AB International Group (AB International Group) EBIT : $-1.72 Mil (TTM As of Feb. 2024)

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What is AB International Group EBIT?

AB International Group's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $-0.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $-1.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AB International Group's annualized ROC % for the quarter that ended in Feb. 2024 was -71.18%. AB International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -311.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AB International Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -64.92%.

AB International Group EBIT Historical Data

The historical data trend for AB International Group'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.

AB International Group EBIT Chart

AB International Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

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-0.41

-1.27

-3.48

-2.17

-3.56

AB International Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial															-1.06	-0.64	-0.64	0.06	-0.49

Competitive Comparison of AB International Group's EBIT

For the Entertainment subindustry, AB International Group'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.

AB International Group's EV-to-EBIT Distribution in the Media - Diversified Industry

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

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

AB International Group 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.72 Mil.

AB International Group (OTCPK:ABQQ) EBIT Explanation

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

AB International Group's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	-1.952 * ( 1 - 0% )	/	( (3.112	+	2.373)	/ 2 )
=	-1.952	/	2.7425
=	-71.18 %

where

	Invested Capital		(Q: Nov. 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	))
=	2.656	-	0.342	-	( 0.261	-	max(0, 1.116	-	0.318	+	0.261	))
=	3.112

	Invested Capital		(Q: Feb. 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	))
=	1.79	-	0.152	-	( 0.034	-	max(0, 0.799	-	0.064	+	0.034	))
=	2.373

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

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

AB International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.952	/	( ( (0.653 + max(-0.285, 0))	+	(0.602 + max(-0.205, 0)) )	/	2 )
=	-1.952	/	( ( 0.653	+	0.602 )	/	2 )
=	-1.952	/	0.6275
=	-311.08 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.057	+	0	+	0)	-	(0.342	+	0	+	0)
=	-0.285

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(0.152	+	0.083	+	1.1102230246252E-16)
=	-0.205

When net working capital is negative, 0 is used.

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

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

AB International Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	-1.719	/	2.648
	=	-64.92 %

AB International Group EBIT Related Terms

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AB International Group (AB International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AB International Group Corp (OTCPK:ABQQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Main Street, Mount Kisco, New York, NY, USA, 10549

Website

https://www.abqqs.com

AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.

Executives

Chiyuan Deng	director, officer: President	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Pathikonda Sivakumar Arikeri	10 percent owner	#08-245, BLOCK #107, YISHUN KING ROAD, SINGAPORE U0 760107
Lijun Yu	10 percent owner, officer: Chief Marketing Officer	16TH FLOOR, RICH TOWERS, 2 BLENHEIM AVENUE, TSIM SHA TSUI, KOWLOON K3 00000
Linqing Ye	director	SHOP 518 5/F TM PLAZA, 88 QINGHEZHONGLU, GUANGZHOU F4 511400
Alexander Holtermann	director, officer: Chief Executive Officer	KRANICHSTEINER STR 21, 60598 FRANKFURT AM MAIN 2M 60598
Jianli Deng	10 percent owner, officer: Secretary and Treasurer	2/F 45 HOLLYWOOD ROAD, HONG KONG K3 999077
Ian Wright	officer: Chief Operating Officer	BOECKLINSTRASSE 3, FRANKFURT AM MAIN GERMANY, FRANKFURT 2M 60596
Luis Hadic	officer: Chief Financial Officer	23717 110B AVE., MAPLE RIDGE A1 V2W 2E2
Ho Ming Chung	officer: Chief Technology Officer	23/F ROOM 8 BLOCK A WANG KWONG BLDG., 22 NGAU TAU KOK ROAD, KOWLOON K3 999077