Fiinu (LSE:BANK) EBIT : £-4.10 Mil (TTM As of Jun. 2024)

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What is Fiinu EBIT?

Fiinu's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-4.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fiinu's annualized ROC % for the quarter that ended in Jun. 2024 was -329.66%. Fiinu'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. Fiinu's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -20.35%.

Fiinu EBIT Historical Data

The historical data trend for Fiinu'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.

Fiinu EBIT Chart

Fiinu Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

EBIT

-0.29

-0.69

-1.19

-8.21

-8.26

Fiinu Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial					-0.98	-7.22	-4.40	-3.86	-0.24

Competitive Comparison of Fiinu's EBIT

For the Credit Services subindustry, Fiinu'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.

Fiinu's EV-to-EBIT Distribution in the Credit Services Industry

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

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

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Fiinu 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 £-4.10 Mil.

Fiinu (LSE:BANK) EBIT Explanation

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

Fiinu'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: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-0.478 * ( 1 - 0% )	/	( (0.266	+	0.024)	/ 2 )
=	-0.478	/	0.145
=	-329.66 %

where

	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	))
=	1.547	-	0.456	-	( 1.311	-	max(0, 0.722	-	1.547	+	1.311	))
=	0.266

	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	))
=	0.756	-	0.144	-	( 0.691	-	max(0, 0.168	-	0.756	+	0.691	))
=	0.024

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:

Fiinu'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: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.478	/	( ( (0 + max(-0.384, 0))	+	(0 + max(-0.079, 0)) )	/	2 )
=	-0.478	/	( ( 0	+	0 )	/	2 )
=	-0.478	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.237	+	0	+	0.043)	-	(0.456	+	0	+	0.208)
=	-0.384

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.064	+	0	+	0.0010000000000001)	-	(0.144	+	0	+	2.7755575615629E-17)
=	-0.079

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-4.102	/	20.158
	=	-20.35 %

Fiinu EBIT Related Terms

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Fiinu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fiinu PLC (LSE:BANK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LWW:Germany

Address

Baker Street, Ibex House, Weybridge, Surrey, GBR, KT13 8AH

Website

https://www.fiinu.com

Fiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey.

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