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Abundante (SGX:570) EBIT : S$0.11 Mil (TTM As of Aug. 2024)


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What is Abundante EBIT?

Abundante's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was S$-0.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was S$0.11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Abundante's annualized ROC % for the quarter that ended in Aug. 2024 was -4.62%. Abundante's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -4.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Abundante's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 0.83%.


Abundante EBIT Historical Data

The historical data trend for Abundante'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.

Abundante EBIT Chart

Abundante Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.14 -1.42 2.59 0.51 0.62

Abundante Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.31 0.20 0.35 0.27 -0.16

Competitive Comparison of Abundante's EBIT

For the Rental & Leasing Services subindustry, Abundante'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.


Abundante's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Abundante's EV-to-EBIT distribution charts can be found below:

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



Abundante 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.11 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.


Abundante  (SGX:570) EBIT Explanation

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

Abundante's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-0.32 * ( 1 - -1.98% )/( (6.671 + 7.463)/ 2 )
=-0.326336/7.067
=-4.62 %

where

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data.

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

Abundante's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.32/( ( (3.217 + max(2.678, 0)) + (5.246 + max(2.217, 0)) )/ 2 )
=-0.32/( ( 5.895 + 7.463 )/ 2 )
=-0.32/6.679
=-4.79 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.26 + 0.509 + 0.95) - (0.443 + 0 + 0.598)
=2.678

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.569 + 0.472 + 0) - (0.824 + 0 + 0)
=2.217

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=0.11/13.321
=0.83 %

* 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.


Abundante EBIT Related Terms

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Abundante Business Description

Traded in Other Exchanges
N/A
Address
160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022
Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company supplying ready-mixed concrete and the manufacture and sale of ready-mixed concrete. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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