Matex International (SGX:M15) EBIT : S$-3.90 Mil (TTM As of Dec. 2023)

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What is Matex International EBIT?

Matex International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$-2.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$-3.90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Matex International's annualized ROC % for the quarter that ended in Dec. 2023 was -96.20%. Matex International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -269.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Matex International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 65.80%.

Matex International EBIT Historical Data

The historical data trend for Matex 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.

Matex International EBIT Chart

Matex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-9.14

-9.39

-6.32

4.17

-3.90

Matex International 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															-3.37	-3.03	7.19	-1.71	-2.19

Competitive Comparison of Matex International's EBIT

For the Specialty Chemicals subindustry, Matex 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.

Matex International's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Matex International's EV-to-EBIT distribution charts can be found below:

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

Matex 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$-3.90 Mil.

Matex International (SGX:M15) EBIT Explanation

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

Matex 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 )
=	-4.36 * ( 1 - -0.31% )	/	( (4.645	+	4.448)	/ 2 )
=	-4.373516	/	4.5465
=	-96.20 %

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	))
=	24.949	-	6.589	-	( 17.778	-	max(0, 9.448	-	23.163	+	17.778	))
=	4.645

	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	))
=	21.398	-	5.86	-	( 16.369	-	max(0, 8.573	-	19.663	+	16.369	))
=	4.448

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:

Matex 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 )
=	-4.386	/	( ( (1.652 + max(-2.073, 0))	+	(1.601 + max(-3.428, 0)) )	/	2 )
=	-4.386	/	( ( 1.652	+	1.601 )	/	2 )
=	-4.386	/	1.6265
=	-269.66 %

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)
=	(2.485	+	1.919	+	0.116)	-	(6.589	+	0	+	0.0039999999999996)
=	-2.073

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.931	+	1.378	+	0.133)	-	(5.86	+	0	+	0.0099999999999998)
=	-3.428

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.903	/	-5.932
	=	65.80 %

Matex International EBIT Related Terms

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Matex International (SGX:M15) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Matex International Ltd (SGX:M15) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1003, Bukit Merah Central, No. 01-10, Inno Centre, Singapore, SGP, 159836

Website

https://www.matex.com.sg

Matex International Ltd is a manufacturer, supplier, and agent of dyestuffs and auxiliary chemicals, color measurement, and computer-aided systems to the textile industry. Its geographic segments are the PRC and other Asia Pacific Countries. The company's key products include Megafix RE Series- Low-Temp Exhaust Dyeing, Megaperse CF- One Bath Scouring/Bleaching/Dyeing, and Megaperse SP- High Fastness dyes for Polyester Spandex & Blends.

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