Mooreast Holdings (SGX:1V3) EBIT : S$5.58 Mil (TTM As of Jun. 2023)

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What is Mooreast Holdings EBIT?

Mooreast Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was S$3.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was S$5.58 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mooreast Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was 2.21%. Mooreast Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 17.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mooreast Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 11.28%.

Mooreast Holdings EBIT Historical Data

The historical data trend for Mooreast Holdings'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.

Mooreast Holdings EBIT Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

4.67

-1.14

3.77

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial			0.58	-1.73	2.03	1.74	3.83

Competitive Comparison of Mooreast Holdings's EBIT

For the Aerospace & Defense subindustry, Mooreast Holdings'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.

Mooreast Holdings's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mooreast Holdings's EV-to-EBIT distribution charts can be found below:

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

Mooreast Holdings 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$5.58 Mil.

Mooreast Holdings (SGX:1V3) EBIT Explanation

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

Mooreast Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	1.384 * ( 1 - 16.68% )	/	( (50.888	+	53.244)	/ 2 )
=	1.1531488	/	52.066
=	2.21 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	74.865	-	5.002	-	( 18.975	-	max(0, 8.968	-	35.667	+	18.975	))
=	50.888

	Invested Capital		(Q: Jun. 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	))
=	79.126	-	6.858	-	( 19.024	-	max(0, 11.754	-	41.608	+	19.024	))
=	53.244

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

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

Mooreast Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7.666	/	( ( (36.644 + max(7.26, 0))	+	(35.099 + max(10.953, 0)) )	/	2 )
=	7.666	/	( ( 43.904	+	46.052 )	/	2 )
=	7.666	/	44.978
=	17.04 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.079	+	6.265	+	1.94)	-	(5.002	+	0	+	2.022)
=	7.26

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.215	+	8.151	+	1.249)	-	(6.858	+	0	+	2.804)
=	10.953

When net working capital is negative, 0 is used.

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

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

Mooreast Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	5.575	/	49.439
	=	11.28 %

Mooreast Holdings EBIT Related Terms

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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

Mooreast Holdings (SGX:1V3) Headlines

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