Vonex (ASX:VN8) EBIT : A$1.81 Mil (TTM As of Jun. 2024)

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What is Vonex EBIT?

Vonex's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$1.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$1.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vonex's annualized ROC % for the quarter that ended in Jun. 2024 was 2.48%. Vonex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 61.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vonex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.63%.

Vonex EBIT Historical Data

The historical data trend for Vonex'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.

Vonex EBIT Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

Get a 7-Day Free Trial

-0.59

-4.10

1.48

-21.10

1.81

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial								1.47	-20.79	-0.32	0.54	1.27

Competitive Comparison of Vonex's EBIT

For the Telecom Services subindustry, Vonex'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.

Vonex's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Vonex's EV-to-EBIT distribution charts can be found below:

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

Vonex 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1.81 Mil.

Vonex (ASX:VN8) EBIT Explanation

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

Vonex's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	3.08 * ( 1 - 73.8% )	/	( (33.7	+	31.317)	/ 2 )
=	0.80696	/	32.5085
=	2.48 %

where

	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	))
=	36.691	-	9.688	-	( 1.901	-	max(0, 12.074	-	5.377	+	1.901	))
=	33.7

	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	))
=	35.321	-	9.016	-	( 2.928	-	max(0, 11.095	-	6.083	+	2.928	))
=	31.317

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Vonex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.534	/	( ( (4.502 + max(-7.636, 0))	+	(3.731 + max(-7.845, 0)) )	/	2 )
=	2.534	/	( ( 4.502	+	3.731 )	/	2 )
=	2.534	/	4.1165
=	61.56 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.545	+	0	+	0.931)	-	(9.688	+	0	+	1.424)
=	-7.636

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.713	+	0.171	+	0.624)	-	(9.016	+	0	+	1.337)
=	-7.845

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	1.807	/	39.063
	=	4.63 %

Vonex EBIT Related Terms

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Vonex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. The Company also provides a full range of traditional telecommunications products such as mobile and internet. Its wholesale customers, such as internet service providers, can access the core Vonex PBX, call termination services, hardware, mobile , and internet at wholesale rates via a white-label model. Vonex also delivers custom-built software solutions to wholesale customers to facilitate projects of scale. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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