Apex International Financial Engineering Res & Tec Co (ROCO:5210) EBIT : NT$-101.8 Mil (TTM As of Mar. 2024)

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What is Apex International Financial Engineering Res & Tec Co EBIT?

Apex International Financial Engineering Res & Tec Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$-30.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-101.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apex International Financial Engineering Res & Tec Co's annualized ROC % for the quarter that ended in Mar. 2024 was -24.84%. Apex International Financial Engineering Res & Tec Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -44.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Apex International Financial Engineering Res & Tec Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.28%.

Apex International Financial Engineering Res & Tec Co EBIT Historical Data

The historical data trend for Apex International Financial Engineering Res & Tec 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.

Apex International Financial Engineering Res & Tec Co EBIT Chart

Apex International Financial Engineering Res & Tec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-22.99

-84.50

-20.09

-7.07

-89.48

Apex International Financial Engineering Res & Tec Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-17.69	-21.26	-25.40	-25.13	-30.04

Competitive Comparison of Apex International Financial Engineering Res & Tec Co's EBIT

For the Software - Application subindustry, Apex International Financial Engineering Res & Tec 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.

Apex International Financial Engineering Res & Tec Co's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Apex International Financial Engineering Res & Tec Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Apex International Financial Engineering Res & Tec Co's EV-to-EBIT falls into.

Apex International Financial Engineering Res & Tec 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-101.8 Mil.

Apex International Financial Engineering Res & Tec Co (ROCO:5210) EBIT Explanation

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

Apex International Financial Engineering Res & Tec Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-118.904 * ( 1 - 4% )	/	( (443.739	+	475.235)	/ 2 )
=	-114.14784	/	459.487
=	-24.84 %

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	))
=	634.914	-	84.343	-	( 223.759	-	max(0, 207.856	-	314.688	+	223.759	))
=	443.739

	Invested Capital		(Q: Mar. 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	))
=	598.511	-	39.547	-	( 195.417	-	max(0, 200.78	-	284.509	+	195.417	))
=	475.235

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

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

Apex International Financial Engineering Res & Tec Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-120.172	/	( ( (270.612 + max(-65.86, 0))	+	(268.023 + max(-21.55, 0)) )	/	2 )
=	-120.172	/	( ( 270.612	+	268.023 )	/	2 )
=	-120.172	/	269.3175
=	-44.62 %

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)
=	(3.511	+	3.035	+	25.165)	-	(84.343	+	0	+	13.228)
=	-65.86

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.917	+	1.941	+	17.239)	-	(39.547	+	0	+	17.1)
=	-21.55

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Apex International Financial Engineering Res & Tec Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-101.83	/	2380.586
	=	-4.28 %

Apex International Financial Engineering Res & Tec Co EBIT Related Terms

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Apex International Financial Engineering Res & Tec Co (ROCO:5210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Apex International Financial Engineering Res & Tec Co Ltd (ROCO:5210) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

No. 329, Xinhu 2nd Road, 5th Floor, Neihu District, Taipei, TWN

Website

https://www.apex.com.tw

Apex International Financial Engineering Res & Tec Co Ltd is a Taiwan-based company engaged in providing financial technology integration services. The segments of the company are Information Services, Green Energy Development, and Investment, of which maximum revenue is generated from Information Services. The Company is mainly engaged in information software service, electronic information supply service, system integration service, and solar power equipment engineering contracts.

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