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Ossen Innovation Co EBIT

: $16.1 Mil (TTM As of Jun. 2020)
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Ossen Innovation Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2020 was $7.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $16.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ossen Innovation Co's annualized ROC % for the quarter that ended in Jun. 2020 was 8.53%. Ossen Innovation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 9.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ossen Innovation Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 20.04%.


Ossen Innovation Co EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Ossen Innovation Co Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.62 9.08 8.20 15.14 16.14

Ossen Innovation Co Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 6.79 8.35 7.36 8.79 7.85

Ossen Innovation Co 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 semi-annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $16.1 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Ossen Innovation Co  (NAS:OSN) EBIT Explanation

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

Ossen Innovation Co's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

ROC % (Q: Jun. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=15.634 * ( 1 - 6.81% )/( (166.524 + 175.18)/ 2 )
=14.5693246/170.852
=8.53 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data.

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

Ossen Innovation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2019  Q: Jun. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15.704/( ( (2.948 + max(153.567, 0)) + (2.688 + max(160.714, 0)) )/ 2 )
=15.704/( ( 156.515 + 163.402 )/ 2 )
=15.704/159.9585
=9.82 %

where Working Capital is:

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(73.081 + 15.1 + 80.418) - (8.542 + 6.491 + -0.00099999999999767)
=153.567

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.877 + 27.204 + 86.228) - (10.062 + 7.534 + -0.00099999999999767)
=160.714

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

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

Ossen Innovation Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2020 )
=16.143/80.562
=20.04 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Ossen Innovation Co EBIT Related Terms


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