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OFILM Group Co (SZSE:002456) EBIT : ¥706 Mil (TTM As of Mar. 2024)


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What is OFILM Group Co EBIT?

OFILM Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥706 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OFILM Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.21%. OFILM Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. OFILM Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.30%.


OFILM Group Co EBIT Historical Data

The historical data trend for OFILM Group Co'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.

OFILM Group Co EBIT Chart

OFILM Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,569.83 -1,061.61 -2,201.57 -5,242.93 269.89

OFILM Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -358.27 19.69 161.78 446.69 78.15

Competitive Comparison of OFILM Group Co's EBIT

For the Electronic Components subindustry, OFILM Group Co'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.


OFILM Group Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, OFILM Group Co's EV-to-EBIT distribution charts can be found below:

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



OFILM Group Co 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥706 Mil.

* 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.


OFILM Group Co  (SZSE:002456) EBIT Explanation

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

OFILM Group Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=422.992 * ( 1 - -5.92% )/( (13772.415 + 14144.631)/ 2 )
=448.0331264/13958.523
=3.21 %

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))
=19937.722 - 7726.087 - ( 1574.497 - max(0, 13759.527 - 12198.747+1574.497))
=13772.415

Invested Capital(Q: Mar. 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))
=19813.511 - 7143.22 - ( 1654.135 - max(0, 13503.47 - 12029.13+1654.135))
=14144.631

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

OFILM Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=312.608/( ( (4421.548 + max(1146.347, 0)) + (4421.556 + max(1714.589, 0)) )/ 2 )
=312.608/( ( 5567.895 + 6136.145 )/ 2 )
=312.608/5852.02
=5.34 %

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)
=(6293.887 + 2514.308 + 310.361) - (7726.087 + 0 + 246.122)
=1146.347

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5935.228 + 2811.805 + 330.411) - (7143.22 + 0 + 219.635)
=1714.589

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

OFILM Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=706.31/30687.944
=2.30 %

* 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.


OFILM Group Co EBIT Related Terms

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OFILM Group Co (SZSE:002456) Business Description

Traded in Other Exchanges
N/A
Address
Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107
OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.
Executives
Li Yun Supervisors
Liu Xiao Chen Directors, executives
Li Ying Ping Executives
Ye Qing Biao Executives
Hai Jiang Directors, executives
Huang Li Hui Directors, executives
Luo Yong Hui Supervisors
Yin Yun Yun Executives
Zhou Liang Directors, executives
Tan Zhen Lin Executives
Yao Fei Executives
Ceng Zhao Hao Executives
Cai Xue Peng Directors, executives
Lin Hong Ping Supervisors
Shen Cheng Zhe Executives

OFILM Group Co (SZSE:002456) Headlines

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