Vietnam Engine & Agricultural Machinery (HSTC:VEA) EBIT : ₫6,702,277 Mil (TTM As of Sep. 2024)

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What is Vietnam Engine & Agricultural Machinery EBIT?

Vietnam Engine & Agricultural Machinery's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₫1,716,324 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₫6,702,277 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vietnam Engine & Agricultural Machinery's annualized ROC % for the quarter that ended in Sep. 2024 was 0.44%. Vietnam Engine & Agricultural Machinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 233.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vietnam Engine & Agricultural Machinery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -34.16%.

Vietnam Engine & Agricultural Machinery EBIT Historical Data

The historical data trend for Vietnam Engine & Agricultural Machinery'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.

Vietnam Engine & Agricultural Machinery EBIT Chart

Vietnam Engine & Agricultural Machinery Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

7,433,492.11

5,799,657.78

5,942,777.95

7,858,144.86

6,567,414.69

Vietnam Engine & Agricultural Machinery Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial												1,620,270.31	1,622,541.30	1,488,988.58	1,874,423.92	1,716,323.51

Competitive Comparison of Vietnam Engine & Agricultural Machinery's EBIT

For the Farm & Heavy Construction Machinery subindustry, Vietnam Engine & Agricultural Machinery'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.

Vietnam Engine & Agricultural Machinery's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Vietnam Engine & Agricultural Machinery's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vietnam Engine & Agricultural Machinery's EV-to-EBIT falls into.

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Vietnam Engine & Agricultural Machinery 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫6,702,277 Mil.

Vietnam Engine & Agricultural Machinery (HSTC:VEA) EBIT Explanation

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

Vietnam Engine & Agricultural Machinery'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 )
=	52896.544 * ( 1 - 2.65% )	/	( (12459760.435	+	10937319.827)	/ 2 )
=	51494.785584	/	11698540.131
=	0.44 %

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	))
=	30040708.311	-	763753.818	-	( 16817194.058	-	max(0, 1119251.576	-	24364145.681	+	16817194.058	))
=	12459760.435

	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	))
=	31743133.711	-	849329.616	-	( 19956484.268	-	max(0, 1200096.354	-	25053222.133	+	19956484.268	))
=	10937319.827

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Vietnam Engine & Agricultural Machinery'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 )
=	6865294.056	/	( ( (1512858.607 + max(1498838.382, 0))	+	(1476082.331 + max(1399428.022, 0)) )	/	2 )
=	6865294.056	/	( ( 3011696.989	+	2875510.353 )	/	2 )
=	6865294.056	/	2943603.671
=	233.23 %

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)
=	(881505.457	+	1245849.318	+	352904.128)	-	(763753.818	+	0	+	217666.703)
=	1498838.382

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(876265.096	+	1245811.58	+	342229.626)	-	(849329.616	+	0	+	215548.664)
=	1399428.022

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:

Vietnam Engine & Agricultural Machinery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	6702277.322	/	-19617781.631
	=	-34.16 %

Vietnam Engine & Agricultural Machinery EBIT Related Terms

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Vietnam Engine & Agricultural Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Vietnam Engine & Agricultural Machinery Corp (HSTC:VEA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zone D Group D1, Phu Thuong Ward, Tay Ho District, HaNoi, VNM

Website

http://www.veamcorp.com

Vietnam Engine & Agricultural Machinery Corp is engaged in manufacturing and trading machinery and spare parts for agricultural, forestry and fishery production and transportation. Its products include VEAM cars, tractors, engine, agricultural machinery, and accessories.