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iGen Networks (iGen Networks) EBIT : $-1.12 Mil (TTM As of Sep. 2023)


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What is iGen Networks EBIT?

iGen Networks's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. iGen Networks's annualized ROC % for the quarter that ended in Sep. 2023 was -34.88%. iGen Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. iGen Networks's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -62.52%.


iGen Networks EBIT Historical Data

The historical data trend for iGen Networks'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.

iGen Networks EBIT Chart

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.00 -0.26 -2.26 -3.27 -0.72

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.33 -0.30 -0.07 -0.61 -0.13

Competitive Comparison of iGen Networks's EBIT

For the Software - Application subindustry, iGen Networks'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.


iGen Networks's EV-to-EBIT Distribution in the Software Industry

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

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



iGen Networks 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.12 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.


iGen Networks  (OTCPK:IGEN) EBIT Explanation

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

iGen Networks's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-0.3 * ( 1 - 0% )/( (0.84 + 0.88)/ 2 )
=-0.3/0.86
=-34.88 %

where

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

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

iGen Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.528/( ( (0 + max(-0.425, 0)) + (0 + max(-0.436, 0)) )/ 2 )
=-0.528/( ( 0 + 0 )/ 2 )
=-0.528/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.034 + 0) - (0.33 + 0.072 + 0.057)
=-0.425

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.033 + 0) - (0.368 + 0.063 + 0.038)
=-0.436

When net working capital is negative, 0 is used.

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

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

iGen Networks's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-1.116/1.785
=-62.52 %

* 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.


iGen Networks EBIT Related Terms

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iGen Networks (iGen Networks) Business Description

Traded in Other Exchanges
N/A
Address
31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.
Executives
Neil Gene Chan director, officer: CEO 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman director, 10 percent owner 510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr officer: VP/GM 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon director 119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman director, officer: COO 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson director, officer: Chief Financial Officer 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade director 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby director, officer: President 5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman director, officer: CFO 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1