Ostin Technology Group Co (Ostin Technology Group Co) EBIT : $-9.68 Mil (TTM As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Ostin Technology Group Co EBIT?

Ostin Technology Group Co's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $-4.92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-9.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ostin Technology Group Co's annualized ROC % for the quarter that ended in Sep. 2023 was -18.17%. Ostin Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -29.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ostin Technology Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -30.35%.

Ostin Technology Group Co EBIT Historical Data

The historical data trend for Ostin Technology Group Co'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.

Ostin Technology Group Co EBIT Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

0.87

3.48

3.21

1.16

-9.68

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial				1.18	2.20	-1.03	-4.76	-4.92

Competitive Comparison of Ostin Technology Group Co's EBIT

For the Electronic Components subindustry, Ostin Technology Group Co'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.

Ostin Technology Group Co's EV-to-EBIT Distribution in the Hardware Industry

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

* The bar in red indicates where Ostin Technology Group Co's EV-to-EBIT falls into.

Ostin Technology Group Co 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-9.68 Mil.

Ostin Technology Group Co (NAS:OST) EBIT Explanation

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

Ostin Technology Group Co's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-9.832 * ( 1 - -5.93% )	/	( (56.932	+	57.705)	/ 2 )
=	-10.4150376	/	57.3185
=	-18.17 %

where

	Invested Capital		(Q: Mar. 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	))
=	57.677	-	9.595	-	( 2.62	-	max(0, 37.151	-	28.301	+	2.62	))
=	56.932

	Invested Capital		(Q: Sep. 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	))
=	56.549	-	14.937	-	( 0.855	-	max(0, 40.531	-	24.438	+	0.855	))
=	57.705

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

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

Ostin Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.832	/	( ( (23.444 + max(12, 0))	+	(25.198 + max(6.205, 0)) )	/	2 )
=	-9.832	/	( ( 35.444	+	31.403 )	/	2 )
=	-9.832	/	33.4235
=	-29.42 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.649	+	16.192	+	3.449)	-	(9.595	+	2.695	+	0)
=	12

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.485	+	14.419	+	1.812)	-	(14.937	+	1.574	+	0)
=	6.205

When net working capital is negative, 0 is used.

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

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

Ostin Technology Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-9.677	/	31.882
	=	-30.35 %

Ostin Technology Group Co EBIT Related Terms

Thank you for viewing the detailed overview of Ostin Technology Group Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.