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MRT (Marti Technologies) EBIT : $-15.69 Mil (TTM As of Jun. 2024)


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What is Marti Technologies EBIT?

Marti Technologies's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-15.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marti Technologies's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%. Marti Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marti Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -9.09%.


Marti Technologies EBIT Historical Data

The historical data trend for Marti Technologies'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.

Marti Technologies EBIT Chart

Marti Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-4.37 -12.97 -12.36 -27.07

Marti Technologies Quarterly Data
Dec20 Sep21 Dec21 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only -0.98 - 5.61 -21.30 -

Competitive Comparison of Marti Technologies's EBIT

For the Software - Application subindustry, Marti Technologies'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.


Marti Technologies's EV-to-EBIT Distribution in the Software Industry

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

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



Marti Technologies 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 quarterly data reported by the company within the most recent 12 months, which was $-15.69 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.


Marti Technologies  (AMEX:MRT) EBIT Explanation

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

Marti Technologies'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 * ( 1 - 0% )/( (28.177 + 21.706)/ 2 )
=0/24.9415
=0.00 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Marti Technologies'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/( ( (14.332 + max(-13.292, 0)) + (10.124 + max(-12.074, 0)) )/ 2 )
=0/( ( 14.332 + 10.124 )/ 2 )
=0/12.228
=0.00 %

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)
=(0.163 + 2.325 + 1.309) - (3.84 + 1.661 + 11.588)
=-13.292

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.297 + 2.213 + 0.653) - (4.62 + 1.617 + 9)
=-12.074

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Marti Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-15.689/172.567
=-9.09 %

* 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.


Marti Technologies EBIT Related Terms

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Marti Technologies Business Description

Traded in Other Exchanges
N/A
Address
2001 S Street NW, Suite 320, Washington, DC, USA, 20009
Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.
Executives
Adam S Metz director 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley director 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya director, officer: Chief Executive Officer 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer officer: Chief Financial Officer 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld director, 10 percent owner, officer: President and CIO 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc 10 percent owner 2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon director 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009

Marti Technologies Headlines

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