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Smart Equity AG (HAM:SE3) EBIT : €-0.05 Mil (TTM As of Dec. 2023)


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What is Smart Equity AG EBIT?

Smart Equity AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smart Equity AG's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Smart Equity AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -106.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smart Equity AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.00%.

Smart Equity AG EBIT Historical Data

The historical data trend for Smart Equity AG'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.

Smart Equity AG EBIT Chart

Smart Equity AG Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -0.05 0.93 2.92 -1.94 -0.05

Smart Equity AG Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT Get a 7-Day Free Trial -0.05 0.93 2.92 -1.94 -0.05

Competitive Comparison of Smart Equity AG's EBIT

For the Asset Management subindustry, Smart Equity AG'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.

Smart Equity AG's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Smart Equity AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Smart Equity AG's EV-to-EBIT falls into.


Smart Equity AG 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.05 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.

Smart Equity AG  (HAM:SE3) EBIT Explanation

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

Smart Equity AG'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: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=0 * ( 1 - -80.85% )/( (0.284 + 0.327)/ 2 )
=0/0.3055
=0.00 %

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))
=2.676 - 0.685 - ( 2.115 - max(0, 0.886 - 2.593+2.115))
=0.284

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))
=1.901 - 0.041 - ( 1.533 - max(0, 0.195 - 1.822+1.533))
=0.327

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

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

Smart Equity AG'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: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.046/( ( (0 + max(-0.416, 0)) + (0 + max(0.086, 0)) )/ 2 )
=-0.046/( ( 0 + 0.086 )/ 2 )
=-0.046/0.043
=-106.98 %

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)
=(0.469 + 0 + 0.00099999999999989) - (0.685 + 0 + 0.201)
=-0.416

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.281 + 0 + 2.2204460492503E-16) - (0.041 + 0 + 0.154)
=0.086

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Smart Equity AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-0.046/-1.533
=3.00 %

* 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.

Smart Equity AG EBIT Related Terms

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Smart Equity AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Smart Equity AG (HAM:SE3) » Definitions » EBIT
Comparable Companies
BOM:503681 HAM:KMLK BOM:512591 BOM:531515 BOM:505585 BOM:538351 WAR:VCP BOM:532164 BOM:536965 WAR:EVE TSXV:PPK WAR:WIS BOM:535730 TSX:XMF.A TSXV:RII.H WAR:FMG TSXV:PCL.P XCNQ:LLL TSXV:AFC.P ASX:GBA
Traded in Other Exchanges
N/A
Address
Lutticher Strasse 8a, Cologne, DEU, 50674
Website
https://www.smartequityag.de
Smart Equity AG is a Germany-based investment company. It is engaged in Bitcoin mining. It focuses on DLT and digital transformation-related projects.
Executives
Dr. Georg Issels Supervisory Board
Dr. Johannes Blome-drees Board of Directors

Smart Equity AG Headlines

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