AFC Energy (FRA:QC8) EBIT : €-22.34 Mil (TTM As of Oct. 2023)

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What is AFC Energy EBIT?

AFC Energy's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was €-13.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was €-22.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AFC Energy's annualized ROC % for the quarter that ended in Oct. 2023 was -227.41%. AFC Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -323.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AFC Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -14.73%.

AFC Energy EBIT Historical Data

The historical data trend for AFC Energy'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.

AFC Energy EBIT Chart

AFC Energy Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

EBIT

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-4.12

-5.27

-12.29

-22.38

-22.48

AFC Energy Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															-8.05	-10.22	-12.57	-9.07	-13.28

Competitive Comparison of AFC Energy's EBIT

For the Electrical Equipment & Parts subindustry, AFC Energy'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.

AFC Energy's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AFC Energy's EV-to-EBIT distribution charts can be found below:

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

AFC Energy 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-22.34 Mil.

AFC Energy (FRA:QC8) EBIT Explanation

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

AFC Energy's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-27.362 * ( 1 - 2.78% )	/	( (14.197	+	9.198)	/ 2 )
=	-26.6013364	/	11.6975
=	-227.41 %

where

	Invested Capital		(Q: Apr. 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	))
=	53.048	-	1.671	-	( 37.18	-	max(0, 4.046	-	46.677	+	37.18	))
=	14.197

	Invested Capital		(Q: Oct. 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	))
=	41.799	-	1.554	-	( 31.566	-	max(0, 4.85	-	35.897	+	31.566	))
=	9.198

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

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

AFC Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-26.552	/	( ( (5.801 + max(5.036, 0))	+	(5.598 + max(-0.22, 0)) )	/	2 )
=	-26.552	/	( ( 10.837	+	5.598 )	/	2 )
=	-26.552	/	8.2175
=	-323.12 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.189	+	0.049	+	8.301)	-	(1.671	+	0	+	1.832)
=	5.036

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.123	+	0.205	+	3.752)	-	(1.554	+	0	+	2.746)
=	-0.22

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-22.341	/	151.647
	=	-14.73 %

AFC Energy EBIT Related Terms

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AFC Energy (FRA:QC8) Business Description

Industry

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AFGYF:USA AFC:UK

Address

Unit 71.4 Dunsfold Park, Stovolds Hill, Cranleigh, Surrey, GBR, GU6 8TB

Website

https://www.afcenergy.com

AFC Energy PLC is a provider of hydrogen fuel cell power systems to generate clean energy in support of the energy transition. the Company's scalable systems provide off-grid, zero-emission power that is already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications. it is also working with its partners in the deployment of products for the Maritime, Ports, Data Centers, and Rail industries, emphasizing the central role of its technology in the decarbonization of industry.

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