HeartCore Enterprises (HeartCore Enterprises) EBIT : $-8.88 Mil (TTM As of Mar. 2024)

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What is HeartCore Enterprises EBIT?

HeartCore Enterprises's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HeartCore Enterprises's annualized ROC % for the quarter that ended in Mar. 2024 was -12.68%. HeartCore Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -186.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HeartCore Enterprises's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -44.67%.

HeartCore Enterprises EBIT Historical Data

The historical data trend for HeartCore Enterprises'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.

HeartCore Enterprises EBIT Chart

HeartCore Enterprises Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-1.27

0.28

0.06

-6.64

-4.85

HeartCore Enterprises Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial											2.51	-1.60	-2.48	-3.28	-1.52

Competitive Comparison of HeartCore Enterprises's EBIT

For the Software - Application subindustry, HeartCore Enterprises'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.

HeartCore Enterprises's EV-to-EBIT Distribution in the Software Industry

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

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

HeartCore Enterprises 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.88 Mil.

HeartCore Enterprises (NAS:HTCR) EBIT Explanation

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

HeartCore Enterprises's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-2.732 * ( 1 - 5.13% )	/	( (18.72	+	22.161)	/ 2 )
=	-2.5918484	/	20.4405
=	-12.68 %

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	))
=	19.624	-	1.921	-	( 1.955	-	max(0, 6.512	-	5.495	+	1.955	))
=	18.72

	Invested Capital		(Q: Mar. 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	))
=	22.33	-	2.166	-	( 1.628	-	max(0, 11.018	-	9.021	+	1.628	))
=	22.161

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

HeartCore Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.088	/	( ( (3.232 + max(-2.194, 0))	+	(3.286 + max(-2.705, 0)) )	/	2 )
=	-6.088	/	( ( 3.232	+	3.286 )	/	2 )
=	-6.088	/	3.259
=	-186.81 %

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)
=	(2.624	+	0	+	0.772)	-	(1.921	+	2.166	+	1.503)
=	-2.194

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.086	+	0	+	4.165)	-	(2.166	+	1.792	+	5.998)
=	-2.705

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

HeartCore Enterprises's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-8.878	/	19.876
	=	-44.67 %

HeartCore Enterprises EBIT Related Terms

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HeartCore Enterprises (HeartCore Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HeartCore Enterprises Inc (NAS:HTCR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-33, Higashigotanda, Shinagawa-ku, Tokyo, JPN

Website

https://www.heartcore.co.jp

HeartCore Enterprises Inc is a software development company. It provides software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years. The customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. It also provides education, services and support to help customers be successful with CXM Platform.

Executives

Keisuke Kuno	officer: CX Division Vice President	2-10-1 HORINOUCHI, HACHIOJI-SHI, TOKYO M0 192-0355
Kimio Hosaka	director, officer: Chief Operating Officer	2-16-2-312 OSHIAGE, SUMIDA-KU, TOKYO M0 131-0045
Sumitaka Yamamoto	director, 10 percent owner, officer: Chairman,CEO & President	848 JORDAN AVE. #G, LOS ALTOS CA 94022
Ferdinand Groenewald	director	C/O MUSCLE MAKER, INC,, 2200 SPACE PARK DRIVE,SUITE 310, HOUSTON TX 77058
Qizhi Gao	officer: Chief Financial Officer	1-8-17-302, SHITTE, TSURUMI-KU, YOKOHAMA-SHI, KANAGAWA M0 230-0003
Hidekazu Miyata	officer: Chief Technical Officer	4-6-6-1106, KONAN, MINATO-KU, TOKYO M0 108-0075
Yuta Katai	director	1-14-604 SUIDOUCHO,SHINJYUKU-KU, TOKYO M0 162-0811
Takeshi Omoto	director	1-16-5 HIG A SHIG A OK A , MEGURO-KU, TOKYO M0 152-0021
Yoshitomo Yamano	director	3-12-22-301, SENDAGAYA, SHIBUYA-KU, TOKYO M0 151-0051
Yuki Tan	director	2-14-8, AZAMINOMINAMI, AOBA-KU, YOKOHAMA-SHI, KANGAWA M0 225-0012