UTStarcom Holdings (MEX:UTSI) EBIT : MXN-116.2 Mil (TTM As of Dec. 2023)

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What is UTStarcom Holdings EBIT?

UTStarcom Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was MXN-48.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was MXN-116.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UTStarcom Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -56.95%. UTStarcom Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -162.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UTStarcom Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.11%.

UTStarcom Holdings EBIT Historical Data

The historical data trend for UTStarcom Holdings'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.

UTStarcom Holdings EBIT Chart

UTStarcom Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-74.08

-506.21

-109.11

-85.53

-115.58

UTStarcom Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-127.06	-56.47	-30.80	-67.63	-48.61

Competitive Comparison of UTStarcom Holdings's EBIT

For the Communication Equipment subindustry, UTStarcom Holdings'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.

UTStarcom Holdings's EV-to-EBIT Distribution in the Hardware Industry

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

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

UTStarcom Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was MXN-116.2 Mil.

UTStarcom Holdings (MEX:UTSI) EBIT Explanation

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

UTStarcom Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-97.228 * ( 1 - -30.5% )	/	( (235.951	+	209.666)	/ 2 )
=	-126.88254	/	222.8085
=	-56.95 %

where

	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	))
=	1346.31	-	274.422	-	( 840.223	-	max(0, 390.092	-	1226.029	+	840.223	))
=	235.951

	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	))
=	1315.165	-	304.179	-	( 848.169	-	max(0, 396.994	-	1198.314	+	848.169	))
=	209.666

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

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

UTStarcom Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-97.228	/	( ( (50.832 + max(13.389, 0))	+	(55.319 + max(-39.753, 0)) )	/	2 )
=	-97.228	/	( ( 64.221	+	55.319 )	/	2 )
=	-97.228	/	59.77
=	-162.67 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(141.06	+	19.955	+	224.791)	-	(274.422	+	16.715	+	81.28)
=	13.389

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(142.244	+	13.495	+	181.404)	-	(304.179	+	5.058	+	67.659)
=	-39.753

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-116.247	/	-399.344
	=	29.11 %

UTStarcom Holdings EBIT Related Terms

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UTStarcom Holdings (MEX:UTSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTStarcom Holdings Corp (MEX:UTSI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

UTSI:USA

Address

368 Liuhe Road, 4th Floor, South Wing, Binjiang District, Hangzhou, CHN, 310052

Website

https://www.utstar.com

UTStarcom Holdings Corp operates as a telecom infrastructure provider. It develops technology for bandwidth from cloud-based services, mobile, streaming, and other applications. The range of solutions is designed to expand and modernize telecommunications networks through smooth network system integration, lower operating costs, and increased broadband access. The business activity of the firm is operated through the Equipment and Service segment. The Equipment segment is focused on equipment sales, including network infrastructure and application products, and the Service segment is engaged in providing services and support of equipment products and also the new operational support. The company operates in China, India, Japan, Taiwan, and other countries.