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Abits Group (FRA:9W5) EBIT : €-8.31 Mil (TTM As of Jun. 2024)


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What is Abits Group EBIT?

Abits Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-8.31 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abits Group's annualized ROC % for the quarter that ended in Jun. 2024 was 0.02%. Abits Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abits Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -51.24%.

Abits Group EBIT Historical Data

The historical data trend for Abits 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.

Abits Group EBIT Chart

Abits Group Annual Data
Trend Sep19 Sep20 Dec21 Dec22 Dec23
EBIT
0.27 0.06 -2.54 -20.32 -11.52

Abits Group Semi-Annual Data
Sep19 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only -0.87 -19.45 -3.23 -8.31 -

Competitive Comparison of Abits Group's EBIT

For the Capital Markets subindustry, Abits 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.

Abits Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's EV-to-EBIT distribution charts can be found below:

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


Abits 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-8.31 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.

Abits Group  (FRA:9W5) EBIT Explanation

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

Abits Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=0.002 * ( 1 - 0% )/( (9.775 + 10.623)/ 2 )
=0.002/10.199
=0.02 %

where

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))
=11.296 - 0.923 - ( 0.811 - max(0, 0.923 - 1.521+0.811))
=9.775

Invested Capital(Q: Jun. 2024 )
=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))
=11.336 - 0.856 - ( 0.369 - max(0, 0.856 - 0.713+0.369))
=10.623

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Abits Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.002/( ( (8.68 + max(-0.923, 0)) + (9.186 + max(-0.857, 0)) )/ 2 )
=0.002/( ( 8.68 + 9.186 )/ 2 )
=0.002/8.933
=0.02 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.923 + 0 + 0)
=-0.923

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + -0.001) - (0.856 + 0 + 0)
=-0.857

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-8.31/16.217
=-51.24 %

* 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.

Abits Group EBIT Related Terms

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Abits Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (FRA:9W5) » Definitions » EBIT
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Traded in Other Exchanges
ABTS:USA
Address
30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN
Website
https://www.moxianglobal.com
Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

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