Spirit Blockchain Capital (XCNQ:SPIR) EBIT : C$-2.63 Mil (TTM As of Sep. 2024)

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What is Spirit Blockchain Capital EBIT?

Spirit Blockchain Capital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$-0.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-2.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spirit Blockchain Capital's annualized ROC % for the quarter that ended in Sep. 2024 was -215.46%. Spirit Blockchain Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spirit Blockchain Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -24.24%.

Spirit Blockchain Capital EBIT Historical Data

The historical data trend for Spirit Blockchain Capital'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.

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Spirit Blockchain Capital EBIT Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-10.24

-3.39

-1.94

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial									-0.19	-0.99	-0.40	-0.47	-0.78

Competitive Comparison of Spirit Blockchain Capital's EBIT

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Spirit Blockchain Capital's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's EV-to-EBIT distribution charts can be found below:

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

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Spirit Blockchain Capital 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.63 Mil.

Spirit Blockchain Capital (XCNQ:SPIR) EBIT Explanation

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

Spirit Blockchain Capital's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-3.136 * ( 1 - 0% )	/	( (1.469	+	1.442)	/ 2 )
=	-3.136	/	1.4555
=	-215.46 %

where

	Invested Capital		(Q: Jun. 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	))
=	0.763	-	0.662	-	( 0.065	-	max(0, 1.851	-	0.483	+	0.065	))
=	1.469

	Invested Capital		(Q: Sep. 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	))
=	0.633	-	1.303	-	( 0.013	-	max(0, 2.532	-	0.42	+	0.013	))
=	1.442

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

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

Spirit Blockchain Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.124	/	( ( (0 + max(-0.666, 0))	+	(0 + max(-1.327, 0)) )	/	2 )
=	-3.124	/	( ( 0	+	0 )	/	2 )
=	-3.124	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.079	+	0	+	0.07)	-	(0.662	+	0	+	0.153)
=	-0.666

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.108	+	0	+	0.021)	-	(1.303	+	0	+	0.153)
=	-1.327

When net working capital is negative, 0 is used.

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

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

Spirit Blockchain Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-2.629	/	10.845
	=	-24.24 %

Spirit Blockchain Capital EBIT Related Terms

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