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IOVTEC Co (ROCO:7583) EBIT : NT$175 Mil (TTM As of Jun. 2024)


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What is IOVTEC Co EBIT?

IOVTEC Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NT$120 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NT$175 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IOVTEC Co's annualized ROC % for the quarter that ended in Jun. 2024 was 18.43%. IOVTEC Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 38.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IOVTEC Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.72%.

IOVTEC Co EBIT Historical Data

The historical data trend for IOVTEC 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.

IOVTEC Co EBIT Chart

IOVTEC Co Annual Data
Trend Dec21 Dec22 Dec23
EBIT
44.27 57.35 80.89

IOVTEC Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 7.86 49.49 25.76 55.13 119.75

Competitive Comparison of IOVTEC Co's EBIT

For the Engineering & Construction subindustry, IOVTEC 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.

IOVTEC Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, IOVTEC Co's EV-to-EBIT distribution charts can be found below:

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


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IOVTEC 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$175 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.

IOVTEC Co  (ROCO:7583) EBIT Explanation

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

IOVTEC Co'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 )
=231.488 * ( 1 - 24.24% )/( (962.046 + 940.837)/ 2 )
=175.3753088/951.4415
=18.43 %

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))
=1274.483 - 251.685 - ( 267.736 - max(0, 413.7 - 474.452+267.736))
=962.046

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))
=1421.401 - 357.896 - ( 272.678 - max(0, 492.529 - 615.197+272.678))
=940.837

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:

IOVTEC Co'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 )
=239.496/( ( (616.134 + max(-133.147, 0)) + (616.007 + max(-83.906, 0)) )/ 2 )
=239.496/( ( 616.134 + 616.007 )/ 2 )
=239.496/616.0705
=38.87 %

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)
=(144.952 + 22.699 + 22.675) - (251.685 + 0 + 71.788)
=-133.147

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(268.665 + 18.515 + 23.869) - (357.896 + 0 + 37.059)
=-83.906

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=174.873/2004.767
=8.72 %

* 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.

IOVTEC Co EBIT Related Terms

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IOVTEC Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IOVTEC Co Ltd (ROCO:7583) » Definitions » EBIT
Comparable Companies
TPE:3018 ROCO:6750 ROCO:7631 ROCO:5548 TPE:3052 ROCO:7590 ROCO:4550 ROCO:3313 ROCO:5516 ROCO:5547 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME SHSE:601390 HKSE:01800 J XKRX:028260
Traded in Other Exchanges
N/A
Address
No. 89, Section 5, Nanjing East Road, 9th Floor, Songshan District, Taipei, TWN, 105409
Website
https://www.iog-tw.com
IOVTEC Co Ltd formerly International Ocean Vessel Technical Consuitant Co Ltd is a Taiwan based company operating offering integrated services across multiple sectors. It is a local survey company that steps into the offshore wind market in Taiwan to provide integrated offshore wind services for the country's landmark projects. The company provides the services in following areas such as Marine services and Land services. Marine services include Site Appraisal and Concept Design, Foundation Design and UXO Risk Mitigation. Land services include Track Twin, Vegetation Control and Site characterization.

IOVTEC Co Headlines

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