Mast Energy Developments (LSE:MAST) EBIT : £-3.23 Mil (TTM As of Jun. 2024)

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What is Mast Energy Developments EBIT?

Mast Energy Developments's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £-0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £-3.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mast Energy Developments's annualized ROC % for the quarter that ended in Jun. 2024 was -20.74%. Mast Energy Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -32.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mast Energy Developments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -80.60%.

Mast Energy Developments EBIT Historical Data

The historical data trend for Mast Energy Developments'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.

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Mast Energy Developments EBIT Chart

Mast Energy Developments Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-2.64

-3.45

Mast Energy Developments Semi-Annual Data
	Mar20	Mar21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			-0.65	-1.98	-0.68	-2.77	-0.46

Competitive Comparison of Mast Energy Developments's EBIT

For the Utilities - Renewable subindustry, Mast Energy Developments'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.

Mast Energy Developments's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mast Energy Developments's EV-to-EBIT distribution charts can be found below:

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

Mast Energy Developments 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 £-3.23 Mil.

Mast Energy Developments (LSE:MAST) EBIT Explanation

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

Mast Energy Developments'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 )
=	-0.922 * ( 1 - 0% )	/	( (3.799	+	5.092)	/ 2 )
=	-0.922	/	4.4455
=	-20.74 %

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	))
=	2.602	-	0.942	-	( 0	-	max(0, 2.262	-	0.123	+	0	))
=	3.799

	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	))
=	3.61	-	0.62	-	( 0.252	-	max(0, 2.486	-	0.384	+	0.252	))
=	5.092

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:

Mast Energy Developments'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 )
=	-0.922	/	( ( (2.479 + max(-0.964, 0))	+	(3.226 + max(-0.51, 0)) )	/	2 )
=	-0.922	/	( ( 2.479	+	3.226 )	/	2 )
=	-0.922	/	2.8525
=	-32.32 %

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)	-	(0.942	+	0	+	0.022)
=	-0.964

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.132	+	0	+	0)	-	(0.62	+	0	+	0.022)
=	-0.51

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:

Mast Energy Developments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-3.233	/	4.011
	=	-80.60 %

Mast Energy Developments EBIT Related Terms

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Mast Energy Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mast Energy Developments PLC (LSE:MAST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.med.energy

Mast Energy Developments PLC is a UK-based multi-asset operator in the Reserve Power market. The company's business is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growing niche market in the UK for reserve power generation to balance out the national grid at critical times.

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