Wave Sync (Wave Sync) EBIT : $-1.60 Mil (TTM As of Mar. 2022)

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What is Wave Sync EBIT?

Wave Sync's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $-0.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $-1.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wave Sync's annualized ROC % for the quarter that ended in Mar. 2022 was -1.53%. Wave Sync's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -2.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wave Sync's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -1.79%.

Wave Sync EBIT Historical Data

The historical data trend for Wave Sync'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.

Wave Sync EBIT Chart

Wave Sync Annual Data

Trend

Jun09

Jun10

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

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-4.86

-5.61

-0.03

-0.04

-1.47

Wave Sync Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT	Get a 7-Day Free Trial															-0.01	-0.03	-1.19	-0.24	-0.14

Competitive Comparison of Wave Sync's EBIT

For the Shell Companies subindustry, Wave Sync'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.

Wave Sync's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Wave Sync's EV-to-EBIT distribution charts can be found below:

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

Wave Sync 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.60 Mil.

Wave Sync (OTCPK:WAYS) EBIT Explanation

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

Wave Sync's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	-0.388 * ( 1 - 0% )	/	( (24.443	+	26.4)	/ 2 )
=	-0.388	/	25.4215
=	-1.53 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	25.3	-	0.481	-	( 2.877	-	max(0, 2.673	-	3.049	+	2.877	))
=	24.443

	Invested Capital		(Q: Mar. 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	))
=	25.112	-	0.378	-	( 0.556	-	max(0, 2.613	-	0.947	+	0.556	))
=	26.4

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Wave Sync's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.576	/	( ( (21.14 + max(-0.323, 0))	+	(22.974 + max(-0.013, 0)) )	/	2 )
=	-0.576	/	( ( 21.14	+	22.974 )	/	2 )
=	-0.576	/	22.057
=	-2.61 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.064	+	0.003	+	0.105)	-	(0.481	+	0	+	0.014)
=	-0.323

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.077	+	0.002	+	0.3)	-	(0.378	+	0	+	0.014)
=	-0.013

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

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

Wave Sync's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	-1.6	/	89.557
	=	-1.79 %

Wave Sync EBIT Related Terms

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Wave Sync (Wave Sync) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Wave Sync Corp (OTCPK:WAYS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 West 44th Street, Suite 1001, New York, NY, USA, 10036

Website

Wave Sync Corp is a shell company.

Executives

Xinfeng Nie	director, 10 percent owner	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Bin Zhou	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Zhibin Jin	officer: Secretary	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Jianjun Xu	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Mingyong Hu	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Jingmei Weng	director, officer: Chief Financial Officer	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Sanfu Huang	director, 10 percent owner, officer: Chief Executive Officer	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Fulun Su	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Nie Xinfeng Co.,ltd.	10 percent owner	P.O.BOX 957, OFFSHORE INCORPORATIONS CTR, ROAD TOWN, TORTOLA D8 000000
Gaomin Huang	10 percent owner	PUDONG BUILDING, 2ND FLOOR, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Sanfu Holding Co.,ltd	10 percent owner	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiaoshuang Chen	director	RM 502 HUA TENG BUILDING NO 302, JINGSONG 3RD DISTRICT CHAOYANG DISTRICT, BEIJING F4 100021
Yong Bian	director	C/O CHINA INSONLINE CORP., 4F HENRY HOUSE, 10 ICEHOUSE ST., CENTRAL HONG KONG F4 00000
Renbin Yu	director	RM 502 HUA TENG BUILDING NO 302, JINGSONG 3RD DISTRICT CHAOYANG DISTRICT, BEIJING F4 100021
Edith Kamying Ho	director	800 5TH AVENUE, SUITE 4100, SEATTLE WA 98104