MSM International (SGX:5QR) EBIT : S$0.83 Mil (TTM As of Sep. 2024)

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What is MSM International EBIT?

MSM International's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was S$0.76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was S$0.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MSM International's annualized ROC % for the quarter that ended in Sep. 2024 was 3.06%. MSM International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MSM International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.19%.

MSM International EBIT Historical Data

The historical data trend for MSM International'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.

MSM International EBIT Chart

MSM International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-1.87

-1.99

2.35

1.28

MSM International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial															1.10	0.22	1.24	0.07	0.76

Competitive Comparison of MSM International's EBIT

For the Furnishings, Fixtures & Appliances subindustry, MSM International'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.

MSM International's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MSM International's EV-to-EBIT distribution charts can be found below:

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

MSM International 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.83 Mil.

MSM International (SGX:5QR) EBIT Explanation

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

MSM International's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	1.16 * ( 1 - 26.11% )	/	( (27.325	+	28.777)	/ 2 )
=	0.857124	/	28.051
=	3.06 %

where

	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	))
=	30.641	-	3.098	-	( 2.109	-	max(0, 13.717	-	13.935	+	2.109	))
=	27.325

	Invested Capital		(Q: Sep. 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	))
=	33.284	-	4.441	-	( 1.889	-	max(0, 15.72	-	15.786	+	1.889	))
=	28.777

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.522	/	( ( (11.027 + max(7.41, 0))	+	(11.488 + max(9.455, 0)) )	/	2 )
=	1.522	/	( ( 18.437	+	20.943 )	/	2 )
=	1.522	/	19.69
=	7.73 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.324	+	2.649	+	2.59)	-	(3.098	+	0	+	1.055)
=	7.41

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.875	+	3.159	+	2.863)	-	(4.441	+	0	+	0.00099999999999945)
=	9.455

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	0.83	/	19.795
	=	4.19 %

MSM International EBIT Related Terms

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MSM International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MSM International Ltd (SGX:5QR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan KPB 5, Lot 1909, Kawasan Perindustrian Kampung Baru Balakong, Seri Kembangan, SGR, MYS, 43300

Website

https://www.msmmgroup.com

MSM International Ltd is an integrated metal engineering company. The company offers a comprehensive suite of services spanning design, product development, prototyping, tool and die fabrication, production, and assembly. Its business activities are segmented into three segment OEM contract manufacturing; Kitchen appliances, equipment, and related services; and cleanrooms and laboratories. It operates in geographical markets like Malaysia, Australia, Singapore, Indonesia and other countries. Majority of the revenue is generated from the Kitchen appliances, equipment, and related services segment.

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