African Equity Empowerment Investments (JSE:AEE) EBIT : R-1,233.4 Mil (TTM As of Aug. 2023)

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What is African Equity Empowerment Investments EBIT?

African Equity Empowerment Investments's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was R-1,075.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was R-1,233.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. African Equity Empowerment Investments's annualized ROC % for the quarter that ended in Aug. 2023 was 0.69%. African Equity Empowerment Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -382.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. African Equity Empowerment Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -263.34%.

African Equity Empowerment Investments EBIT Historical Data

The historical data trend for African Equity Empowerment Investments'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.

African Equity Empowerment Investments EBIT Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

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-2,369.56

135.98

-158.04

-2.00

-1,233.40

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
EBIT	Get a 7-Day Free Trial															-137.65	4.16	-6.15	-157.81	-1,075.58

Competitive Comparison of African Equity Empowerment Investments's EBIT

For the Information Technology Services subindustry, African Equity Empowerment Investments'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.

African Equity Empowerment Investments's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, African Equity Empowerment Investments's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where African Equity Empowerment Investments's EV-to-EBIT falls into.

African Equity Empowerment Investments 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-1,233.4 Mil.

African Equity Empowerment Investments (JSE:AEE) EBIT Explanation

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

African Equity Empowerment Investments'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: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	24.458 * ( 1 - -1.6% )	/	( (5797.541	+	1396.582)	/ 2 )
=	24.849328	/	3597.0615
=	0.69 %

where

	Invested Capital		(Q: Feb. 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	))
=	5510.243	-	105.033	-	( 205.246	-	max(0, 926.821	-	534.49	+	205.246	))
=	5797.541

	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	))
=	1711.962	-	79.643	-	( 235.737	-	max(0, 245.876	-	501.502	+	235.737	))
=	1396.582

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

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

African Equity Empowerment Investments'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: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2151.166	/	( ( (504.493 + max(-595.812, 0))	+	(505.027 + max(113.868, 0)) )	/	2 )
=	-2151.166	/	( ( 504.493	+	618.895 )	/	2 )
=	-2151.166	/	561.694
=	-382.98 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(148.527	+	165.72	+	4.6220000000001)	-	(105.033	+	0	+	809.648)
=	-595.812

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.104	+	149.31	+	37.954)	-	(79.643	+	0	+	49.857)
=	113.868

When net working capital is negative, 0 is used.

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

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

African Equity Empowerment Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	-1233.395	/	468.368
	=	-263.34 %

African Equity Empowerment Investments EBIT Related Terms

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African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.