Drone Delivery Canada (TSXV:FLT) EBIT : C$-9.14 Mil (TTM As of Mar. 2024)

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What is Drone Delivery Canada EBIT?

Drone Delivery Canada's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$-1.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$-9.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Drone Delivery Canada's annualized ROC % for the quarter that ended in Mar. 2024 was -278.83%. Drone Delivery Canada's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -387.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Drone Delivery Canada's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -22.07%.

Drone Delivery Canada EBIT Historical Data

The historical data trend for Drone Delivery Canada'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.

Drone Delivery Canada EBIT Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-15.52

-14.02

-14.65

-13.37

-9.93

Drone Delivery Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-2.53	-2.69	-2.02	-2.68	-1.74

Competitive Comparison of Drone Delivery Canada's EBIT

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Drone Delivery Canada's EV-to-EBIT falls into.

Drone Delivery Canada 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$-9.14 Mil.

Drone Delivery Canada (TSXV:FLT) EBIT Explanation

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

Drone Delivery Canada'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 )
=	-7.276 * ( 1 - 0% )	/	( (2.591	+	2.628)	/ 2 )
=	-7.276	/	2.6095
=	-278.83 %

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	))
=	10.334	-	0.595	-	( 7.38	-	max(0, 0.891	-	8.039	+	7.38	))
=	2.591

	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	))
=	8.733	-	0.614	-	( 6.178	-	max(0, 1.13	-	6.621	+	6.178	))
=	2.628

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

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

Drone Delivery Canada'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 )
=	-6.976	/	( ( (1.892 + max(-0.189, 0))	+	(1.712 + max(-0.647, 0)) )	/	2 )
=	-6.976	/	( ( 1.892	+	1.712 )	/	2 )
=	-6.976	/	1.802
=	-387.13 %

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)
=	(0.168	+	0	+	0.263)	-	(0.595	+	0.025	+	0)
=	-0.189

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.026	+	0	+	0.186)	-	(0.614	+	0.245	+	0)
=	-0.647

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:

Drone Delivery Canada's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-9.139	/	41.413
	=	-22.07 %

Drone Delivery Canada EBIT Related Terms

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Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

Drone Delivery Canada (TSXV:FLT) Headlines

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