AADirection Capital (TSXV:AAD.P) EBIT : C$-0.07 Mil (TTM As of Jun. 2023)

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What is AADirection Capital EBIT?

AADirection Capital's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was C$-0.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AADirection Capital's annualized ROC % for the quarter that ended in Jun. 2023 was -61.76%. AADirection Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AADirection Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -15.86%.

AADirection Capital EBIT Historical Data

The historical data trend for AADirection Capital'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.

AADirection Capital EBIT Chart

AADirection Capital Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-0.10

-0.02

AADirection Capital Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial					-0.01	-	-	-0.05	-0.02

Competitive Comparison of AADirection Capital's EBIT

For the Shell Companies subindustry, AADirection Capital'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.

AADirection Capital's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AADirection Capital's EV-to-EBIT distribution charts can be found below:

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

AADirection Capital 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.07 Mil.

AADirection Capital (TSXV:AAD.P) EBIT Explanation

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

AADirection Capital's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.084 * ( 1 - 0% )	/	( (0.135	+	0.137)	/ 2 )
=	-0.084	/	0.136
=	-61.76 %

where

	Invested Capital		(Q: Mar. 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	))
=	0.323	-	0.021	-	( 0.167	-	max(0, 0.021	-	0.323	+	0.167	))
=	0.135

	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	))
=	0.303	-	0.02	-	( 0.146	-	max(0, 0.02	-	0.303	+	0.146	))
=	0.137

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

AADirection Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.084	/	( ( (0 + max(-0.021, 0))	+	(0 + max(-0.02, 0)) )	/	2 )
=	-0.084	/	( ( 0	+	0 )	/	2 )
=	-0.084	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.021	+	0	+	0)
=	-0.021

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.02	+	0	+	0)
=	-0.02

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

AADirection Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.069	/	0.435
	=	-15.86 %

AADirection Capital EBIT Related Terms

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AADirection Capital (TSXV:AAD.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AADirection Capital Corp (TSXV:AAD.P) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

28th Street West, Suite 2110, Vancouver, BC, CAN, V7V 4M3

Website

AADirection Capital Corp is a capital pool company.

AADirection Capital (TSXV:AAD.P) Headlines

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