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ACM Research's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $43.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $144.9 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ACM Research's annualized ROC % for the quarter that ended in Sep. 2024 was 15.25%. ACM Research's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 25.12%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. ACM Research's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 18.68%.
The historical data trend for ACM Research'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.
ACM Research Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
EBIT | Get a 7-Day Free Trial | 19.69 | 20.28 | 43.82 | 69.02 | 118.90 |
ACM Research Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 32.35 | 32.12 | 27.24 | 41.67 | 43.89 |
For the Semiconductor Equipment & Materials subindustry, ACM Research'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.
For the Semiconductors industry and Technology sector, ACM Research's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where ACM Research's EV-to-EBIT falls into.
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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $144.9 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.
ACM Research (NAS:ACMR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
ACM Research's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 176.736 * ( 1 - 9.39% ) | / | ( (998.165 | + | 1102.671) | / 2 ) |
= | 160.1404896 | / | 1050.418 | |||
= | 15.25 % |
where
Invested Capital | (Q: Jun. 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 | )) |
= | 1667.575 | - | 298.599 | - | ( 370.811 | - | max(0, 586.17 | - | 1343.162 | + | 370.811 | )) |
= | 998.165 |
Invested Capital | (Q: Sep. 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 | )) |
= | 1794.175 | - | 317.377 | - | ( 374.127 | - | max(0, 610.035 | - | 1445.314 | + | 374.127 | )) |
= | 1102.671 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ACM Research's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 175.548 | / | ( ( (243.855 + max(409.17, 0)) | + | (274.431 + max(470.145, 0)) ) | / | 2 ) |
= | 175.548 | / | ( ( 653.025 | + | 744.576 ) | / | 2 ) |
= | 175.548 | / | 698.8005 | ||||
= | 25.12 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (293.499 | + | 602.927 | + | 22.231) | - | (298.599 | + | 210.888 | + | 0) |
= | 409.17 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (370.589 | + | 628.72 | + | 14.029) | - | (317.377 | + | 225.816 | + | 0) |
= | 470.145 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
ACM Research's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | 144.922 | / | 775.636 | |
= | 18.68 % |
* 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.
Thank you for viewing the detailed overview of ACM Research's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
David H Wang | director, 10 percent owner, officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Haiping Dun | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Xiao Xing | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREEMONT CA 94539 |
Shanghai Science & Technology Venture Capital (group) Co., Ltd. | 10 percent owner, other: Possible member of 10% group | FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 201203 |
Mark Mckechnie | officer: See remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Jian Wang | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Sotheara Cheav | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Lisa Feng | officer: See remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Tracy Liu | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Fuping Chen | officer: See Remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Shanghai Pudong Science & Technology Investment Group Co., Ltd. | 10 percent owner, other: Possible member of 10% group | FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 200120 |
Yinan Xiang | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Chenming Hu | director | 2060 PEBBLE DRIVE, ALAMO CA 94507 |
Zhengfan Yang | director | XINXIN (HONGKONG) CAPITAL CO., LIMITED, 3RD FLOOR NORTH, NO. 7 FINANCIAL STREET, XICHENG DISTRICT, BEIJING F4 100033 |
Fufa Chen | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
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