Comtec Solar Systems Group (STU:8C11) EBIT

: €6.69 Mil (TTM As of Jun. 2023)

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Comtec Solar Systems Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €7.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €6.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comtec Solar Systems Group's annualized ROC % for the quarter that ended in Jun. 2023 was -7.03%. Comtec Solar Systems Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 355.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comtec Solar Systems Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 24.16%.

Comtec Solar Systems Group EBIT Historical Data

The historical data trend for Comtec Solar Systems Group'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.

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-13.43

-5.93

-4.16

-4.63

6.66

Comtec Solar Systems Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																-2.55	0.28	-4.89	7.21	-0.53

Competitive Comparison

For the Solar subindustry, Comtec Solar Systems Group'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.

Comtec Solar Systems Group EV-to-EBIT Distribution

For the Semiconductors industry and Technology sector, Comtec Solar Systems Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Comtec Solar Systems Group's EV-to-EBIT falls into.

Comtec Solar Systems Group 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 semi-annually data reported by the company within the most recent 12 months, which was €6.69 Mil.

Comtec Solar Systems Group (STU:8C11) EBIT Explanation

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

Comtec Solar Systems Group'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: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.294 * ( 1 - 0.03% )	/	( (46.46	+	18.772)	/ 2 )
=	-2.2933118	/	32.616
=	-7.03 %

where

	Invested Capital		(Q: Dec. 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	))
=	41.02	-	20.593	-	( 3.053	-	max(0, 56.636	-	30.603	+	3.053	))
=	46.46

	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	))
=	19.627	-	24.109	-	( 1.565	-	max(0, 33.278	-	10.024	+	1.565	))
=	18.772

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Comtec Solar Systems Group'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: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.422	/	( ( (4.312 + max(-19.621, 0))	+	(3.791 + max(-23.589, 0)) )	/	2 )
=	14.422	/	( ( 4.312	+	3.791 )	/	2 )
=	14.422	/	4.0515
=	355.97 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.809	+	0.418	+	25.1)	-	(20.593	+	0	+	25.355)
=	-19.621

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.947	+	0.519	+	0.015000000000001)	-	(24.109	+	0	+	0.961)
=	-23.589

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Comtec Solar Systems Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	6.686	/	27.672
	=	24.16 %

Comtec Solar Systems Group EBIT Related Terms

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Comtec Solar Systems Group (STU:8C11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (STU:8C11) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

00712:Hong Kong 8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (STU:8C11) Headlines

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