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Winking Studios (SGX:WKS) EBIT : S$1.61 Mil (TTM As of Jun. 2024)


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What is Winking Studios EBIT?

Winking Studios's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was S$1.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was S$1.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Winking Studios's annualized ROC % for the quarter that ended in Jun. 2024 was 16.12%. Winking Studios's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 46.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Winking Studios's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.43%.

Winking Studios EBIT Historical Data

The historical data trend for Winking Studios'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.

Winking Studios EBIT Chart

Winking Studios Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
2.94 4.13 1.13 2.01

Winking Studios Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial - - 1.84 0.20 1.41

Competitive Comparison of Winking Studios's EBIT

For the Electronic Gaming & Multimedia subindustry, Winking Studios'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.

Winking Studios's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Winking Studios's EV-to-EBIT distribution charts can be found below:

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


Winking Studios 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 S$1.61 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.

Winking Studios  (SGX:WKS) EBIT Explanation

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

Winking Studios'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 )
=2.55 * ( 1 - 9.7% )/( (11.476 + 17.092)/ 2 )
=2.30265/14.284
=16.12 %

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))
=40.633 - 7.28 - ( 21.877 - max(0, 8.577 - 31.661+21.877))
=11.476

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))
=39.668 - 6.854 - ( 15.722 - max(0, 8.158 - 26.925+15.722))
=17.092

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:

Winking Studios'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 )
=2.828/( ( (6.394 + max(-2.406, 0)) + (5.674 + max(-1.513, 0)) )/ 2 )
=2.828/( ( 6.394 + 5.674 )/ 2 )
=2.828/6.034
=46.87 %

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)
=(4.569 + 0 + 0.363) - (7.28 + 0 + 0.058)
=-2.406

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.468 + 0 + 3.5527136788005E-15) - (6.854 + 0 + 0.127)
=-1.513

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1.612/112.805
=1.43 %

* 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.

Winking Studios EBIT Related Terms

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Winking Studios Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Winking Studios Ltd (SGX:WKS) » Definitions » EBIT
Comparable Companies
TSE:7974 NTES RBLX TTWO EA TSE:9766 TSE:3659 TSE:9697 XKRX:259960 BILI ROCO:3293 HKSE:03888 SZSE:002602 SZSE:300418 WAR:CDR TSE:9684 SZSE:002555 SZSE:002517 SZSE:002558 TSE:3635
Traded in Other Exchanges
WKS:UK
Address
6 Raffles Quay, No. 14-06, Singapore, SGP, 048580
Website
https://www.winkingworks.com
Winking Studios Ltd is an art outsourcing and game development studio providing complete end-to-end art outsourcing and game development services across various platforms. The three primary business segments of the company are the Art Outsourcing Segment, Game Development Segment, and Global Publishing and Other Services Segment. The company derives maximum revenue from the Art Outsourcing Segment which creates and develops digital art assets as part of its provision of art outsourcing services. The Group can provide a wide gamut of design services that include 2D concept art, 3D modeling, 2D animation, 3D animation, and visual effects. This art includes environment design and game character design.

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