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Titan Invo Technology (HKSE:00872) EBIT : HK$-505.8 Mil (TTM As of Dec. 2021)


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What is Titan Invo Technology EBIT?

Titan Invo Technology's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was HK$-453.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was HK$-505.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Titan Invo Technology's annualized ROC % for the quarter that ended in Dec. 2021 was -11.32%. Titan Invo Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -2,278.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Titan Invo Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -54.26%.


Titan Invo Technology EBIT Historical Data

The historical data trend for Titan Invo 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.

Titan Invo Technology EBIT Chart

Titan Invo Technology Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -57.02 -71.93 -247.94 -220.23 -505.76

Titan Invo Technology Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
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 -205.86 -108.80 -111.42 -51.84 -453.91

Competitive Comparison of Titan Invo Technology's EBIT

For the Auto Parts subindustry, Titan Invo 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.


Titan Invo Technology's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Titan Invo Technology's EV-to-EBIT distribution charts can be found below:

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



Titan Invo 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 Dec. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-505.8 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.


Titan Invo Technology  (HKSE:00872) EBIT Explanation

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

Titan Invo Technology's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=-189.814 * ( 1 - 1.17% )/( (1974.983 + 1340.649)/ 2 )
=-187.5931762/1657.816
=-11.32 %

where

Invested Capital(Q: Jun. 2021 )
=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))
=1499.732 - 145.268 - ( 171.91 - max(0, 1059.073 - 438.554+171.91))
=1974.983

Invested Capital(Q: Dec. 2021 )
=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))
=820.02 - 196.702 - ( 24.114 - max(0, 919.427 - 202.096+24.114))
=1340.649

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

Titan Invo Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-907.826/( ( (49.828 + max(-95.848, 0)) + (29.86 + max(-26.07, 0)) )/ 2 )
=-907.826/( ( 49.828 + 29.86 )/ 2 )
=-907.826/39.844
=-2,278.45 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.666 + 18.3 + 47.753) - (145.268 + 0 + 46.299)
=-95.848

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(155.802 + 22.18 + 0) - (196.702 + 0 + 7.35)
=-26.07

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2021 )
=-505.756/932.106
=-54.26 %

* 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.


Titan Invo Technology EBIT Related Terms

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Titan Invo Technology (HKSE:00872) Business Description

Traded in Other Exchanges
N/A
Address
1 Zhongguancun East Road, 19th Floor, Block B, Science and Technology Building, Tsinghua Science and Technology Park, Haidian District, Beijing, CHN
Titan Invo Technology Ltd formerly TUS International Ltd is principally engaged in research and development, production and sales of automotive driving assistance system (ADAS) and automotive-grade wireless connectivity modules. Its operating segments are Automotive-grade wireless connectivity business which involves the research and development and sales of automotive-grade wireless connectivity modules in Europe, the United States and the Asia Pacific region, and the ADAS products segment which consists of the research and development, production and sales of ADAS products and software algorithm products in the PRC. The company operates in the PRC, Europe, the United States, and Asia pacific.
Executives
Si Chuan Sheng Neng Yuan Tou Zi Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Ma Chi Kong Karl 2101 Beneficial owner
Wang Jiwu 2201 Interest of corporation controlled by you
Qing Hua Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Qing Hua Da Xue 2201 Interest of corporation controlled by you
Bei Jing Bai Jun Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Tus-holdings Co., Ltd.
Tuspark Venture Investment Ltd
Wang Jiwu
Shen Xiao
Yi Zhuang Guo Ji Kong Gu Xiang Gang You Xian Gong Si
Bei Jing Yi Zhuang Guo Ji Tou Zi Fa Zhan You Xian Gong Si

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