Paranovus Entertainment Technology (Paranovus Entertainment Technology) EBIT : $-56.82 Mil (TTM As of Sep. 2023)

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What is Paranovus Entertainment Technology EBIT?

Paranovus Entertainment Technology's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $9.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-56.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Paranovus Entertainment Technology's annualized ROC % for the quarter that ended in Sep. 2023 was -98.62%. Paranovus Entertainment Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 437.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Paranovus Entertainment Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1,002.86%.

Paranovus Entertainment Technology EBIT Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology EBIT Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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21.99

15.63

1.76

-57.66

-68.66

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial									-10.36	-47.31	-2.09	-66.57	9.75

Competitive Comparison of Paranovus Entertainment Technology's EBIT

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's EV-to-EBIT falls into.

Paranovus Entertainment Technology 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-56.82 Mil.

Paranovus Entertainment Technology (NAS:PAVS) EBIT Explanation

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

Paranovus Entertainment Technology's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-21.448 * ( 1 - 0% )	/	( (33.855	+	9.64)	/ 2 )
=	-21.448	/	21.7475
=	-98.62 %

where

	Invested Capital		(Q: Mar. 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	))
=	36.34	-	13.652	-	( 3.355	-	max(0, 20.953	-	9.786	+	3.355	))
=	33.855

	Invested Capital		(Q: Sep. 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	))
=	11.17	-	0.493	-	( 1.037	-	max(0, 0.493	-	1.972	+	1.037	))
=	9.64

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

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

Paranovus Entertainment Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	19.496	/	( ( (8.47 + max(-14.536, 0))	+	(0.003 + max(0.442, 0)) )	/	2 )
=	19.496	/	( ( 8.47	+	0.445 )	/	2 )
=	19.496	/	4.4575
=	437.38 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.706	+	0.335	+	2.135)	-	(13.652	+	5.06	+	0)
=	-14.536

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.017	+	0.015	+	0.903)	-	(0.493	+	0	+	0)
=	0.442

When net working capital is negative, 0 is used.

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

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

Paranovus Entertainment Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-56.822	/	5.666
	=	-1,002.86 %

Paranovus Entertainment Technology EBIT Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2UO:Germany

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.