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RYDE (Ryde Group) EBIT : $-16.33 Mil (TTM As of Jun. 2024)


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What is Ryde Group EBIT?

Ryde Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $-9.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-16.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ryde Group's annualized ROC % for the quarter that ended in Jun. 2024 was -792.29%. Ryde Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -56,931.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ryde Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -267.42%.

Ryde Group EBIT Historical Data

The historical data trend for Ryde Group'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.

Ryde Group EBIT Chart

Ryde Group Annual Data
Trend Dec21 Dec22 Dec23
EBIT
-0.82 -3.52 -9.33

Ryde Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial -1.91 -1.57 -2.93 -6.36 -9.96

Competitive Comparison of Ryde Group's EBIT

For the Software - Application subindustry, Ryde Group'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.

Ryde Group's EV-to-EBIT Distribution in the Software Industry

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

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


Ryde Group 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 $-16.33 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.

Ryde Group  (AMEX:RYDE) EBIT Explanation

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

Ryde Group'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 )
=-19.926 * ( 1 - 0% )/( (4.456 + 0.574)/ 2 )
=-19.926/2.515
=-792.29 %

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))
=3.901 - 5.544 - ( 1.272 - max(0, 9.449 - 3.35+1.272))
=4.456

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))
=5.944 - 3.593 - ( 2.202 - max(0, 3.612 - 5.389+2.202))
=0.574

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:

Ryde Group'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 )
=-19.926/( ( (0.046 + max(-3.595, 0)) + (0.024 + max(-0.599, 0)) )/ 2 )
=-19.926/( ( 0.046 + 0.024 )/ 2 )
=-19.926/0.035
=-56,931.43 %

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)
=(0.023 + 0 + 1.926) - (5.544 + 0 + 0)
=-3.595

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.027 + 0 + 2.968) - (3.593 + 0 + 0.0010000000000003)
=-0.599

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:

Ryde Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-16.326/6.105
=-267.42 %

* 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.

Ryde Group EBIT Related Terms

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Ryde Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » EBIT
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Traded in Other Exchanges
D0S:Germany
Address
No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352
Website
https://www.rydesharing.com
Ryde Group Ltd is a company providing a super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operates in the following segments such as being mobility where it provides on-demand and scheduled carpooling and ride-hailing services, matching riders to driver partners; and quick commerce where it provides on-demand, scheduled, and multi-stop parcel delivery services.