GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » EBIT

Legible (XCNQ:READ) EBIT : C$-3.84 Mil (TTM As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Legible EBIT?

Legible's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$-1.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-3.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Legible's annualized ROC % for the quarter that ended in Dec. 2023 was -647.75%. Legible's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -976,800.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Legible's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.66%.


Legible EBIT Historical Data

The historical data trend for Legible'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.

Legible EBIT Chart

Legible Annual Data
Trend Jun20 Jun21 Dec22 Dec23
EBIT
-0.13 -0.11 -8.53 -4.38

Legible Quarterly Data
Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 -1.32 -2.52 -1.10 -1.51 -1.22

Competitive Comparison of Legible's EBIT

For the Publishing subindustry, Legible'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.


Legible's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's EV-to-EBIT distribution charts can be found below:

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



Legible 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 C$-3.84 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.


Legible  (XCNQ:READ) EBIT Explanation

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

Legible'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 )
=-4.884 * ( 1 - 0% )/( (0.61 + 0.898)/ 2 )
=-4.884/0.754
=-647.75 %

where

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

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

Legible'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 )
=-4.884/( ( (0.001 + max(-1.78, 0)) + (0 + max(-2.048, 0)) )/ 2 )
=-4.884/( ( 0.001 + 0 )/ 2 )
=-4.884/0.0005
=-976,800.00 %

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)
=(0.001 + 0 + 0.151) - (1.933 + 0 + -0.0010000000000003)
=-1.78

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.063) - (2.11 + 0.001 + 4.4408920985006E-16)
=-2.048

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-3.835/12.929
=-29.66 %

* 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.


Legible EBIT Related Terms

Thank you for viewing the detailed overview of Legible's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Legible (XCNQ:READ) Business Description

Traded in Other Exchanges
Address
2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2
Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.
Executives
Angela Jean Doll Senior Officer

Legible (XCNQ:READ) Headlines

No Headlines