8Common (ASX:8CO) EBIT : A$-3.98 Mil (TTM As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is 8Common EBIT?

8Common's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.98 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 8Common's annualized ROC % for the quarter that ended in Dec. 2023 was -113.11%. 8Common's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4,315.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 8Common's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -58.82%.

8Common EBIT Historical Data

The historical data trend for 8Common'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.

8Common EBIT Chart

8Common Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-1.35

-0.77

-1.53

-2.30

-3.30

8Common Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial														-0.95	-1.35	-1.25	-2.05	-1.93

Competitive Comparison of 8Common's EBIT

For the Software - Application subindustry, 8Common'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.

8Common's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, 8Common's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 8Common's EV-to-EBIT falls into.

8Common 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 semi-annually data reported by the company within the most recent 12 months, which was A$-3.98 Mil.

8Common (ASX:8CO) EBIT Explanation

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

8Common'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.862 * ( 1 - 0% )	/	( (3.625	+	3.204)	/ 2 )
=	-3.862	/	3.4145
=	-113.11 %

where

	Invested Capital		(Q: Jun. 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	))
=	5.738	-	1.92	-	( 1.809	-	max(0, 2.56	-	2.753	+	1.809	))
=	3.625

	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	))
=	4.46	-	2.716	-	( 0.848	-	max(0, 3.297	-	1.837	+	0.848	))
=	3.204

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

8Common'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.862	/	( ( (0.099 + max(-1.616, 0))	+	(0.08 + max(-2.308, 0)) )	/	2 )
=	-3.862	/	( ( 0.099	+	0.08 )	/	2 )
=	-3.862	/	0.0895
=	-4,315.08 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.809	+	0	+	0.135)	-	(1.92	+	0	+	0.64)
=	-1.616

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.828	+	0	+	0.161)	-	(2.716	+	0	+	0.581)
=	-2.308

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

8Common's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.983	/	6.771
	=	-58.82 %

8Common EBIT Related Terms

Thank you for viewing the detailed overview of 8Common's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

8Common (ASX:8CO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8Common Ltd (ASX:8CO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.8common.com

8Common Ltd is engaged in the business of developing and distributing software. The company distributes two software solutions - expense8, and perform8. Its only operating segment is Productivity and Performance. Expense8 is a Travel and Expense management software solution that manages and streamlines the end-to-end processing of employee-generated expenses. Its Perform8 is a survey and action planning solution that diagnoses and prioritizes areas for improvement across the business. The company's newest software solution is CardHero: which is an integrated fund disbursement and spend management solution.

8Common (ASX:8CO) Headlines

No Headlines