Ashington Innovation (LSE:ASHI) EBIT : £-0.20 Mil (TTM As of Jun. 2024)

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What is Ashington Innovation EBIT?

Ashington Innovation's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ashington Innovation's annualized ROC % for the quarter that ended in Jun. 2024 was -1,154.29%. Ashington Innovation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ashington Innovation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -49.27%.

Ashington Innovation EBIT Historical Data

The historical data trend for Ashington Innovation'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.

Ashington Innovation EBIT Chart

Ashington Innovation Annual Data

Trend

Jul21

EBIT

-0.21

Ashington Innovation Semi-Annual Data
	Jul21	Jul22	Jan23	Jun24
EBIT	-	-	-0.07	-0.20

Competitive Comparison of Ashington Innovation's EBIT

For the Shell Companies subindustry, Ashington Innovation'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.

Ashington Innovation's EV-to-EBIT Distribution in the Diversified Financial Services Industry

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

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

Ashington Innovation 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.20 Mil.

Ashington Innovation (LSE:ASHI) EBIT Explanation

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

Ashington Innovation's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-0.404 * ( 1 - 0% )	/	( (0.07	+	0)	/ 2 )
=	-0.404	/	0.035
=	-1,154.29 %

where

	Invested Capital		(Q: Jan. 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	))
=	0.036	-	0.016	-	( 0.027	-	max(0, 0.086	-	0.036	+	0.027	))
=	0.07

	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	))
=	0.104	-	0.137	-	( 0.062	-	max(0, 0.137	-	0.104	+	0.062	))
=	0

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

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

Ashington Innovation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.404	/	( ( (0 + max(-0.085, 0))	+	(0 + max(-0.095, 0)) )	/	2 )
=	-0.404	/	( ( 0	+	0 )	/	2 )
=	-0.404	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.00099999999999999)	-	(0.016	+	0	+	0.07)
=	-0.085

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.042	+	0	+	-1.3877787807814E-17)	-	(0.137	+	0	+	0)
=	-0.095

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.202	/	0.410
	=	-49.27 %

Ashington Innovation EBIT Related Terms

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Ashington Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ashington Innovation PLC (LSE:ASHI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.ashingtoninnovationplc.com

Ashington Innovation PLC is a Special Purpose Acquisition Company.

Ashington Innovation Headlines

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