GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirriad Advertising PLC (OTCPK:MMDDF) » Definitions » EBIT

MMDDF (Mirriad Advertising) EBIT : $-11.56 Mil (TTM As of Jun. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Mirriad Advertising EBIT?

Mirriad Advertising's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $-6.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-11.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mirriad Advertising's annualized ROC % for the quarter that ended in Jun. 2024 was -2,275.04%. Mirriad Advertising's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3,294.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mirriad Advertising's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 139.81%.


Mirriad Advertising EBIT Historical Data

The historical data trend for Mirriad Advertising'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.

Mirriad Advertising EBIT Chart

Mirriad Advertising Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -15.90 -12.18 -15.97 -19.26 -14.39

Mirriad Advertising Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.38 -9.00 -9.09 -5.27 -6.29

Competitive Comparison of Mirriad Advertising's EBIT

For the Advertising Agencies subindustry, Mirriad Advertising'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.


Mirriad Advertising's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mirriad Advertising's EV-to-EBIT distribution charts can be found below:

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



Mirriad Advertising 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 $-11.56 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.


Mirriad Advertising  (OTCPK:MMDDF) EBIT Explanation

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

Mirriad Advertising'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 )
=-12.664 * ( 1 - 3.62% )/( (0.855 + 0.218)/ 2 )
=-12.2055632/0.5365
=-2,275.04 %

where

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:

Mirriad Advertising'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 )
=-12.586/( ( (0.33 + max(0.278, 0)) + (0.156 + max(-0.156, 0)) )/ 2 )
=-12.586/( ( 0.608 + 0.156 )/ 2 )
=-12.586/0.382
=-3,294.76 %

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)
=(2.191 + 0 + 1.058) - (2.971 + 0 + 0)
=0.278

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.569 + 0 + 0.809) - (2.534 + 0 + 4.4408920985006E-16)
=-0.156

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:

Mirriad Advertising's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-11.564/-8.271
=139.81 %

* 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.


Mirriad Advertising EBIT Related Terms

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


Mirriad Advertising Business Description

Traded in Other Exchanges
Address
One London Wall, 6th Floor, London, GBR, EC2Y 5EB
Mirriad Advertising PLC provides an in-content advertising platform. Its artificial intelligence (AI) based platform is a solution for in-content advertising and virtual product placement. Geographically, it derives the majority of its revenue from the United States and has a presence in the UK, China, and other countries.