Calnex Solutions (LSE:CLX) EBIT : £-0.26 Mil (TTM As of Mar. 2024)

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What is Calnex Solutions EBIT?

Calnex Solutions's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was £0.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Calnex Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was 2.43%. Calnex Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Calnex Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.84%.

Calnex Solutions EBIT Historical Data

The historical data trend for Calnex Solutions'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.

Calnex Solutions EBIT Chart

Calnex Solutions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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3.32

3.82

5.99

7.23

-0.26

Calnex Solutions Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial							3.67	3.10	4.14	-0.59	0.33

Competitive Comparison of Calnex Solutions's EBIT

For the Communication Equipment subindustry, Calnex Solutions'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.

Calnex Solutions's EV-to-EBIT Distribution in the Hardware Industry

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

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

Calnex Solutions 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 £-0.26 Mil.

Calnex Solutions (LSE:CLX) EBIT Explanation

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

Calnex Solutions'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 )
=	0.282 * ( 1 - -93.49% )	/	( (20.918	+	23.913)	/ 2 )
=	0.5456418	/	22.4155
=	2.43 %

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	))
=	36.735	-	2.339	-	( 13.478	-	max(0, 5.786	-	22.033	+	13.478	))
=	20.918

	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	))
=	37	-	1.219	-	( 11.868	-	max(0, 5.065	-	21.016	+	11.868	))
=	23.913

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:

Calnex Solutions'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 )
=	0.656	/	( ( (0.843 + max(1.039, 0))	+	(0.628 + max(3.885, 0)) )	/	2 )
=	0.656	/	( ( 1.882	+	4.513 )	/	2 )
=	0.656	/	3.1975
=	20.52 %

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)
=	(2.675	+	3.837	+	0.042000000000002)	-	(2.339	+	0	+	3.176)
=	1.039

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.922	+	5.373	+	0.435)	-	(1.219	+	0	+	3.626)
=	3.885

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.26	/	31.013
	=	-0.84 %

Calnex Solutions EBIT Related Terms

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Calnex Solutions (LSE:CLX) Business Description

Industry

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CSO:Germany

Address

Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR

Website

https://www.calnexsol.com

Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.