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Micro Base Technology (ROCO:3184) EBIT : NT$64.6 Mil (TTM As of Jun. 2024)


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What is Micro Base Technology EBIT?

Micro Base Technology's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NT$43.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NT$64.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Micro Base Technology's annualized ROC % for the quarter that ended in Jun. 2024 was 12.92%. Micro Base Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 31.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Micro Base Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.22%.


Micro Base Technology EBIT Historical Data

The historical data trend for Micro Base 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.

Micro Base Technology EBIT Chart

Micro Base Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -44.67 -70.27 -35.51 11.84 33.00

Micro Base Technology Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.64 10.20 11.59 21.41 43.21

Competitive Comparison of Micro Base Technology's EBIT

For the Electronic Components subindustry, Micro Base 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.


Micro Base Technology's EV-to-EBIT Distribution in the Hardware Industry

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

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



Micro Base 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$64.6 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.


Micro Base Technology  (ROCO:3184) EBIT Explanation

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

Micro Base Technology'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 )
=61.962 * ( 1 - 4.11% )/( (433.318 + 486.131)/ 2 )
=59.4153618/459.7245
=12.92 %

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))
=622.677 - 36.83 - ( 152.529 - max(0, 60.439 - 225.635+152.529))
=433.318

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))
=703.506 - 27.876 - ( 189.499 - max(0, 51.077 - 263.021+189.499))
=486.131

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:

Micro Base Technology'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 )
=86.418/( ( (158.111 + max(28.19, 0)) + (312.563 + max(41.718, 0)) )/ 2 )
=86.418/( ( 186.301 + 354.281 )/ 2 )
=86.418/270.291
=31.97 %

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)
=(15.723 + 30.284 + 23.221) - (36.83 + 0 + 4.208)
=28.19

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.575 + 28.822 + 27.958) - (27.876 + 0 + 3.761)
=41.718

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=64.614/786.472
=8.22 %

* 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.


Micro Base Technology EBIT Related Terms

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Micro Base Technology Business Description

Traded in Other Exchanges
N/A
Address
No.756, Qiajuan Road, Bade District, Taoyuan, TWN, 33464
Micro Base Technology Corp is engaged in the development of Laser LIGA, a non-silicon-based micromachining technology. It is involved in the research and development, manufacturing, and sale of miniaturized devices, and micron-scale parts and systems in Taiwan. The company offers its products under three categories namely electronic, beauty, and medical devices. It also engaged in designing and consulting business.

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