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Ondo InsurTech (LSE:ONDO) EBIT : £-3.67 Mil (TTM As of Sep. 2024)


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What is Ondo InsurTech EBIT?

Ondo InsurTech's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was £-2.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was £-3.67 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ondo InsurTech's annualized ROC % for the quarter that ended in Sep. 2024 was -209.26%. Ondo InsurTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4,754.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ondo InsurTech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -8.11%.


Ondo InsurTech EBIT Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech EBIT Chart

Ondo InsurTech Annual Data
Trend Feb22 Mar24
EBIT
-0.22 -2.36

Ondo InsurTech Semi-Annual Data
Aug21 Feb22 Aug22 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial 1.03 -1.35 -0.76 -1.60 -2.07

Competitive Comparison of Ondo InsurTech's EBIT

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.


Ondo InsurTech's EV-to-EBIT Distribution in the Hardware Industry

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

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



Ondo InsurTech 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.67 Mil.

* 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.


Ondo InsurTech  (LSE:ONDO) EBIT Explanation

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

Ondo InsurTech's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-4.136 * ( 1 - 0% )/( (2.193 + 1.76)/ 2 )
=-4.136/1.9765
=-209.26 %

where

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

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

Ondo InsurTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.136/( ( (0.083 + max(-1.254, 0)) + (0.091 + max(-1.18, 0)) )/ 2 )
=-4.136/( ( 0.083 + 0.091 )/ 2 )
=-4.136/0.087
=-4,754.02 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.888 + 0.649 + 4.4408920985006E-16) - (1.126 + 0 + 1.665)
=-1.254

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.522 + 0.639 + 0) - (1.125 + 0 + 1.216)
=-1.18

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-3.671/45.264
=-8.11 %

* 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.


Ondo InsurTech EBIT Related Terms

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Ondo InsurTech Business Description

Traded in Other Exchanges
Address
60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR
Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech Headlines

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