Technovative Group (Technovative Group) EBIT : $-1.86 Mil (TTM As of Sep. 2018)

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What is Technovative Group EBIT?

Technovative Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2018 was $-0.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2018 was $-1.86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Technovative Group's annualized ROC % for the quarter that ended in Sep. 2018 was -42.68%. Technovative Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was -2,017.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Technovative Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was -34.40%.

Technovative Group EBIT Historical Data

The historical data trend for Technovative 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.

Technovative Group EBIT Chart

Technovative Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

EBIT

Get a 7-Day Free Trial

-0.37

-0.95

-1.33

-0.82

Technovative Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
EBIT	Get a 7-Day Free Trial															-0.17	-0.18	-0.66	-0.52	-0.51

Competitive Comparison of Technovative Group's EBIT

For the Software - Application subindustry, Technovative 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.

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

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

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

Technovative 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.86 Mil.

Technovative Group (GREY:TEHG) EBIT Explanation

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

Technovative Group's annualized ROC % for the quarter that ended in Sep. 2018 is calculated as:

	ROC % (Q: Sep. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Sep. 2018 ))	/ count )
=	-2.028 * ( 1 - 0% )	/	( (4.386	+	5.118)	/ 2 )
=	-2.028	/	4.752
=	-42.68 %

where

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	5.189	-	1.495	-	( 0.113	-	max(0, 1.751	-	1.059	+	0.113	))
=	4.386

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	5.191	-	1.599	-	( 0.575	-	max(0, 2.579	-	1.053	+	0.575	))
=	5.118

Note: The Operating Income data used here is four times the quarterly (Sep. 2018) data.

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

Technovative Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2018		Q: Sep. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.028	/	( ( (0.096 + max(-0.581, 0))	+	(0.105 + max(-1.152, 0)) )	/	2 )
=	-2.028	/	( ( 0.096	+	0.105 )	/	2 )
=	-2.028	/	0.1005
=	-2,017.91 %

where Working Capital is:

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.232	+	0	+	0.682)	-	(1.495	+	0	+	-2.2204460492503E-16)
=	-0.581

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.215	+	0	+	0.233)	-	(1.599	+	0	+	0.0010000000000003)
=	-1.152

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2018 )
	=	-1.86	/	5.407
	=	-34.40 %

Technovative Group EBIT Related Terms

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Technovative Group (Technovative Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technovative Group Inc (GREY:TEHG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 701, 7th Floor, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.technovative.co

Technovative Group Inc is a technology software development company focused in the financial technology industry by providing blockchain solutions and big data analytics technologies to financial service institutions in the Greater China Region and the Southeast Asia Region. The company's product consists of Hedu SmartSuite, SmartCon, SmartTrader, and SmartWallet. The company earns revenue in the form of subscription, referral fees, and services, and data analytics and market research.

Technovative Group (Technovative Group) Headlines

From GuruFocus

TECHNOVATIVE GROUP INC., SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH JOGET, INC.

By Marketwired Marketwired • 09-24-2018