GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » EBIT

INX Digital Co (NEOE:INXD) EBIT : C$-8.39 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is INX Digital Co EBIT?

INX Digital Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$8.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-8.39 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. INX Digital Co's annualized ROC % for the quarter that ended in Mar. 2024 was -18.21%. INX Digital Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2,335.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. INX Digital Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.43%.

INX Digital Co EBIT Historical Data

The historical data trend for INX Digital Co'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.

INX Digital Co EBIT Chart

INX Digital Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-0.05 -274.75 283.75 -17.10

INX Digital Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.51 -23.14 -18.08 24.69 8.14

Competitive Comparison of INX Digital Co's EBIT

For the Software - Application subindustry, INX Digital Co'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.

INX Digital Co's EV-to-EBIT Distribution in the Software Industry

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

* The bar in red indicates where INX Digital Co's EV-to-EBIT falls into.


INX Digital Co 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 quarterly data reported by the company within the most recent 12 months, which was C$-8.39 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.

INX Digital Co  (NEOE:INXD) EBIT Explanation

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

INX Digital Co'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: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-15.512 * ( 1 - 1.57% )/( (88.94 + 78.782)/ 2 )
=-15.2684616/83.861
=-18.21 %

where

Invested Capital(Q: Dec. 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))
=100.389 - 8.515 - ( 54.175 - max(0, 83.423 - 86.357+54.175))
=88.94

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))
=100.417 - 10.959 - ( 50.415 - max(0, 75.39 - 86.066+50.415))
=78.782

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

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

INX Digital Co'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: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32.552/( ( (1.449 + max(-53.055, 0)) + (1.339 + max(-42.119, 0)) )/ 2 )
=32.552/( ( 1.449 + 1.339 )/ 2 )
=32.552/1.394
=2,335.15 %

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)
=(0.947 + 0 + 28.898) - (8.515 + 0.114 + 74.271)
=-53.055

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.305 + 0 + 31.529) - (10.959 + 0.162 + 63.832)
=-42.119

When net working capital is negative, 0 is used.

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

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

INX Digital Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-8.389/-26.689
=31.43 %

* 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.

INX Digital Co EBIT Related Terms

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

INX Digital Co (NEOE:INXD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » EBIT
Comparable Companies
TSX:MVP TSXV:DGHI TSXV:QIS TSXV:VXTR TSXV:MAPS TSXV:PFM XCNQ:AICO TSXV:CTZ TSXV:WFLD TSXV:RSS CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
INXDF:USA FN4:Germany
Address
550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3
Website
https://www.inx.co
INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.
Executives
Shy Datika 10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

No Headlines