UMeWorld (UMeWorld) EBIT : $-0.31 Mil (TTM As of Sep. 2023)

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What is UMeWorld EBIT?

UMeWorld's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $-0.31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.31 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UMeWorld's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.55%.

UMeWorld EBIT Historical Data

The historical data trend for UMeWorld'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.

UMeWorld EBIT Chart

UMeWorld Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-0.12

-0.14

-0.10

-0.09

-0.31

UMeWorld Semi-Annual Data
	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
EBIT	Get a 7-Day Free Trial															-0.12	-0.14	-0.10	-0.09	-0.31

Competitive Comparison of UMeWorld's EBIT

For the Packaged Foods subindustry, UMeWorld'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.

UMeWorld's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, UMeWorld's EV-to-EBIT distribution charts can be found below:

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

UMeWorld 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.31 Mil.

UMeWorld (OTCPK:UMEWF) EBIT Explanation

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

UMeWorld's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.306 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.306	/	0
=	%

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	0.028	-	0.382	-	( 0.002	-	max(0, 0.382	-	0.028	+	0.002	))
=	0

	Invested Capital		(Q: Sep. 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	))
=	0.059	-	0.435	-	( 0.057	-	max(0, 0.435	-	0.059	+	0.057	))
=	0

Note: The Operating Income data used here is one times the annual (Sep. 2023) data.

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.306	/	( ( (0 + max(-0.356, 0))	+	(0 + max(-0.433, 0)) )	/	2 )
=	-0.306	/	( ( 0	+	0 )	/	2 )
=	-0.306	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.012	+	0.014)	-	(0.382	+	0	+	0)
=	-0.356

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.002)	-	(0.435	+	0	+	0)
=	-0.433

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.306	/	55.215
	=	-0.55 %

UMeWorld EBIT Related Terms

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UMeWorld (UMeWorld) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » UMeWorld Ltd (OTCPK:UMEWF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Yee Wo Street, Unit B, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, Hong Kong, HKG

Website

http://www.umeworld.com

UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.

Executives

Sandro Persia	officer: Secretary & Treasurer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
John David Milroy	director
Marcel Urbanc	officer: Chief Financial Officer
Sai Ming Wong	other: Former Director & Officer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Michael Weisspapir	officer: Chief Medical Scientist	CO/ EASGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109
Man Ching Lee	director, 10 percent owner, officer: President	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Keith Ford Moore	director	NEUMARKET, ONT CANADA, L3Y 1J8 A6 00000
Joseph Schwarz	officer: Chief Scientist	CO/ EASTGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109