Darco Water Technologies (SGX:BLR) EBIT : S$2.89 Mil (TTM As of Jun. 2023)

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What is Darco Water Technologies EBIT?

Darco Water Technologies's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was S$0.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was S$2.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Darco Water Technologies's annualized ROC % for the quarter that ended in Jun. 2023 was 2.34%. Darco Water Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 35.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Darco Water Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 130.58%.

Darco Water Technologies EBIT Historical Data

The historical data trend for Darco Water Technologies'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.

Darco Water Technologies EBIT Chart

Darco Water Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-1.13

-11.35

2.08

-6.73

1.58

Darco Water Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-2.20	-4.53	-0.37	1.94	0.95

Competitive Comparison of Darco Water Technologies's EBIT

For the Pollution & Treatment Controls subindustry, Darco Water Technologies'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.

Darco Water Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Darco Water Technologies's EV-to-EBIT distribution charts can be found below:

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

Darco Water Technologies 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$2.89 Mil.

Darco Water Technologies (SGX:BLR) EBIT Explanation

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

Darco Water Technologies'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 )
=	1.154 * ( 1 - 1.94% )	/	( (44.875	+	51.987)	/ 2 )
=	1.1316124	/	48.431
=	2.34 %

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	))
=	86.97	-	22.267	-	( 19.828	-	max(0, 45.66	-	68.237	+	19.828	))
=	44.875

	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	))
=	84.333	-	19.167	-	( 13.179	-	max(0, 40.435	-	62.033	+	13.179	))
=	51.987

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:

Darco Water Technologies'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 )
=	1.9	/	( ( (5.49 + max(-12.056, 0))	+	(5.359 + max(-11.96, 0)) )	/	2 )
=	1.9	/	( ( 5.49	+	5.359 )	/	2 )
=	1.9	/	5.4245
=	35.03 %

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)
=	(20.575	+	3.544	+	6.387)	-	(22.267	+	0	+	20.295)
=	-12.056

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(22.663	+	3.177	+	0.209)	-	(19.167	+	0	+	18.842)
=	-11.96

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:

Darco Water Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	2.891	/	2.214
	=	130.58 %

Darco Water Technologies EBIT Related Terms

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Darco Water Technologies (SGX:BLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Darco Water Technologies Ltd (SGX:BLR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

120 Lower Delta Road, No. 04-03 Cendex Centre, Singapore, SGP, 169208

Website

https://www.darcowater.com

Darco Water Technologies Ltd is a provider of integrated engineering and knowledge-based water and waste water treatment solutions, and vacuum systems with a global presence in China, Malaysia and Singapore. It is also an Engineering, Procurement, and Construction player specializing in industrial water treatment. The company's segments include EE Systems that designs, fabricates, assembles, installs and commissions engineered water systems for industrial application; WM Services which services and maintains water and wastewater treatment plants; and Trading is engaged in the trade and supplies of goods comprising chemicals, electrical controls and related instruments used in water treatment systems.

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