DG Innovate (LSE:DGI) EBIT : £-4.87 Mil (TTM As of Jun. 2024)

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What is DG Innovate EBIT?

DG Innovate's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-2.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-4.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DG Innovate's annualized ROC % for the quarter that ended in Jun. 2024 was -107.84%. DG Innovate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1,034.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DG Innovate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -126.42%.

DG Innovate EBIT Historical Data

The historical data trend for DG Innovate'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.

DG Innovate EBIT Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

EBIT

-0.72

-1.02

-0.39

-8.16

-3.86

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial					-6.47	-1.69	-1.89	-1.97	-2.90

Competitive Comparison of DG Innovate's EBIT

For the Electrical Equipment & Parts subindustry, DG Innovate'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.

DG Innovate's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DG Innovate's EV-to-EBIT distribution charts can be found below:

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

DG Innovate 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 £-4.87 Mil.

DG Innovate (LSE:DGI) EBIT Explanation

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

DG Innovate'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 )
=	-5.796 * ( 1 - 0% )	/	( (5.397	+	5.352)	/ 2 )
=	-5.796	/	5.3745
=	-107.84 %

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	))
=	7.24	-	0.124	-	( 1.88	-	max(0, 0.565	-	2.284	+	1.88	))
=	5.397

	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	))
=	6.124	-	0.285	-	( 0.818	-	max(0, 0.767	-	1.254	+	0.818	))
=	5.352

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:

DG Innovate'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 )
=	-5.794	/	( ( (0.536 + max(-0.068, 0))	+	(0.584 + max(-0.307, 0)) )	/	2 )
=	-5.794	/	( ( 0.536	+	0.584 )	/	2 )
=	-5.794	/	0.56
=	-1,034.64 %

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	+	0	+	0.289)	-	(0.124	+	0	+	0.233)
=	-0.068

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.002	+	0	+	0.285)	-	(0.285	+	0	+	0.309)
=	-0.307

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-4.867	/	3.850
	=	-126.42 %

DG Innovate EBIT Related Terms

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DG Innovate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DG Innovate PLC (LSE:DGI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a company that specializes in research and development, with two distinct areas of focus: Enhanced Drive Technology and Enhanced Battery Technology.