Smartspace Software (LSE:SMRT) EBIT : £-1.36 Mil (TTM As of Jul. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Smartspace Software EBIT?

Smartspace Software's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2023 was £-0.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2023 was £-1.36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smartspace Software's annualized ROC % for the quarter that ended in Jul. 2023 was -8.77%. Smartspace Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was -344.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smartspace Software's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was -5.64%.

Smartspace Software EBIT Historical Data

The historical data trend for Smartspace Software'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.

Smartspace Software EBIT Chart

Smartspace Software Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

EBIT

Get a 7-Day Free Trial

-1.99

-2.35

-2.72

-3.38

-1.86

Smartspace Software Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
EBIT	Get a 7-Day Free Trial															-1.82	-1.56	-1.07	-0.78	-0.58

Competitive Comparison of Smartspace Software's EBIT

For the Software - Application subindustry, Smartspace Software'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.

Smartspace Software's EV-to-EBIT Distribution in the Software Industry

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

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

Smartspace Software 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 Jul. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.36 Mil.

Smartspace Software (LSE:SMRT) EBIT Explanation

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

Smartspace Software's annualized ROC % for the quarter that ended in Jul. 2023 is calculated as:

	ROC % (Q: Jul. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Jul. 2023 ))	/ count )
=	-1.152 * ( 1 - -19.69% )	/	( (16.759	+	14.675)	/ 2 )
=	-1.3788288	/	15.717
=	-8.77 %

where

	Invested Capital		(Q: Jan. 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	))
=	16.586	-	0.329	-	( 1.962	-	max(0, 4.712	-	4.21	+	1.962	))
=	16.759

	Invested Capital		(Q: Jul. 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	))
=	14.583	-	1.121	-	( 2.213	-	max(0, 3.907	-	2.694	+	2.213	))
=	14.675

Note: The Operating Income data used here is two times the semi-annual (Jul. 2023) data.

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

Smartspace Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Jul. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.152	/	( ( (0.331 + max(-2.107, 0))	+	(0.337 + max(-3.359, 0)) )	/	2 )
=	-1.152	/	( ( 0.331	+	0.337 )	/	2 )
=	-1.152	/	0.334
=	-344.91 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.451	+	0	+	1.768)	-	(0.329	+	0	+	3.997)
=	-2.107

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.4	+	0	+	0.081)	-	(1.121	+	0	+	2.719)
=	-3.359

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2023 )
	=	-1.36	/	24.134
	=	-5.64 %

Smartspace Software EBIT Related Terms

Thank you for viewing the detailed overview of Smartspace Software's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Smartspace Software (LSE:SMRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartspace Software PLC (LSE:SMRT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DZV2:Germany DZV2:Germany

Address

4 Fordham House Court, Fordham House Estate, Fordham, Cambridgeshire, GBR, CB7 5LL

Website

https://www.smartspaceplc.com

Smartspace Software PLC is engaged in the development and sale of software products. It is also engaged in the sale and installation of audio-visual hardware products. It operates through the following segments SwipedOn, and Space Connect. The firm generates the majority of revenue from the SwipedOn segment which is engaged in the sale and support of self-service visitor management software to customers throughout the world.