The Dust (WAR:THD) EBIT: zł-0.28 Mil (TTM As of Dec. 2025)


WAR:THD The Dust SA WAR:THD
17 GF Score
Price zł0.62
! 5 Warning Signs
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What is The Dust EBIT?

The Dust WAR:THD +5.98% 17 EBIT is zł-0.28 Mil as of Dec. 2025. GuruFocus rates WAR:THD with a GF Score™ of 17/100. The stock has 5 warning signs investors should review.

The Dust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was zł0.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was zł-0.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Dust's annualized ROC % for the quarter that ended in Dec. 2025 was 4.26%. The Dust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2,666.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Dust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -4.72%.

The Dust  (WAR:THD) EBIT Explanation

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

The Dust's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0.216 * ( 1 - 0% )/( (4.998 + 5.15)/ 2 )
=0.216/5.074
=4.26 %

where

Invested Capital(Q: Sep. 2025 )
=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))
=5.211 - 0.194 - ( 0.224 - max(0, 2.248 - 2.267+0.224))
=4.998

Invested Capital(Q: Dec. 2025 )
=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))
=5.328 - 0.041 - ( 0.137 - max(0, 1.904 - 2.523+0.137))
=5.15

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

The Dust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.28/( ( (0.012 + max(-1.203, 0)) + (0.009 + max(-0.697, 0)) )/ 2 )
=0.28/( ( 0.012 + 0.009 )/ 2 )
=0.28/0.0105
=2,666.67 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.248 + 0.379 + 0.072) - (0.194 + 0 + 1.708)
=-1.203

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.259 + 0.606 + 0.147) - (0.041 + 0 + 1.668)
=-0.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

The Dust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-0.284/6.023
=-4.72 %

* 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.

The Dust EBIT Related Terms

The Dust EBIT Historical Data

* Premium members only.

The historical data trend for The Dust'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.

The Dust EBIT Chart

The Dust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.15 -3.60 -0.94 -1.40 0.01

The Dust Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -5.08 -0.20 -0.03 -0.13 0.07

WAR:THD vs NTES, EA, TTWO: EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, The Dust'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.

The Dust EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, The Dust's EV-to-EBIT distribution charts can be found below:

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


WAR:THD
17GF Score
The Dust SA WAR:THD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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The Dust 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was zł-0.28 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of zł-0.28 Mil mean?
The Dust (WAR:THD) has a EBIT of zł-0.28 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Dust.
Is The Dust's EBIT too high?
The Dust's current EBIT is zł-0.28 Mil. Overall, The Dust has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does The Dust's EBIT compare to NTES and EA?
The Dust's EBIT of zł-0.28 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Interactive Media company?
A good EBIT depends on the Interactive Media industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Dust. The Dust's current EBIT is zł-0.28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Dust stock overvalued right now?
The Dust (WAR:THD) has a current EBIT of zł-0.28 Mil. The current EBIT is zł-0.28 Mil. The Dust's overall GF Score™ is 17/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For The Dust (WAR:THD), the current EBIT is zł-0.28 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Dust Business Description

Address ul. Podwale 7/5, Wroclaw, POL, 50-043
The Dust SA offers a range of tools in the field of advergaming, creating projects using AR and VR technologies and production of mobile games. The company offers Cyber Strike, Winnie Play, and others.
17GF Score

Get the complete analysis for WAR:THD

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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