Ajax Resources (LSE:AJAX) EBIT : £-0.27 Mil (TTM As of Aug. 2024)

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What is Ajax Resources EBIT?

Ajax Resources's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was £-0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was £-0.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ajax Resources's annualized ROC % for the quarter that ended in Aug. 2024 was -113.14%. Ajax Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ajax Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -62.19%.

Ajax Resources EBIT Historical Data

The historical data trend for Ajax Resources'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.

Ajax Resources EBIT Chart

Ajax Resources Annual Data

Trend

Feb22

Feb23

Feb24

EBIT

-0.62

-0.30

Ajax Resources Semi-Annual Data
	Aug22	Feb23	Aug23	Feb24	Aug24
EBIT	-0.10	-0.52	-0.12	-0.17	-0.10

Competitive Comparison of Ajax Resources's EBIT

For the Shell Companies subindustry, Ajax Resources'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.

Ajax Resources's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Ajax Resources 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.27 Mil.

Ajax Resources (LSE:AJAX) EBIT Explanation

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

Ajax Resources's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

	ROC % (Q: Aug. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2024 )	+	Invested Capital (Q: Aug. 2024 ))	/ count )
=	-0.198 * ( 1 - 0% )	/	( (0.01	+	0.34)	/ 2 )
=	-0.198	/	0.175
=	-113.14 %

where

	Invested Capital		(Q: Feb. 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	))
=	0.982	-	0.085	-	( 0.974	-	max(0, 0.095	-	0.982	+	0.974	))
=	0.01

	Invested Capital		(Q: Aug. 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	))
=	0.848	-	0.052	-	( 0.456	-	max(0, 0.052	-	0.848	+	0.456	))
=	0.34

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data.

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

Ajax Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2024		Q: Aug. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.198	/	( ( (0 + max(-0.086, 0))	+	(0 + max(-0.032, 0)) )	/	2 )
=	-0.198	/	( ( 0	+	0 )	/	2 )
=	-0.198	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.085	+	0	+	0.001)
=	-0.086

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.019	+	0	+	0.001)	-	(0.052	+	0	+	0)
=	-0.032

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2024 )
	=	-0.273	/	0.439
	=	-62.19 %

Ajax Resources EBIT Related Terms

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Ajax Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ajax Resources PLC (LSE:AJAX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

London Wall, Salisbury House, London, GBR, EC2M 5PS

Website

https://www.ajaxresources.com

Ajax Resources PLC is a special purpose acquisition company formed to raise capital in an initial public offering with the purpose of using the proceeds to acquire one or more unspecified businesses or assets.