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Future FinTech Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-4.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-39.01 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 Sep. 2024 was -49.79%. Future FinTech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -158.44%.
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 Sep. 2024 was 2,513.66%.
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.
Future FinTech Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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-10.59 | -29.90 | -11.73 | -13.49 | -34.40 |
Future FinTech Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial |
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-2.38 | -28.40 | -3.95 | -1.78 | -4.89 |
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.
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.
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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.01 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 Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | -21.24 * ( 1 - 0% ) | / | ( (43.113 | + | 42.2) | / 2 ) |
= | -21.24 | / | 42.6565 | |||
= | -49.79 % |
where
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 | )) |
= | 58.298 | - | 5.36 | - | ( 9.825 | - | max(0, 17.731 | - | 51.21 | + | 9.825 | )) |
= | 43.113 |
Invested Capital | (Q: Sep. 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 | )) |
= | 53.4 | - | 4.681 | - | ( 6.519 | - | max(0, 16.848 | - | 45.141 | + | 6.519 | )) |
= | 42.2 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Future FinTech Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -19.544 | / | ( ( (5.826 + max(7.361, 0)) | + | (5.885 + max(5.598, 0)) ) | / | 2 ) |
= | -19.544 | / | ( ( 13.187 | + | 11.483 ) | / | 2 ) |
= | -19.544 | / | 12.335 | ||||
= | -158.44 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (3.031 | + | 0 | + | 20.518) | - | (5.36 | + | 0.229 | + | 10.599) |
= | 7.361 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1.721 | + | 0 | + | 19.211) | - | (4.681 | + | 0.054 | + | 10.599) |
= | 5.598 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) 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: Sep. 2024 ) |
= | -39.012 | / | -1.552 | |
= | 2,513.66 % |
* 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.
Thank you for viewing the detailed overview of Future FinTech Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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