Luokung Technology'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.

Luokung Technology EBIT Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-10.35

-28.73

-29.95

-57.95

-47.95

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-20.60	-35.99	-26.08	-21.92	-19.60

Competitive Comparison of Luokung Technology's EBIT

For the Software - Application subindustry, Luokung Technology'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.

Luokung Technology's EV-to-EBIT Distribution in the Software Industry

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

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

Luokung Technology 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-41.51 Mil.

Luokung Technology (FRA:78IB) EBIT Explanation

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

Luokung Technology's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-38.032 * ( 1 - 2.41% )	/	( (230.32	+	176.319)	/ 2 )
=	-37.1154288	/	203.3195
=	-18.25 %

where

	Invested Capital		(Q: Dec. 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	))
=	220.553	-	37.438	-	( 1.194	-	max(0, 89.521	-	42.316	+	1.194	))
=	230.32

	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	))
=	185.671	-	81.609	-	( 0.92	-	max(0, 84.446	-	12.189	+	0.92	))
=	176.319

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Luokung Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-39.192	/	( ( (5.9 + max(1.504, 0))	+	(3.367 + max(-81.434, 0)) )	/	2 )
=	-39.192	/	( ( 7.404	+	3.367 )	/	2 )
=	-39.192	/	5.3855
=	-727.73 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.876	+	0	+	34.017)	-	(37.438	+	1.951	+	1.4210854715202E-14)
=	1.504

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.56	+	0	+	0)	-	(81.609	+	1.385	+	0)
=	-81.434

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-41.513	/	9.360
	=	-443.51 %

Luokung Technology EBIT Related Terms

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Luokung Technology (FRA:78IB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (FRA:78IB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LKCO:USA

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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