Global Testing (SGX:AYN) EBIT : S$5.23 Mil (TTM As of Dec. 2023)

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What is Global Testing EBIT?

Global Testing's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$1.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$5.23 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Testing's annualized ROC % for the quarter that ended in Dec. 2023 was 4.27%. Global Testing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Global Testing's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 55.65%.

Global Testing EBIT Historical Data

The historical data trend for Global Testing'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.

Global Testing EBIT Chart

Global Testing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-4.33

0.79

10.64

16.39

5.19

Global Testing Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															7.87	8.68	7.91	3.42	1.80

Competitive Comparison of Global Testing's EBIT

For the Semiconductor Equipment & Materials subindustry, Global Testing'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.

Global Testing's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global Testing's EV-to-EBIT distribution charts can be found below:

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

Global Testing 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 S$5.23 Mil.

Global Testing (SGX:AYN) EBIT Explanation

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

Global Testing'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 )
=	1.942 * ( 1 - 10.22% )	/	( (36.791	+	44.92)	/ 2 )
=	1.7435276	/	40.8555
=	4.27 %

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	))
=	71.909	-	12.378	-	( 22.845	-	max(0, 12.455	-	35.195	+	22.845	))
=	36.791

	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	))
=	74.829	-	6.77	-	( 26.658	-	max(0, 14.452	-	37.591	+	26.658	))
=	44.92

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:

Global Testing'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 )
=	3.608	/	( ( (34.596 + max(-0.85, 0))	+	(35.162 + max(-4.334, 0)) )	/	2 )
=	3.608	/	( ( 34.596	+	35.162 )	/	2 )
=	3.608	/	34.879
=	10.34 %

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)
=	(11.528	+	0	+	0)	-	(12.378	+	0	+	0)
=	-0.85

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.023	+	0	+	0)	-	(6.77	+	0	+	7.587)
=	-4.334

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.227	/	9.393
	=	55.65 %

Global Testing EBIT Related Terms

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Global Testing (SGX:AYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global Testing Corp Ltd (SGX:AYN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75 Guangfu Road, Hu-Kou, Hsin-Chu Industrial Park, Hsin-Chu, TWN, 303

Website

https://www.gttw.com.tw

Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the firm is seen across the region of Singapore, the USA, Taiwan, China, Japan, and other countries.

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