Kromek Group (LSE:KMK) EBIT : £-3.38 Mil (TTM As of Oct. 2023)

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What is Kromek Group EBIT?

Kromek Group's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2023 was £-2.55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was £-3.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kromek Group's annualized ROC % for the quarter that ended in Oct. 2023 was -7.83%. Kromek Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -21.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kromek Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -5.92%.

Kromek Group EBIT Historical Data

The historical data trend for Kromek Group'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.

Kromek Group EBIT Chart

Kromek Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

EBIT

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-0.75

-17.74

-5.78

-5.55

-6.05

Kromek Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
EBIT	Get a 7-Day Free Trial															-2.77	-2.77	-5.21	-0.83	-2.55

Competitive Comparison of Kromek Group's EBIT

For the Scientific & Technical Instruments subindustry, Kromek Group'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.

Kromek Group's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kromek Group's EV-to-EBIT distribution charts can be found below:

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

Kromek Group 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.38 Mil.

Kromek Group (LSE:KMK) EBIT Explanation

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

Kromek Group's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-5.07 * ( 1 - 12.17% )	/	( (55.455	+	58.272)	/ 2 )
=	-4.452981	/	56.8635
=	-7.83 %

where

	Invested Capital		(Q: Apr. 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	))
=	63.878	-	7.326	-	( 1.097	-	max(0, 16.676	-	18.46	+	1.097	))
=	55.455

	Invested Capital		(Q: Oct. 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	))
=	68.745	-	6.75	-	( 3.723	-	max(0, 10.674	-	22.02	+	3.723	))
=	58.272

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

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

Kromek Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.094	/	( ( (13.589 + max(8.449, 0))	+	(13.089 + max(11.238, 0)) )	/	2 )
=	-5.094	/	( ( 22.038	+	24.327 )	/	2 )
=	-5.094	/	23.1825
=	-21.97 %

where Working Capital is:

	Working Capital		(Q: Apr. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.568	+	10.894	+	0.94)	-	(7.326	+	0	+	0.627)
=	8.449

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.586	+	11.411	+	0.3)	-	(6.75	+	0	+	0.309)
=	11.238

When net working capital is negative, 0 is used.

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

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

Kromek Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-3.381	/	57.115
	=	-5.92 %

Kromek Group EBIT Related Terms

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Kromek Group (LSE:KMK) Business Description

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KRMKF:USA

Address

Thomas Wright Way, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.kromek.com

Kromek Group PLC is the developer of radiation detectors based on cadmium zinc telluride, providing improved detection and characterization capabilities within the medical imaging, nuclear detection, and security screening markets. Based on its technology platforms, the company design, develop, and produces x-ray and gamma-ray imaging and radiation detection products for the industrial and consumer markets. Some of its products include TN15 thermal neutron detector, SPEAR CZT-based radiation detector, VTF voltage to frequency converter, D3S NET networked radiation detector, and Photon-counting spectral CT. Its geographical segments include the United Kingdom, North America, Asia, Europe, and Australasia, of which the majority of the revenue comes from North America.

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