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Solid Clouds hf (OISE:SOLID) EBIT : kr-201.77 Mil (TTM As of Jun. 2024)


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What is Solid Clouds hf EBIT?

Solid Clouds hf's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was kr-126.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was kr-201.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solid Clouds hf's annualized ROC % for the quarter that ended in Jun. 2024 was -16.93%. Solid Clouds hf's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4,528.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solid Clouds hf's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -220.34%.


Solid Clouds hf EBIT Historical Data

The historical data trend for Solid Clouds hf'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.

Solid Clouds hf EBIT Chart

Solid Clouds hf Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -35.23 -21.64 -61.36 -92.21 -137.27

Solid Clouds hf Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.91 -58.31 -62.39 -74.88 -126.88

Competitive Comparison of Solid Clouds hf's EBIT

For the Electronic Gaming & Multimedia subindustry, Solid Clouds hf'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.


Solid Clouds hf's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Solid Clouds hf's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Solid Clouds hf's EV-to-EBIT falls into.


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Solid Clouds hf 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 kr-201.77 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.


Solid Clouds hf  (OISE:SOLID) EBIT Explanation

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

Solid Clouds hf'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 )
=-263.864 * ( 1 - 20.19% )/( (1195.306 + 1293.027)/ 2 )
=-210.5898584/1244.1665
=-16.93 %

where

Invested Capital(Q: Jun. 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))
=1421.53 - 41.235 - ( 87.268 - max(0, 46.643 - 234.832+87.268))
=1293.027

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:

Solid Clouds hf'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 )
=-253.766/( ( (4.472 + max(-29.131, 0)) + (6.736 + max(-32.475, 0)) )/ 2 )
=-253.766/( ( 4.472 + 6.736 )/ 2 )
=-253.766/5.604
=-4,528.30 %

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)
=(8.535 + 0 + 0) - (6.616 + 0 + 31.05)
=-29.131

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.76 + 0 + 0) - (41.235 + 0 + 0)
=-32.475

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:

Solid Clouds hf's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-201.767/91.571
=-220.34 %

* 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.


Solid Clouds hf EBIT Related Terms

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Solid Clouds hf Business Description

Traded in Other Exchanges
N/A
Address
Eioistorg 17, Seltjarnarnes, ISL, 170
Solid Clouds hf is engaged in information technology, software development, and the creation and marketing of computer games. It has a focus on creating a technology framework for the fast production of massively multiplayer online real-time games. Geographically group generates the majority of its revenue from the United States of America. It has income from the sale of virtual goods in the computer games.

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