JTAI (Jet AI) EBIT : $-12.33 Mil (TTM As of Sep. 2024)

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What is Jet AI EBIT?

Jet AI's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-2.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-12.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jet AI's annualized ROC % for the quarter that ended in Sep. 2024 was -297.34%. Jet AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -920.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jet AI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -266.06%.

Jet AI EBIT Historical Data

The historical data trend for Jet AI'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.

Jet AI EBIT Chart

Jet AI Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-15.97

-7.74

-12.51

Jet AI Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial							-4.27	-3.08	-3.15	-3.22	-2.88

Competitive Comparison of Jet AI's EBIT

For the Software - Application subindustry, Jet AI'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.

Jet AI's EV-to-EBIT Distribution in the Software Industry

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

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

Jet AI 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.33 Mil.

Jet AI (NAS:JTAI) EBIT Explanation

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

Jet AI's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-11.528 * ( 1 - 0% )	/	( (3.854	+	3.9)	/ 2 )
=	-11.528	/	3.877
=	-297.34 %

where

	Invested Capital		(Q: Jun. 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	))
=	4.174	-	4.264	-	( 0.028	-	max(0, 5.881	-	1.937	+	0.028	))
=	3.854

	Invested Capital		(Q: Sep. 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	))
=	3.357	-	4.878	-	( 0.312	-	max(0, 6.607	-	1.186	+	0.312	))
=	3.9

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

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

Jet AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.528	/	( ( (1.319 + max(-3.454, 0))	+	(1.187 + max(-5.211, 0)) )	/	2 )
=	-11.528	/	( ( 1.319	+	1.187 )	/	2 )
=	-11.528	/	1.253
=	-920.03 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.536	+	0	+	1.373)	-	(4.264	+	1.099	+	0)
=	-3.454

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.168	+	0	+	0.706)	-	(4.878	+	1.207	+	0)
=	-5.211

When net working capital is negative, 0 is used.

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

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

Jet AI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-12.329	/	4.634
	=	-266.06 %

Jet AI EBIT Related Terms

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Jet AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jet AI Inc (NAS:JTAI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135

Website

https://www.jettoken.com

Jet AI Inc is principally involved in the sale of jet cards, which enable holders to use certain aircraft owned, leased by, arranged, and/or managed by Jet Token and others at agreed-upon rates, as well as the sale of fractional interests in aircraft; and the operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via Jet Token's leased and managed aircraft.

Executives

Patrick Mcnulty	officer: Chief Operating Officer	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
George Iii Murnane	director, officer: INTERIM CFO	1945 AIRPORT ROAD SUIRE 200, ATLANTA GA 30341
Ehud Talmor	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Ran David	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Michael D. Winston	director, officer: EXEC. CHAIRMAN & INTERIM CEO	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Donald Jeffrey Woods	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
William L Yankus	director	10 PHEASANT HILL, FARMINGTON CT 06032
Allan S. Martin	director	401 EAST JACKSON STREET, SUITE 2370, TAMPA FL 33601
Sanjay Madhu	director, officer: CEO, President and Chairman	425 EAST DAVIS BLVD., TAMPA FL 33606
Wrendon Timothy	director, officer: CFO, Treas., Sec'y & Director	P.O. BOX 469, CAMANA BAY E9 KY1-9006
Oac Sponsor Ltd.	10 percent owner	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Jason Tk Butcher	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006