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Impact Development Group (TSXV:IMPT) EBIT : C$-13.54 Mil (TTM As of Jun. 2023)


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What is Impact Development Group EBIT?

Impact Development Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was C$-1.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was C$-13.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Impact Development Group's annualized ROC % for the quarter that ended in Jun. 2023 was -10.41%. Impact Development Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -11.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Impact Development Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -10.92%.

Impact Development Group EBIT Historical Data

The historical data trend for Impact Development 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.

Impact Development Group EBIT Chart

Impact Development Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22
EBIT
1.04 -4.43 -6.60 -12.60

Impact Development Group Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23
EBIT Get a 7-Day Free Trial - - -0.92 -11.63 -1.91

Competitive Comparison of Impact Development Group's EBIT

For the Real Estate - Development subindustry, Impact Development 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.

Impact Development Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Impact Development Group's EV-to-EBIT distribution charts can be found below:

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


Impact Development 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-13.54 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.

Impact Development Group  (TSXV:IMPT) EBIT Explanation

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

Impact Development Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-3.826 * ( 1 - -1.57% )/( (36.835 + 37.822)/ 2 )
=-3.8860682/37.3285
=-10.41 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=38.7 - 1.845 - ( 0.02 - max(0, 12.114 - 19.454+0.02))
=36.835

Invested Capital(Q: Jun. 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))
=39.426 - 1.467 - ( 0.137 - max(0, 14.935 - 20.827+0.137))
=37.822

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Impact Development Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.826/( ( (19.246 + max(14.978, 0)) + (18.599 + max(16.597, 0)) )/ 2 )
=-3.826/( ( 34.224 + 35.196 )/ 2 )
=-3.826/34.71
=-11.02 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 16.847 + 1.151) - (1.845 + 1.175 + 0)
=14.978

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 16.924 + 1.976) - (1.467 + 0.836 + 0)
=16.597

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-13.539/124.036
=-10.92 %

* 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.

Impact Development Group EBIT Related Terms

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Impact Development Group (TSXV:IMPT) Business Description

Industry
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Address
Edifice Península piso 4, oficina 4-10, Costa del Este, Panama City, PAN
Website
https://www.ihcpanama.com
Impact Development Group Inc Formerly Impact Housing Corp is a Panamanian-based real estate developer. It provides affordable housing supported by a longstanding subsidized government program with multiple product offerings. The principal business of IHC is to build and develop affordable and high-quality subsidized houses in the Republic of Panama to support the middle-class market.

Impact Development Group (TSXV:IMPT) Headlines

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