DMG Blockchain Solutions (TSXV:DMGI) EBIT : C$0.20 Mil (TTM As of Mar. 2024)

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What is DMG Blockchain Solutions EBIT?

DMG Blockchain Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$0.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$0.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DMG Blockchain Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was -8.28%. DMG Blockchain Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DMG Blockchain Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.18%.

DMG Blockchain Solutions EBIT Historical Data

The historical data trend for DMG Blockchain Solutions'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.

DMG Blockchain Solutions EBIT Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-7.58

-2.54

-9.23

-16.96

-16.30

DMG Blockchain Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-3.80	-3.86	-3.08	6.98	0.17

Competitive Comparison of DMG Blockchain Solutions's EBIT

For the Capital Markets subindustry, DMG Blockchain Solutions'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.

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

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

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

DMG Blockchain Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.20 Mil.

DMG Blockchain Solutions (TSXV:DMGI) EBIT Explanation

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

DMG Blockchain Solutions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-8.04 * ( 1 - 0% )	/	( (83.28	+	110.849)	/ 2 )
=	-8.04	/	97.0645
=	-8.28 %

where

	Invested Capital		(Q: Dec. 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	))
=	90.977	-	4.863	-	( 2.834	-	max(0, 6.294	-	35.222	+	2.834	))
=	83.28

	Invested Capital		(Q: Mar. 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	))
=	118.359	-	5.402	-	( 2.108	-	max(0, 17.657	-	50.212	+	2.108	))
=	110.849

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

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

DMG Blockchain Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.66	/	( ( (43.715 + max(25.535, 0))	+	(42.632 + max(40.725, 0)) )	/	2 )
=	0.66	/	( ( 69.25	+	83.357 )	/	2 )
=	0.66	/	76.3035
=	0.86 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.117	+	0	+	29.367)	-	(4.863	+	0.085	+	0.00099999999999945)
=	25.535

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.196	+	0	+	46.001)	-	(5.402	+	0.071	+	-0.0010000000000012)
=	40.725

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	0.196	/	111.989
	=	0.18 %

DMG Blockchain Solutions EBIT Related Terms

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DMG Blockchain Solutions (TSXV:DMGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (TSXV:DMGI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DMGGF:USA 6AX:Germany

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.

Executives

Adrian Glover

Senior Officer

DMG Blockchain Solutions (TSXV:DMGI) Headlines

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