MATH (Metalpha Technology Holding) EBIT : $-3.68 Mil (TTM As of Mar. 2024)

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What is Metalpha Technology Holding EBIT?

Metalpha Technology Holding's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was $-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metalpha Technology Holding's annualized ROC % for the quarter that ended in Mar. 2024 was -301.55%. Metalpha Technology Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -168.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metalpha Technology Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 94.38%.

Metalpha Technology Holding EBIT Historical Data

The historical data trend for Metalpha Technology Holding'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.

Metalpha Technology Holding EBIT Chart

Metalpha Technology Holding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-1.46

-0.70

-9.29

-11.69

-3.68

Metalpha Technology Holding Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial														-3.87	-4.68	-7.01	-3.62	-0.05

Competitive Comparison of Metalpha Technology Holding's EBIT

For the Capital Markets subindustry, Metalpha Technology Holding'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.

Metalpha Technology Holding's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Metalpha Technology Holding's EV-to-EBIT falls into.

Metalpha Technology Holding 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 $-3.68 Mil.

Metalpha Technology Holding (NAS:MATH) EBIT Explanation

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

Metalpha Technology Holding'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 )
=	2.544 * ( 1 - 416.07% )	/	( (0.20299999999999	+	5.13)	/ 2 )
=	-8.0408208	/	2.6665
=	-301.55 %

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	))
=	86.272	-	75.769	-	( 28.109	-	max(0, 75.856	-	86.156	+	28.109	))
=	0.20299999999999

	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	))
=	174.719	-	152.827	-	( 48.075	-	max(0, 157.867	-	174.629	+	48.075	))
=	5.13

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:

Metalpha Technology Holding'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 )
=	-0.108	/	( ( (0.086 + max(-17.846, 0))	+	(0.042 + max(-26.324, 0)) )	/	2 )
=	-0.108	/	( ( 0.086	+	0.042 )	/	2 )
=	-0.108	/	0.064
=	-168.75 %

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)
=	(0.577	+	57.231	+	0.11500000000001)	-	(75.769	+	0	+	-1.4210854715202E-14)
=	-17.846

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	126.468	+	0.034999999999997)	-	(152.827	+	0	+	0)
=	-26.324

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:

Metalpha Technology Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.675	/	-3.894
	=	94.38 %

Metalpha Technology Holding EBIT Related Terms

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Metalpha Technology Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Metalpha Technology Holding Ltd (NAS:MATH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG

Website

https://www.metalpha.net

Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and derives a majority of its revenue from Hong Kong.