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IHAI (Innovative Holdings Alliance) EBIT : $ Mil (TTM As of Aug. 2023)


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What is Innovative Holdings Alliance EBIT?

Innovative Holdings Alliance's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was $-0.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Innovative Holdings Alliance's annualized ROC % for the quarter that ended in Aug. 2023 was -7.66%. Innovative Holdings Alliance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Innovative Holdings Alliance EBIT Historical Data

The historical data trend for Innovative Holdings Alliance'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.

Innovative Holdings Alliance EBIT Chart

Innovative Holdings Alliance Annual Data
Trend
EBIT

Innovative Holdings Alliance Semi-Annual Data
Aug22 Aug23
EBIT -0.04 -0.03

Competitive Comparison of Innovative Holdings Alliance's EBIT

For the Shell Companies subindustry, Innovative Holdings Alliance'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.

Innovative Holdings Alliance's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Innovative Holdings Alliance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Innovative Holdings Alliance's EV-to-EBIT falls into.


Innovative Holdings Alliance 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 Aug. 2023 was $ 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.

Innovative Holdings Alliance  (OTCPK:IHAI) EBIT Explanation

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

Innovative Holdings Alliance's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

ROC % (Q: Aug. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2022 ) + Invested Capital (Q: Aug. 2023 ))/ count )
=-0.032 * ( 1 - 0% )/( (0 + 0.418)/ 1 )
=-0.032/0.418
=-7.66 %

where

Invested Capital(Q: Aug. 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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Aug. 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))
=0.092 - 0.076 - ( 0.02 - max(0, 0.436 - 0.034+0.02))
=0.418

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

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

Innovative Holdings Alliance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2022  Q: Aug. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.032/( ( (0 + max(0, 0)) + (0 + max(-0.063, 0)) )/ 1 )
=-0.032/( ( 0 + 0 )/ 1 )
=-0.032/0
= %

where Working Capital is:

Working Capital(Q: Aug. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.014) - (0.076 + 0 + 0.001)
=-0.063

When net working capital is negative, 0 is used.

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

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

Innovative Holdings Alliance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2023 )
=/4.735
= %

* 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.

Innovative Holdings Alliance EBIT Related Terms

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Innovative Holdings Alliance Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovative Holdings Alliance Inc (OTCPK:IHAI) » Definitions » EBIT
Comparable Companies
LOGQ INOQ LSMG KATX FCIC ZHUD PLPL BFYW CNHC BDCC CVII AACT ANSC NETD CCIX GPAT ALF IPXX HYAC CUB
Traded in Other Exchanges
N/A
Address
12850 Hwy 9 North, Suite 600-462, Alpharetta, GA, USA, 30004
Website
https://www.innovativeholdingsalliance.com
Innovative Holdings Alliance Inc plans to participate in and acquire interests that are edge in their respective market niches and have expectations of enhancing shareholder value.