New Momentum (New Momentum) EBIT : $-0.24 Mil (TTM As of Mar. 2024)

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What is New Momentum EBIT?

New Momentum's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Momentum's annualized ROC % for the quarter that ended in Mar. 2024 was -117.65%. New Momentum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -289.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Momentum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -40.41%.

New Momentum EBIT Historical Data

The historical data trend for New Momentum'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.

New Momentum EBIT Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-0.02

-4.15

-0.28

-0.18

-0.30

New Momentum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.08	-0.08	-0.04	-0.11	-0.02

Competitive Comparison of New Momentum's EBIT

For the Travel Services subindustry, New Momentum'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.

New Momentum's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's EV-to-EBIT distribution charts can be found below:

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

New Momentum 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 $-0.24 Mil.

New Momentum (OTCPK:NNAX) EBIT Explanation

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

New Momentum'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 )
=	-0.1 * ( 1 - 0% )	/	( (0.127	+	0.043)	/ 2 )
=	-0.1	/	0.085
=	-117.65 %

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	))
=	0.064	-	0.621	-	( 0.017	-	max(0, 0.722	-	0.038	+	0.017	))
=	0.127

	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	))
=	0.058	-	0.627	-	( 0.017	-	max(0, 0.65	-	0.038	+	0.017	))
=	0.043

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

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

New Momentum'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 )
=	-0.068	/	( ( (0.027 + max(-0.62, 0))	+	(0.02 + max(-0.625, 0)) )	/	2 )
=	-0.068	/	( ( 0.027	+	0.02 )	/	2 )
=	-0.068	/	0.0235
=	-289.36 %

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)
=	(0.001	+	0	+	-6.9388939039072E-18)	-	(0.621	+	0	+	0)
=	-0.62

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	0	+	0.00099999999999999)	-	(0.627	+	0	+	0)
=	-0.625

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.236	/	0.584
	=	-40.41 %

New Momentum EBIT Related Terms

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New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

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