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Two Hands (Two Hands) EBIT : $-8.28 Mil (TTM As of Mar. 2024)


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What is Two Hands EBIT?

Two Hands's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.74 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Two Hands's annualized ROC % for the quarter that ended in Mar. 2024 was -139.64%. Two Hands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -12,595.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Two Hands's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -488.84%.


Two Hands EBIT Historical Data

The historical data trend for Two Hands'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.

Two Hands EBIT Chart

Two Hands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.52 -7.43 -15.98 -21.56 -8.00

Two Hands 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.47 -0.49 -0.53 -6.52 -0.74

Competitive Comparison of Two Hands's EBIT

For the Software - Application subindustry, Two Hands'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.


Two Hands's EV-to-EBIT Distribution in the Software Industry

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

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



Two Hands 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 $-8.28 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.


Two Hands  (OTCPK:TWOH) EBIT Explanation

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

Two Hands'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 )
=-1.152 * ( 1 - 0% )/( (0.778 + 0.872)/ 2 )
=-1.152/0.825
=-139.64 %

where

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

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

Two Hands'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 )
=-2.96/( ( (0.025 + max(-1.265, 0)) + (0.022 + max(-1.131, 0)) )/ 2 )
=-2.96/( ( 0.025 + 0.022 )/ 2 )
=-2.96/0.0235
=-12,595.74 %

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)
=(0.093 + 0.039 + 0.01) - (1.407 + 0 + 0)
=-1.265

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.112 + 0.08 + -2.7755575615629E-17) - (1.323 + 0 + 0)
=-1.131

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:

Two Hands's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-8.276/1.693
=-488.84 %

* 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.


Two Hands EBIT Related Terms

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Two Hands (Two Hands) Business Description

Traded in Other Exchanges
Address
1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1
Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.
Executives
Steven Gryfe officer: Chief Financial Officer 558 ATLAS AVENUE, TORONTO A6 M6C3R6
Ryan M. Wilson director 42 MUSCAT CRES., AJAX A6 L1Z0B9
Nadav Elituv director, 10 percent owner, officer: CEO, Pres, Sec & Treasurer 373 JOICEY BLVD., NORTH YORK A6 M5M2W2
Bradley Southam director 33-310 CHRISTOPHER DRIVE, CAMBRIDGE A6 N1P1B4
Shuttle Digital Solutions Inc 10 percent owner 250 YONGE STREET, SUITE 2201, TORONTO A6 M5B2L7