AdvancedAdvT (LSE:ADVT) EBIT : £-0.87 Mil (TTM As of Jun. 2023)

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What is AdvancedAdvT EBIT?

AdvancedAdvT's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-0.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AdvancedAdvT's annualized ROC % for the quarter that ended in Jun. 2023 was -8.86%. AdvancedAdvT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1,791.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AdvancedAdvT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -0.64%.

AdvancedAdvT EBIT Historical Data

The historical data trend for AdvancedAdvT'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.

AdvancedAdvT EBIT Chart

AdvancedAdvT Annual Data

Trend

Jun21

Jun22

EBIT

-2.19

-2.80

AdvancedAdvT Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial			-1.98	-0.20	-2.60	-0.14	-0.72

Competitive Comparison of AdvancedAdvT's EBIT

For the Software - Application subindustry, AdvancedAdvT'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.

AdvancedAdvT's EV-to-EBIT Distribution in the Software Industry

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

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

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AdvancedAdvT 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.87 Mil.

AdvancedAdvT (LSE:ADVT) EBIT Explanation

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

AdvancedAdvT's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-1.442 * ( 1 - 0% )	/	( (16.233	+	16.323)	/ 2 )
=	-1.442	/	16.278
=	-8.86 %

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	))
=	105.929	-	0.103	-	( 89.593	-	max(0, 0.179	-	90.17	+	89.593	))
=	16.233

	Invested Capital		(Q: Jun. 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	))
=	106.355	-	0.195	-	( 89.837	-	max(0, 0.653	-	90.704	+	89.837	))
=	16.323

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

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.442	/	( ( (0 + max(0.161, 0))	+	(0 + max(-0.22400000000001, 0)) )	/	2 )
=	-1.442	/	( ( 0.161	+	0 )	/	2 )
=	-1.442	/	0.080500000000002
=	-1,791.30 %

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	+	0	+	0.34)	-	(0.103	+	0	+	0.076)
=	0.161

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.42899999999999)	-	(0.195	+	0	+	0.458)
=	-0.22400000000001

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.865	/	134.638
	=	-0.64 %

AdvancedAdvT EBIT Related Terms

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AdvancedAdvT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AdvancedAdvT Ltd (LSE:ADVT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Buckingham Street, London, GBR, WC2N 6DF

Website

https://www.advancedadvt.com

AdvancedAdvT Ltd is a software solutions provider for the business solutions, healthcare compliance, and human capital management sectors. The software solutions allow organisations to achieve their financial and e-business strategies by driving transformational changes. It provides software solutions and platforms across two business transformational areas namely business solutions & healthcare compliance, and human capital management. The Group's operations are IBSS (financial management software), CHKS (AI-based healthcare intelligence compliance and accreditation software), Retain (global resource planning and talent management software) and WFM (workforce management software provider).

AdvancedAdvT Headlines

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