HIVE Digital Technologies (HIVE Digital Technologies) EBIT : $-31.7 Mil (TTM As of Dec. 2023)

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What is HIVE Digital Technologies EBIT?

HIVE Digital Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-4.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-31.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HIVE Digital Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -25.74%. HIVE Digital Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HIVE Digital Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.82%.

HIVE Digital Technologies EBIT Historical Data

The historical data trend for HIVE Digital Technologies'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.

HIVE Digital Technologies EBIT Chart

HIVE Digital Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-137.85

-0.41

25.51

85.91

-232.43

HIVE Digital Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-92.87	8.33	-13.56	-22.11	-4.36

Competitive Comparison of HIVE Digital Technologies's EBIT

For the Capital Markets subindustry, HIVE Digital Technologies'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.

HIVE Digital Technologies's EV-to-EBIT Distribution in the Capital Markets Industry

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

* The bar in red indicates where HIVE Digital Technologies's EV-to-EBIT falls into.

HIVE Digital Technologies 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.7 Mil.

HIVE Digital Technologies (NAS:HIVE) EBIT Explanation

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

HIVE Digital Technologies's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-32.624 * ( 1 - -33.62% )	/	( (149.039	+	189.721)	/ 2 )
=	-43.5921888	/	169.38
=	-25.74 %

where

	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	))
=	169.957	-	13.882	-	( 7.036	-	max(0, 25.405	-	63.954	+	7.036	))
=	149.039

	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	))
=	231.235	-	16.79	-	( 24.724	-	max(0, 29.854	-	104.812	+	24.724	))
=	189.721

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

HIVE Digital Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-17.436	/	( ( (96.333 + max(43.036, 0))	+	(100.876 + max(63.298, 0)) )	/	2 )
=	-17.436	/	( ( 139.369	+	164.174 )	/	2 )
=	-17.436	/	151.7715
=	-11.49 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.028	+	46.89	+	0)	-	(13.882	+	0	+	0)
=	43.036

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.194	+	71.894	+	-1.4210854715202E-14)	-	(16.79	+	0	+	0)
=	63.298

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

HIVE Digital Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-31.696	/	268.123
	=	-11.82 %

HIVE Digital Technologies EBIT Related Terms

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HIVE Digital Technologies (HIVE Digital Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HIVE Digital Technologies Ltd (NAS:HIVE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

YO0:Germany HIVE:Canada

Address

789 West Pender Street, Suite 855, Vancouver, BC, CAN, V6C 1H2

Website

https://www.hiveblockchain.com

HIVE Digital Technologies Ltd formerly HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.