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Ocean Fresh Bhd (XKLS:0312) EBIT : RM7.2 Mil (TTM As of Dec. 2023)


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What is Ocean Fresh Bhd EBIT?

Ocean Fresh Bhd's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was RM7.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was RM7.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ocean Fresh Bhd's annualized ROC % for the quarter that ended in Dec. 2023 was 20.58%. Ocean Fresh Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ocean Fresh Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.96%.

Ocean Fresh Bhd EBIT Historical Data

The historical data trend for Ocean Fresh Bhd'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.

Ocean Fresh Bhd EBIT Chart

Ocean Fresh Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
2.53 4.52 7.06 7.19

Ocean Fresh Bhd Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
EBIT 2.53 4.52 7.06 7.19

Competitive Comparison of Ocean Fresh Bhd's EBIT

For the Packaged Foods subindustry, Ocean Fresh Bhd'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.

Ocean Fresh Bhd's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean Fresh Bhd's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ocean Fresh Bhd's EV-to-EBIT falls into.


Ocean Fresh Bhd 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was RM7.2 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.

Ocean Fresh Bhd  (XKLS:0312) EBIT Explanation

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

Ocean Fresh Bhd's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=8.204 * ( 1 - 0.51% )/( (34.666 + 44.653)/ 2 )
=8.1621596/39.6595
=20.58 %

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))
=53.751 - 12.517 - ( 6.568 - max(0, 14.189 - 44.004+6.568))
=34.666

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))
=74.03 - 11.73 - ( 17.647 - max(0, 17.273 - 63.97+17.647))
=44.653

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

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

Ocean Fresh Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.194/( ( (9.697 + max(22.897, 0)) + (10.01 + max(33.49, 0)) )/ 2 )
=7.194/( ( 32.594 + 43.5 )/ 2 )
=7.194/38.047
=18.91 %

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)
=(18.431 + 10.269 + 7.533) - (12.517 + 0 + 0.819)
=22.897

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.194 + 28.063 + 6.484) - (11.73 + 0 + 0.521)
=33.49

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Ocean Fresh Bhd's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=7.194/80.305
=8.96 %

* 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.

Ocean Fresh Bhd EBIT Related Terms

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Ocean Fresh Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean Fresh Bhd (XKLS:0312) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lot 19869, Kampung Baru Peramu, Kuantan, PHG, MYS, 26060
Website
https://www.oceanfresh.com.my
Ocean Fresh Bhd is an investment holding company and through its subsidiaries, It is engaged in the processing and trading of frozen seafood products and frozen seafood processing services. Its processing and trading of frozen seafood products includes Molluscs mainly comprised cuttlefish, squid, octopus and ark shell meat, Fishes mainly comprised tuna, bonito, leatherjacket, mackerel, ribbonfish, pomfret and other types of fishes and Others mainly comprised sea cucumber, prawn and abalone.

Ocean Fresh Bhd Headlines

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