Brand Engagement Network (Brand Engagement Network) EBIT : $-11.68 Mil (TTM As of Dec. 2023)

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What is Brand Engagement Network EBIT?

Brand Engagement Network's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-5.94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-11.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brand Engagement Network's annualized ROC % for the quarter that ended in Dec. 2023 was -60.10%. Brand Engagement Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,410.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brand Engagement Network's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.89%.

Brand Engagement Network EBIT Historical Data

The historical data trend for Brand Engagement Network'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.

Brand Engagement Network EBIT Chart

Brand Engagement Network Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-0.82

-1.22

-11.68

Brand Engagement Network Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	-	-0.90	-0.33	-5.73	-5.94

Competitive Comparison of Brand Engagement Network's EBIT

For the Software - Infrastructure subindustry, Brand Engagement Network'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.

Brand Engagement Network's EV-to-EBIT Distribution in the Software Industry

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

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

Brand Engagement Network 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 $-11.68 Mil.

Brand Engagement Network (NAS:BNAI) EBIT Explanation

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

Brand Engagement Network'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 )
=	-11.916 * ( 1 - 0% )	/	( (19.315	+	20.339)	/ 2 )
=	-11.916	/	19.827
=	-60.10 %

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	))
=	18.835	-	0.936	-	( 0.288	-	max(0, 1.828	-	0.412	+	0.288	))
=	19.315

	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	))
=	22.009	-	2.92	-	( 1.685	-	max(0, 3.146	-	1.896	+	1.685	))
=	20.339

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:

Brand Engagement Network'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 )
=	-11.884	/	( ( (0.183 + max(-0.812, 0))	+	(0.803 + max(-2.712, 0)) )	/	2 )
=	-11.884	/	( ( 0.183	+	0.803 )	/	2 )
=	-11.884	/	0.493
=	-2,410.55 %

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	+	0	+	0.124)	-	(0.936	+	0	+	0)
=	-0.812

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.01	+	0	+	0.201)	-	(2.92	+	0.002	+	0.0010000000000003)
=	-2.712

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:

Brand Engagement Network's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-11.675	/	84.058
	=	-13.89 %

Brand Engagement Network EBIT Related Terms

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Brand Engagement Network (Brand Engagement Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Brand Engagement Network Inc (NAS:BNAI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 E. Snow King Avenue, PO Box 1045, Jackson, WY, USA, 83001

Website

https://www.beninc.ai

Brand Engagement Network Inc is an innovative AI platform provider, designed to interface with emerging technologies, including blockchain, the internet of Things, and cloud computing, that drive digital transformation across various industries and provide businesses with an unparalleled competitive edge. BEN offers a suite of configured and customizable applications, including natural language processing, anomaly detection, encryption, recommendation engines, sentiment analysis, image recognition, personalization, and real-time decision-making.

Brand Engagement Network (Brand Engagement Network) Headlines

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