PT Goto Gojek Tokopedia Tbk (ISX:GOTO) EBIT : Rp-87,043,368 Mil (TTM As of Mar. 2024)

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What is PT Goto Gojek Tokopedia Tbk EBIT?

PT Goto Gojek Tokopedia Tbk's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was Rp-831,793 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was Rp-87,043,368 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Goto Gojek Tokopedia Tbk's annualized ROC % for the quarter that ended in Mar. 2024 was -14.93%. PT Goto Gojek Tokopedia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -372.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Goto Gojek Tokopedia Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -173.07%.

PT Goto Gojek Tokopedia Tbk EBIT Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk'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.

PT Goto Gojek Tokopedia Tbk EBIT Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-24,116,032.00

-16,634,042.00

-21,994,854.00

-40,351,285.00

-90,276,641.00

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial										-4,065,066.00	-3,233,964.00	-2,341,964.00	-80,635,647.00	-831,793.00

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's EBIT

For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk'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.

PT Goto Gojek Tokopedia Tbk's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's EV-to-EBIT falls into.

PT Goto Gojek Tokopedia Tbk 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 Rp-87,043,368 Mil.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) EBIT Explanation

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

PT Goto Gojek Tokopedia Tbk'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 )
=	-3767876 * ( 1 - 2.35% )	/	( (26178539	+	23115021)	/ 2 )
=	-3679330.914	/	24646780
=	-14.93 %

where

	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	))
=	54097256	-	7123970	-	( 27758334	-	max(0, 12822544	-	33617291	+	27758334	))
=	26178539

	Invested Capital		(Q: Mar. 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	))
=	47735756	-	4763648	-	( 23425787	-	max(0, 9210737	-	29067824	+	23425787	))
=	23115021

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

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

PT Goto Gojek Tokopedia Tbk'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 )
=	-3327172	/	( ( (1038618 + max(-8778333, 0))	+	(749377 + max(-6652873, 0)) )	/	2 )
=	-3327172	/	( ( 1038618	+	749377 )	/	2 )
=	-3327172	/	893997.5
=	-372.17 %

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)
=	(601244	+	71426	+	2468837)	-	(7123970	+	0	+	4795870)
=	-8778333

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(687495	+	75735	+	888923)	-	(4763648	+	0	+	3541378)
=	-6652873

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:

PT Goto Gojek Tokopedia Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-87043368	/	50294487.212
	=	-173.07 %

PT Goto Gojek Tokopedia Tbk EBIT Related Terms

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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

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