Advanced Braking Technology (ASX:ABV) EBIT : A$1.61 Mil (TTM As of Dec. 2023)

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What is Advanced Braking Technology EBIT?

Advanced Braking Technology's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$0.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$1.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advanced Braking Technology's annualized ROC % for the quarter that ended in Dec. 2023 was 4.61%. Advanced Braking Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advanced Braking Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.25%.

Advanced Braking Technology EBIT Historical Data

The historical data trend for Advanced Braking Technology'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.

Advanced Braking Technology EBIT Chart

Advanced Braking Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-1.35

0.47

0.70

0.73

1.54

Advanced Braking Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.17	0.56	0.80	0.75	0.86

Competitive Comparison of Advanced Braking Technology's EBIT

For the Auto Parts subindustry, Advanced Braking Technology'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.

Advanced Braking Technology's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Advanced Braking Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Advanced Braking Technology's EV-to-EBIT falls into.

Advanced Braking Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1.61 Mil.

Advanced Braking Technology (ASX:ABV) EBIT Explanation

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

Advanced Braking Technology'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.332 * ( 1 - 0% )	/	( (6.884	+	7.533)	/ 2 )
=	0.332	/	7.2085
=	4.61 %

where

	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	))
=	10.959	-	2.027	-	( 2.048	-	max(0, 2.862	-	8.469	+	2.048	))
=	6.884

	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	))
=	10.676	-	1.196	-	( 1.947	-	max(0, 1.731	-	8.183	+	1.947	))
=	7.533

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

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

Advanced Braking Technology'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.718	/	( ( (2.01 + max(3.843, 0))	+	(2.045 + max(4.684, 0)) )	/	2 )
=	1.718	/	( ( 5.853	+	6.729 )	/	2 )
=	1.718	/	6.291
=	27.31 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.959	+	3.425	+	1.057)	-	(2.027	+	0	+	0.571)
=	3.843

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.98	+	3.458	+	0.798)	-	(1.196	+	0	+	0.356)
=	4.684

When net working capital is negative, 0 is used.

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

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

Advanced Braking Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.606	/	19.476
	=	8.25 %

Advanced Braking Technology EBIT Related Terms

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Advanced Braking Technology (ASX:ABV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advanced Braking Technology Ltd (ASX:ABV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

73 Inspiration Drive, Wangara, WA, AUS, 6065

Website

https://www.advancedbraking.com

Advanced Braking Technology Ltd is an Australian firm engaged in the commercialisation, research, development, and manufacture of the ABT Failsafe Brakes, ABT Failsafe Emergency Driveline Brakes, Terra Dura Brakes, and associated braking systems. It develops its product portfolio for a diverse range of industries such as mining, defense, civil construction, and waste management industries. Geographically, the company generates a majority of its revenue from Australia and exports overseas.

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