Oiltek International (SGX:HQU) EBIT : S$6.54 Mil (TTM As of Dec. 2023)

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What is Oiltek International EBIT?

Oiltek International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$4.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$6.54 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oiltek International's annualized ROC % for the quarter that ended in Dec. 2023 was 31.74%. Oiltek International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,043.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oiltek International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 45.96%.

Oiltek International EBIT Historical Data

The historical data trend for Oiltek International'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.

Oiltek International EBIT Chart

Oiltek International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.50

5.27

3.97

4.50

6.52

Oiltek International Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial					2.29	1.78	2.76	1.69	4.85

Competitive Comparison of Oiltek International's EBIT

For the Specialty Industrial Machinery subindustry, Oiltek International'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.

Oiltek International's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oiltek International's EV-to-EBIT distribution charts can be found below:

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

Oiltek International 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 S$6.54 Mil.

Oiltek International (SGX:HQU) EBIT Explanation

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

Oiltek International'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 )
=	9.702 * ( 1 - 23.43% )	/	( (22.131	+	24.686)	/ 2 )
=	7.4288214	/	23.4085
=	31.74 %

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	))
=	45.905	-	8.625	-	( 25.274	-	max(0, 29.815	-	44.964	+	25.274	))
=	22.131

	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	))
=	52.973	-	9.994	-	( 37.881	-	max(0, 33.6	-	51.893	+	37.881	))
=	24.686

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:

Oiltek International'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 )
=	9.702	/	( ( (0.917 + max(-15.877, 0))	+	(0.942 + max(-25.761, 0)) )	/	2 )
=	9.702	/	( ( 0.917	+	0.942 )	/	2 )
=	9.702	/	0.9295
=	1,043.79 %

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)
=	(13.699	+	0.203	+	0.036000000000001)	-	(8.625	+	0	+	21.19)
=	-15.877

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.193	+	0.164	+	0.482)	-	(9.994	+	0	+	23.606)
=	-25.761

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:

Oiltek International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	6.544	/	14.239
	=	45.96 %

Oiltek International EBIT Related Terms

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Oiltek International (SGX:HQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oiltek International Ltd (SGX:HQU) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan MIEL Phase 10, Lot 6, Jalan Pasaran 23/5, Section 23, Selangor Darul Ehsan, Shah Alam, SGR, MYS, 40300

Website

https://www.oiltek.com.my

Oiltek International Ltd is an integrated process technology and renewable energy solutions provider in the vegetable oils industry. It is engaged in the supply and provision of engineering design and commissioning of oil extraction equipment and plant. The company provides solutions that cater to all types of vegetable oils, including palm oil, soybean oil, and rapeseed oil, which are some of the major agricultural commodities in the world.

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