Bit Brother (Bit Brother) EBIT : $-42.21 Mil (TTM As of Jun. 2023)

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What is Bit Brother EBIT?

Bit Brother's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-34.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-42.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bit Brother's annualized ROC % for the quarter that ended in Jun. 2023 was -109.06%. Bit Brother's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -143.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bit Brother's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 1,069.39%.

Bit Brother EBIT Historical Data

The historical data trend for Bit Brother'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.

Bit Brother EBIT Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-2.04

-2.29

-8.60

-10.09

-42.21

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-7.94	-4.51	-5.58	-7.44	-34.77

Competitive Comparison of Bit Brother's EBIT

For the Capital Markets subindustry, Bit Brother'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.

Bit Brother's EV-to-EBIT Distribution in the Capital Markets Industry

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

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

Bit Brother 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-42.21 Mil.

Bit Brother (OTCPK:BETSF) EBIT Explanation

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

Bit Brother's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-69.536 * ( 1 - 0% )	/	( (100.706	+	26.815)	/ 2 )
=	-69.536	/	63.7605
=	-109.06 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	104.818	-	0.089	-	( 4.023	-	max(0, 0.76	-	30.683	+	4.023	))
=	100.706

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	32.264	-	0.081	-	( 5.368	-	max(0, 2.799	-	10.307	+	5.368	))
=	26.815

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Bit Brother's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-69.536	/	( ( (72.69 + max(2.605, 0))	+	(20.646 + max(1.266, 0)) )	/	2 )
=	-69.536	/	( ( 75.295	+	21.912 )	/	2 )
=	-69.536	/	48.6035
=	-143.07 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.278	+	2.703)	-	(0.089	+	0.029	+	0.258)
=	2.605

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.009	+	0.188	+	3.435)	-	(0.081	+	0.087	+	2.198)
=	1.266

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Bit Brother's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-42.209	/	-3.947
	=	1,069.39 %

Bit Brother EBIT Related Terms

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Bit Brother (Bit Brother) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (OTCPK:BETSF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.