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Future FinTech Group (Future FinTech Group) EBIT : $-34.40 Mil (TTM As of Dec. 2023)


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What is Future FinTech Group EBIT?

Future FinTech Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-28.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-34.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Future FinTech Group's annualized ROC % for the quarter that ended in Dec. 2023 was -55.43%. Future FinTech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,993.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Future FinTech Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5,685.29%.


Future FinTech Group EBIT Historical Data

The historical data trend for Future FinTech 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.

Future FinTech Group EBIT Chart

Future FinTech Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.59 -29.90 -11.73 -13.49 -34.40

Future FinTech Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only -5.35 -2.22 -1.61 -2.44 -28.13

Competitive Comparison of Future FinTech Group's EBIT

For the Software - Application subindustry, Future FinTech 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.


Future FinTech Group's EV-to-EBIT Distribution in the Software Industry

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

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



Future FinTech 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34.40 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.


Future FinTech Group  (NAS:FTFT) EBIT Explanation

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

Future FinTech Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-18.84 * ( 1 - 0.25% )/( (33.801 + 34.003)/ 2 )
=-18.7929/33.902
=-55.43 %

where

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

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

Future FinTech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-112.524/( ( (5.43 + max(-5.806, 0)) + (5.861 + max(-9.039, 0)) )/ 2 )
=-112.524/( ( 5.43 + 5.861 )/ 2 )
=-112.524/5.6455
=-1,993.16 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.817 + 0 + 2.909) - (3.079 + 7.453 + 0)
=-5.806

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.252 + 0 + 3.838) - (6.947 + 0.306 + 8.876)
=-9.039

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-34.396/-0.605
=5,685.29 %

* 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.


Future FinTech Group EBIT Related Terms

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Future FinTech Group (Future FinTech Group) Business Description

Traded in Other Exchanges
N/A
Address
Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036
Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.
Executives
Ming Yi officer: Chief Financial Officer PUDONG BUILDING, 2ND FLOOR, JUILING AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Yang Liu officer: Chief Operating Officer 59 FREDERICKS ST, WEST ORANGE NJ 07052
Mingjie Zhao director 190-19 50TH AVE, FRESH MEADOWS NY 11365
Shanchun Huang director, officer: Chief Executive Officer PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Hanjun Zheng officer: Interim CFO 23F, CHINA DEVELOPMENT BANK TOWER, NO. 2, GAOXIN 1ST ROAD, XI'AN F4 710075
Zhi Yan director ROOM 03-1102, FL 11, BLDG C,SOHO,SALITUN, WORKERS' STADIUM NORTH RD,CHAOYANG DIST, BEIJING F4 0000000000
Yiliang Li director NO. 1803, BUILDING B, GUOHONG MANSION, MUXIDI, XICHENG DISTRICT, BEIJING F4 10038
Hongke Xue director, officer: Chief Executive Officer 16F, CHINA DEVELOPMENT BANK TOWER, NO 2 GAOXIN 1ST RD, XI'AN F4 710075
V.x. Fortune Capital Ltd 10 percent owner P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Skypeople International Holdings Group Ltd 10 percent owner P.O. BOX 2804, 4TH FLOOR, SCOTIA CENTRE, GEORGE TOWN E9 KY1-1112
Golden Dawn International Ltd 10 percent owner P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Baosheng Lu director ROOM 501, BLOCK 3, BINGJIAO LANE, TIANSHUIJING ROAD, XI'AN, SHAANXI PROVINCE F4 710002
Tao Wang director 32/F, CHINA MERCHANTS TOWER, 118 JIAN GUO ROAD, CHAO YANG DISTRICT, BEIJING F4 100022
Yong Ke Xue director, officer: Chief Executive Officer 16 F, NATIONAL DEVELOPMENT BANK TOWER, GAOXIN 2ND ROAD, XI'AN F4 710075
John W. Smagula director 3036 FANSHAWE ST, PHILADELPHIA PA 19149