GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promise Technology Inc (TPE:3057) » Definitions » EBIT

Promise Technology (TPE:3057) EBIT : NT$-124.3 Mil (TTM As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Promise Technology EBIT?

Promise Technology's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$-4.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-124.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Promise Technology's annualized ROC % for the quarter that ended in Mar. 2024 was -9.48%. Promise Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Promise Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -11.19%.


Promise Technology EBIT Historical Data

The historical data trend for Promise Technology'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.

Promise Technology EBIT Chart

Promise Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -295.57 -24.89 14.74 10.14 -135.13

Promise Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.27 -30.71 -10.06 -79.09 -4.41

Competitive Comparison of Promise Technology's EBIT

For the Computer Hardware subindustry, Promise Technology'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.


Promise Technology's EV-to-EBIT Distribution in the Hardware Industry

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

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



Promise Technology 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 NT$-124.3 Mil.

* 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.


Promise Technology  (TPE:3057) EBIT Explanation

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

Promise Technology'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 )
=-61.348 * ( 1 - -11.57% )/( (715.227 + 728.712)/ 2 )
=-68.4459636/721.9695
=-9.48 %

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))
=1188.635 - 65.643 - ( 407.765 - max(0, 375.404 - 891.174+407.765))
=715.227

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))
=1164.042 - 59.806 - ( 375.524 - max(0, 347.174 - 866.521+375.524))
=728.712

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

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

Promise Technology'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 )
=-17.652/( ( (138.781 + max(368.508, 0)) + (132.668 + max(387.311, 0)) )/ 2 )
=-17.652/( ( 507.289 + 519.979 )/ 2 )
=-17.652/513.634
=-3.44 %

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)
=(53.051 + 411.679 + 18.679) - (65.643 + 0 + 49.258)
=368.508

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.862 + 401.589 + 21.546) - (59.806 + 0 + 43.88)
=387.311

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-124.271/1110.325
=-11.19 %

* 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.


Promise Technology EBIT Related Terms

Thank you for viewing the detailed overview of Promise Technology's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Promise Technology (TPE:3057) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Industrial East 9th Road IX, 2nd Floor, Hsinchu Science Industrial Park, Hsinchu County, Hsinchu, TWN
Promise Technology Inc is a developer of open storage platforms, designed for the data centre, surveillance, cloud, and rich media markets. Its product portfolio comprises VTrak, Vess, Pegasus, and SANlink. In addition, the company offers solutions, including consumer/IoT, rich media, cloud, surveillance, and IT solutions, as well as professional services comprising warranties, onsite hardware replacement, training, and installation services. It offers computer storage equipment high -performance control cards and systems, computer high-performance network and graphics systems, multimedia software, and hardware kits and systems, and Products related to computer and telephone integration technology.

Promise Technology (TPE:3057) Headlines

No Headlines