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Seafarer Exploration (Seafarer Exploration) EBIT : $-3.35 Mil (TTM As of Mar. 2024)


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What is Seafarer Exploration EBIT?

Seafarer Exploration's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Seafarer Exploration's annualized ROC % for the quarter that ended in Mar. 2024 was -193.57%. Seafarer Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,852.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Seafarer Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.16%.


Seafarer Exploration EBIT Historical Data

The historical data trend for Seafarer Exploration'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.

Seafarer Exploration EBIT Chart

Seafarer Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.10 -2.37 -2.45 -2.55 -3.08

Seafarer Exploration 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.97 -0.60 -0.74 -0.77 -1.25

Competitive Comparison of Seafarer Exploration's EBIT

For the Specialty Business Services subindustry, Seafarer Exploration'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.


Seafarer Exploration's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Seafarer Exploration's EV-to-EBIT distribution charts can be found below:

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



Seafarer Exploration 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 $-3.35 Mil.

* 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.


Seafarer Exploration  (OTCPK:SFRX) EBIT Explanation

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

Seafarer Exploration'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 )
=-4.392 * ( 1 - 0% )/( (2.145 + 2.393)/ 2 )
=-4.392/2.269
=-193.57 %

where

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

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

Seafarer Exploration'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 )
=-5.012/( ( (0.279 + max(-0.689, 0)) + (0.262 + max(-0.694, 0)) )/ 2 )
=-5.012/( ( 0.279 + 0.262 )/ 2 )
=-5.012/0.2705
=-1,852.87 %

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)
=(0 + 0 + 0.016) - (0.565 + 0.14 + 0)
=-0.689

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.011) - (0.566 + 0.14 + -0.00099999999999989)
=-0.694

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:

Seafarer Exploration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-3.354/80.618
=-4.16 %

* 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.


Seafarer Exploration EBIT Related Terms

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Seafarer Exploration (Seafarer Exploration) Business Description

Traded in Other Exchanges
N/A
Address
14497 N. Dale Mabry Highway, Suite 209-N, Tampa, FL, USA, 33618
Seafarer Exploration Corp is an underwater research, exploration and recovery company. It develops the infrastructure to engage in the archaeologically sensitive exploration and recovery of historic shipwrecks. The company is engaged in the archaeologically sensitive exploration, documentation, and recovery of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks. Its operating segment includes Blockchain LogisTech, LLC and Seafarer Exploration Corp. The company derives a majority of its revenue from Seafarer Exploration Corp.
Executives
Charles Branscum director 199 JONES DRIVE, BATESVILLE AR 72501
Bradford S Clark director 1603 STONEHENGE PLACE, LITTLE ROCK AR 72212
Thomas B Soeder director 1413 MAYESVILLE WAY, THE VILLAGES FL 32162
Robert L. Kennedy director 41 TIMBERLANE TRAIL, CONWAY AR 72034-3611
Micah James Eldred 10 percent owner 15500 ROOSEVELT BLVD., SUITE 303, CLEARWATER FL 33760
Pelle Ojasu director 14497 N. DALE MABRY HIGHWAY, SUITE 209N, TAMPA FL 33618
Credo Argentarius, L.l.c. 10 percent owner 17547 HUGH LANE, LAND O LAKES FL 34638
Linda Gail Kennedy 10 percent owner 17547 HUGH LANE, LAND O LAKES FL 34638
Solar Funding Solutions Corp. 10 percent owner 140 ISLAND WAY, NO. 252, CLEARWATER BEACH FL 33767
Seth M Shaw director, officer: CEO, President 55 W 25 STREET, APT 33A, NEW YORK NY 10010