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Predictmedix AI (XCNQ:PMED) EBIT : C$-0.71 Mil (TTM As of Jul. 2024)


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What is Predictmedix AI EBIT?

Predictmedix AI's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2024 was C$-0.26 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was C$-0.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Predictmedix AI's annualized ROC % for the quarter that ended in Jul. 2024 was -261.93%. Predictmedix AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -1,121.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Predictmedix AI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -48.39%.


Predictmedix AI EBIT Historical Data

The historical data trend for Predictmedix AI'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.

Predictmedix AI EBIT Chart

Predictmedix AI Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
EBIT
- -0.78 -1.93 -1.88 -2.07

Predictmedix AI Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Jul23 Oct23 Jul24
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 -0.46 -0.92 -0.69 -0.45 -0.26

Competitive Comparison of Predictmedix AI's EBIT

For the Medical Devices subindustry, Predictmedix AI'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.


Predictmedix AI's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Predictmedix AI's EV-to-EBIT distribution charts can be found below:

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



Predictmedix AI 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.71 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.


Predictmedix AI  (XCNQ:PMED) EBIT Explanation

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

Predictmedix AI's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-1.032 * ( 1 - 0% )/( (0.454 + 0.334)/ 2 )
=-1.032/0.394
=-261.93 %

where

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

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

Predictmedix AI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.032/( ( (0.104 + max(-0.445, 0)) + (0.08 + max(-1.043, 0)) )/ 2 )
=-1.032/( ( 0.104 + 0.08 )/ 2 )
=-1.032/0.092
=-1,121.74 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.002 + 0 + 0.025) - (0.472 + 0 + 0)
=-0.445

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.019) - (1.062 + 0 + 0)
=-1.043

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

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

Predictmedix AI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2024 )
=-0.707/1.461
=-48.39 %

* 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.


Predictmedix AI EBIT Related Terms

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Predictmedix AI Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.

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