Gryphon Digital Mining (Gryphon Digital Mining) EBIT : $ Mil (TTM As of Dec. 2023)

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What is Gryphon Digital Mining EBIT?

Gryphon Digital Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-7.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gryphon Digital Mining's annualized ROC % for the quarter that ended in Dec. 2023 was -44.19%. Gryphon Digital Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13,837.04%.

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

Gryphon Digital Mining EBIT Historical Data

The historical data trend for Gryphon Digital Mining'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.

Gryphon Digital Mining EBIT Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-21.34

-46.13

-7.47

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
EBIT	-21.34	-46.13	-7.47

Competitive Comparison of Gryphon Digital Mining's EBIT

For the Capital Markets subindustry, Gryphon Digital Mining'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.

Gryphon Digital Mining's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gryphon Digital Mining's EV-to-EBIT falls into.

Gryphon Digital Mining 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 Dec. 2023 was $ Mil.

Gryphon Digital Mining (OTCPK:KERNW) EBIT Explanation

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

Gryphon Digital Mining's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-6.899 * ( 1 - 0% )	/	( (25.255	+	5.968)	/ 2 )
=	-6.899	/	15.6115
=	-44.19 %

where

	Invested Capital		(Q: Dec. 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	))
=	19.468	-	5.963	-	( 0.878	-	max(0, 22.508	-	10.758	+	0.878	))
=	25.255

	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	))
=	1.358	-	4.423	-	( 0.768	-	max(0, 10.369	-	1.336	+	0.768	))
=	5.968

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

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

Gryphon Digital Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.472	/	( ( (0.049 + max(0.036999999999999, 0))	+	(0.022 + max(-5.022, 0)) )	/	2 )
=	-7.472	/	( ( 0.085999999999999	+	0.022 )	/	2 )
=	-7.472	/	0.054
=	-13,837.04 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.43	+	0	+	8.915)	-	(5.963	+	0.569	+	2.776)
=	0.036999999999999

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.148	+	0	+	0.05)	-	(4.423	+	0.4	+	0.397)
=	-5.022

When net working capital is negative, 0 is used.

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

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

Gryphon Digital Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	0.000
	=	%

Gryphon Digital Mining EBIT Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (OTCPK:KERNW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GRYP:USA

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).