Smarter Microelectronics (Guangzhou) Co (SHSE:688512) EBIT : ¥-393.8 Mil (TTM As of Sep. 2024)

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What is Smarter Microelectronics (Guangzhou) Co EBIT?

Smarter Microelectronics (Guangzhou) Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-114.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-393.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smarter Microelectronics (Guangzhou) Co's annualized ROC % for the quarter that ended in Sep. 2024 was -29.92%. Smarter Microelectronics (Guangzhou) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -66.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smarter Microelectronics (Guangzhou) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -9.39%.

Smarter Microelectronics (Guangzhou) Co EBIT Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co EBIT Chart

Smarter Microelectronics (Guangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-68.10

-101.11

-330.24

-336.63

-406.86

Smarter Microelectronics (Guangzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial										-134.53	-97.09	-80.57	-101.85	-114.25

Competitive Comparison of Smarter Microelectronics (Guangzhou) Co's EBIT

For the Semiconductors subindustry, Smarter Microelectronics (Guangzhou) 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.

Smarter Microelectronics (Guangzhou) Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Smarter Microelectronics (Guangzhou) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Smarter Microelectronics (Guangzhou) Co's EV-to-EBIT falls into.

Smarter Microelectronics (Guangzhou) 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 ¥-393.8 Mil.

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) EBIT Explanation

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

Smarter Microelectronics (Guangzhou) 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 )
=	-413.38 * ( 1 - -0.01% )	/	( (1446.905	+	1316.815)	/ 2 )
=	-413.421338	/	1381.86
=	-29.92 %

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	))
=	2301.592	-	105.341	-	( 749.346	-	max(0, 136.98	-	1433.221	+	749.346	))
=	1446.905

	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	))
=	2298.314	-	137.246	-	( 844.253	-	max(0, 203.503	-	1515.842	+	844.253	))
=	1316.815

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

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

Smarter Microelectronics (Guangzhou) 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 )
=	-456.98	/	( ( (125.063 + max(573.717, 0))	+	(137.267 + max(528.454, 0)) )	/	2 )
=	-456.98	/	( ( 698.78	+	665.721 )	/	2 )
=	-456.98	/	682.2505
=	-66.98 %

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)
=	(81.121	+	490.582	+	107.369)	-	(105.341	+	0	+	0.013999999999982)
=	573.717

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(96.703	+	478.261	+	90.88)	-	(137.246	+	0	+	0.14399999999998)
=	528.454

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:

Smarter Microelectronics (Guangzhou) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-393.752	/	4192.761
	=	-9.39 %

Smarter Microelectronics (Guangzhou) Co EBIT Related Terms

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Smarter Microelectronics (Guangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.smartermicro.com

Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

Executives

Guo Yao Hui	Directors, senior managers
Xu Bin	senior management
Su Qiang	Core technical personnel
Li Yang	Directors, senior managers, core technical personnel

Smarter Microelectronics (Guangzhou) Co Headlines

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