SOCO (ASX:SOC) EBIT : A$-0.69 Mil (TTM As of Jun. 2024)

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What is SOCO EBIT?

SOCO's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$0.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-0.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SOCO's annualized ROC % for the quarter that ended in Jun. 2024 was -13.20%. SOCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 61.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SOCO's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.42%.

SOCO EBIT Historical Data

The historical data trend for SOCO'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.

SOCO EBIT Chart

SOCO Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

EBIT

1.76

2.08

-0.69

SOCO Semi-Annual Data
	Jun21	Dec22	Jun23	Dec23	Jun24
EBIT	-	0.41	1.66	-0.91	0.22

Competitive Comparison of SOCO's EBIT

For the Information Technology Services subindustry, SOCO'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.

SOCO's EV-to-EBIT Distribution in the Software Industry

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

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

SOCO 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.69 Mil.

SOCO (ASX:SOC) EBIT Explanation

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

SOCO's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-1.146 * ( 1 - -43.91% )	/	( (13.198	+	11.796)	/ 2 )
=	-1.6492086	/	12.497
=	-13.20 %

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	))
=	15.518	-	2.519	-	( 2.748	-	max(0, 5.475	-	5.276	+	2.748	))
=	13.198

	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	))
=	15.178	-	2.5	-	( 2.404	-	max(0, 4.638	-	5.52	+	2.404	))
=	11.796

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

SOCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.43	/	( ( (0.253 + max(-2.92, 0))	+	(1.153 + max(-0.883, 0)) )	/	2 )
=	0.43	/	( ( 0.253	+	1.153 )	/	2 )
=	0.43	/	0.703
=	61.17 %

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)
=	(2.256	+	0	+	0.272)	-	(2.519	+	0.41	+	2.519)
=	-2.92

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.841	+	0	+	0.278)	-	(2.5	+	0.075	+	1.427)
=	-0.883

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.693	/	15.684
	=	-4.42 %

SOCO EBIT Related Terms

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SOCO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SOCO Corp Ltd (ASX:SOC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Edward Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.soco.com.au

SOCO Corp Ltd is an Australian-based IT consultancy, specializing in the delivery of cloud solutions, business applications, and integration projects - with a particular focus on Microsoft solutions. The company provides solutions under Microsoft 365, Dynamics 365, Business Central, Power Apps, Sharepoint, Azure AI.