BEST Venture Opportunities Fund (XCNQ:BVOF.A) EBIT : C$-1.03 Mil (TTM As of Aug. 2024)

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What is BEST Venture Opportunities Fund EBIT?

BEST Venture Opportunities Fund's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was C$-1.45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was C$-1.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BEST Venture Opportunities Fund's annualized ROC % for the quarter that ended in Aug. 2024 was %. BEST Venture Opportunities Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BEST Venture Opportunities Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 8.32%.

BEST Venture Opportunities Fund EBIT Historical Data

The historical data trend for BEST Venture Opportunities Fund'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.

BEST Venture Opportunities Fund EBIT Chart

BEST Venture Opportunities Fund Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

EBIT

0.27

-0.72

2.14

-1.02

BEST Venture Opportunities Fund Semi-Annual Data
	Aug21	Aug22	Feb23	Aug23	Feb24	Aug24
EBIT	Get a 7-Day Free Trial			-	-0.01	2.15	0.42	-1.45

Competitive Comparison of BEST Venture Opportunities Fund's EBIT

For the Asset Management subindustry, BEST Venture Opportunities Fund'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.

BEST Venture Opportunities Fund's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BEST Venture Opportunities Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BEST Venture Opportunities Fund's EV-to-EBIT falls into.

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BEST Venture Opportunities Fund 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-1.03 Mil.

BEST Venture Opportunities Fund (XCNQ:BVOF.A) EBIT Explanation

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

BEST Venture Opportunities Fund's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

	ROC % (Q: Aug. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2024 )	+	Invested Capital (Q: Aug. 2024 ))	/ count )
=	-2.892 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-2.892	/	0
=	%

where

	Invested Capital		(Q: Feb. 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	))
=	14.802	-	0.153	-	( 14.759	-	max(0, 0.153	-	14.802	+	14.759	))
=	0

	Invested Capital		(Q: Aug. 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	))
=	13.398	-	0.199	-	( 13.362	-	max(0, 0.199	-	13.398	+	13.362	))
=	0

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data.

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

BEST Venture Opportunities Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2024		Q: Aug. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.892	/	( ( (0 + max(-0.153, 0))	+	(0 + max(-0.199, 0)) )	/	2 )
=	-2.892	/	( ( 0	+	0 )	/	2 )
=	-2.892	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.153	+	0	+	0)
=	-0.153

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.199	+	0	+	0)
=	-0.199

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

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

BEST Venture Opportunities Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2024 )
	=	-1.025	/	-12.323
	=	8.32 %

BEST Venture Opportunities Fund EBIT Related Terms

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BEST Venture Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BEST Venture Opportunities Fund Inc (XCNQ:BVOF.A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

http://www.bestfunds.ca

BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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