Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) EBIT : ¥-127.6 Mil (TTM As of Sep. 2024)

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What is Suzhou QingYue Optoelectronics Technology Co EBIT?

Suzhou QingYue Optoelectronics Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-10.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-127.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Suzhou QingYue Optoelectronics Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was -2.93%. Suzhou QingYue Optoelectronics Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Suzhou QingYue Optoelectronics Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3.25%.

Suzhou QingYue Optoelectronics Technology Co EBIT Historical Data

The historical data trend for Suzhou QingYue Optoelectronics Technology Co'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.

Suzhou QingYue Optoelectronics Technology Co EBIT Chart

Suzhou QingYue Optoelectronics Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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54.20

69.84

65.02

62.67

-137.10

Suzhou QingYue Optoelectronics Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial												-38.77	-72.50	-8.41	-35.89	-10.80

Competitive Comparison of Suzhou QingYue Optoelectronics Technology Co's EBIT

For the Electronic Components subindustry, Suzhou QingYue Optoelectronics Technology Co'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.

Suzhou QingYue Optoelectronics Technology Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou QingYue Optoelectronics Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Suzhou QingYue Optoelectronics Technology Co's EV-to-EBIT falls into.

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Suzhou QingYue Optoelectronics Technology Co 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 quarterly data reported by the company within the most recent 12 months, which was ¥-127.6 Mil.

Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) EBIT Explanation

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

Suzhou QingYue Optoelectronics Technology Co'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: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-37.576 * ( 1 - -5.36% )	/	( (1354.496	+	1349.6)	/ 2 )
=	-39.5900736	/	1352.048
=	-2.93 %

where

	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	))
=	1950.339	-	169.121	-	( 426.722	-	max(0, 548.233	-	1057.101	+	426.722	))
=	1354.496

	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	))
=	1844.667	-	162.828	-	( 332.239	-	max(0, 458.258	-	958.033	+	332.239	))
=	1349.6

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Suzhou QingYue Optoelectronics Technology Co'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: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-43.18	/	( ( (650.353 + max(448.079, 0))	+	(649.106 + max(439.684, 0)) )	/	2 )
=	-43.18	/	( ( 1098.432	+	1088.79 )	/	2 )
=	-43.18	/	1093.611
=	-3.95 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(172.721	+	407.55	+	47.105)	-	(169.121	+	0	+	10.176)
=	448.079

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(255.147	+	323.219	+	33.436)	-	(162.828	+	0	+	9.29)
=	439.684

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Suzhou QingYue Optoelectronics Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-127.589	/	3922.283
	=	-3.25 %

Suzhou QingYue Optoelectronics Technology Co EBIT Related Terms

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Suzhou QingYue Optoelectronics Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou QingYue Optoelectronics Technology Co Ltd (SHSE:688496) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 188, Chenfeng Road, High-tech Zone, Jiangsu Province, Kunshan, CHN, 215300

Website

http://www.qingyue-tech.com

Suzhou QingYue Optoelectronics Technology Co Ltd is a high-tech enterprise specializing in independent research and development, large-scale production, and marketing of OLED and other display devices. It focuses on new display solutions such as PMOLED, silicon-based OLED, and electronic paper. The products are widely used in smart home, smart wear, industrial control instruments, medical equipment, financial communication and other fields.

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