GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High Power Lighting Corp (ROCO:6559) » Definitions » EBIT

High Power Lighting (ROCO:6559) EBIT : NT$-7.92 Mil (TTM As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is High Power Lighting EBIT?

High Power Lighting's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NT$-3.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-7.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. High Power Lighting's annualized ROC % for the quarter that ended in Dec. 2023 was -31.10%. High Power Lighting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. High Power Lighting's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.93%.


High Power Lighting EBIT Historical Data

The historical data trend for High Power Lighting'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.

High Power Lighting EBIT Chart

High Power Lighting 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 -40.49 -29.44 -7.63 2.62 -7.92

High Power Lighting 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 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 -4.97 3.82 -1.20 -4.72 -3.19

Competitive Comparison of High Power Lighting's EBIT

For the Electrical Equipment & Parts subindustry, High Power Lighting'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.


High Power Lighting's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, High Power Lighting's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where High Power Lighting's EV-to-EBIT falls into.



High Power Lighting 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 NT$-7.92 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.


High Power Lighting  (ROCO:6559) EBIT Explanation

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

High Power Lighting'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 )
=-12.772 * ( 1 - 0% )/( (41.044 + 41.095)/ 2 )
=-12.772/41.0695
=-31.10 %

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))
=253.351 - 10.904 - ( 201.352 - max(0, 16.862 - 235.899+201.352))
=41.095

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:

High Power Lighting'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 )
=-6.388/( ( (6.709 + max(26.521, 0)) + (14.723 + max(23.235, 0)) )/ 2 )
=-6.388/( ( 33.23 + 37.958 )/ 2 )
=-6.388/35.594
=-17.95 %

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)
=(9.732 + 30.628 + 1.558) - (11.38 + 0 + 4.017)
=26.521

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.224 + 25.346 + 1.977) - (10.904 + 0 + 0.408)
=23.235

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:

High Power Lighting's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-7.916/56.829
=-13.93 %

* 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.


High Power Lighting EBIT Related Terms

Thank you for viewing the detailed overview of High Power Lighting's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


High Power Lighting (ROCO:6559) Business Description

Traded in Other Exchanges
N/A
Address
Number 173-8, Yongfeng Road, 2nd Floor, Tu Cheng District, New Taipei City, Taipei, TWN, 236
High Power Lighting Corp is involved in packaging, manufacturing, and designing of LED products. The company offers LED Lighting, Specialty UV, and IR Lighting & Plant-Growth Lighting.

High Power Lighting (ROCO:6559) Headlines

No Headlines