Auction Technology Group (LSE:ATG) EBIT : £20.9 Mil (TTM As of Mar. 2024)

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What is Auction Technology Group EBIT?

Auction Technology Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was £9.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was £20.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Auction Technology Group's annualized ROC % for the quarter that ended in Mar. 2024 was 5.50%. Auction Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 256.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Auction Technology Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.51%.

Auction Technology Group EBIT Historical Data

The historical data trend for Auction Technology Group'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.

Auction Technology Group EBIT Chart

Auction Technology Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-6.49

-10.72

-10.58

16.63

17.99

Auction Technology Group Semi-Annual Data
	Sep18	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial					6.90	9.73	6.76	11.22	9.66

Competitive Comparison of Auction Technology Group's EBIT

For the Software - Application subindustry, Auction Technology Group'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.

Auction Technology Group's EV-to-EBIT Distribution in the Software Industry

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

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

Auction Technology Group 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £20.9 Mil.

Auction Technology Group (LSE:ATG) EBIT Explanation

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

Auction Technology Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	21.048 * ( 1 - -109.07% )	/	( (730.167	+	869.272)	/ 2 )
=	44.0050536	/	799.7195
=	5.50 %

where

	Invested Capital		(Q: Sep. 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	))
=	726.039	-	12.303	-	( 6.097	-	max(0, 42.965	-	26.534	+	6.097	))
=	730.167

	Invested Capital		(Q: Mar. 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	))
=	871.524	-	14.67	-	( 5.604	-	max(0, 39.381	-	26.963	+	5.604	))
=	869.272

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

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

Auction Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	19.31	/	( ( (3.965 + max(-14.364, 0))	+	(4.407 + max(6.689, 0)) )	/	2 )
=	19.31	/	( ( 3.965	+	11.096 )	/	2 )
=	19.31	/	7.5305
=	256.42 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.598	+	0	+	2.543)	-	(12.303	+	0	+	17.202)
=	-14.364

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.182	+	0	+	1.177)	-	(14.67	+	0	+	0)
=	6.689

When net working capital is negative, 0 is used.

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

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

Auction Technology Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	20.877	/	832.153
	=	2.51 %

Auction Technology Group EBIT Related Terms

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Auction Technology Group (LSE:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (LSE:ATG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ATHGF:USA ATGl:UK 684:Germany

Address

65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR

Website

https://www.auctiontechnologygroup.com

Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

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