GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » EBIT

Comfort Gloves Bhd (XKLS:2127) EBIT : RM-45.8 Mil (TTM As of Dec. 2023)


View and export this data going back to 1973. Start your Free Trial

What is Comfort Gloves Bhd EBIT?

Comfort Gloves Bhd's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was RM-8.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was RM-45.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comfort Gloves Bhd's annualized ROC % for the quarter that ended in Dec. 2023 was 0.73%. Comfort Gloves Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comfort Gloves Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -50.41%.


Comfort Gloves Bhd EBIT Historical Data

The historical data trend for Comfort Gloves Bhd'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.

Comfort Gloves Bhd EBIT Chart

Comfort Gloves Bhd Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.92 45.55 366.09 -58.29 -45.83

Comfort Gloves Bhd Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -47.92 -32.28 -1.61 -3.47 -8.47

Competitive Comparison of Comfort Gloves Bhd's EBIT

For the Medical Instruments & Supplies subindustry, Comfort Gloves Bhd'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.


Comfort Gloves Bhd's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Comfort Gloves Bhd's EV-to-EBIT distribution charts can be found below:

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



Comfort Gloves Bhd 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 quarterly data reported by the company within the most recent 12 months, which was RM-45.8 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.


Comfort Gloves Bhd  (XKLS:2127) EBIT Explanation

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

Comfort Gloves Bhd'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-9.8 * ( 1 - 149.22% )/( (641.833 + 688.44)/ 2 )
=4.82356/665.1365
=0.73 %

where

Invested Capital(Q: Sep. 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))
=942.007 - 43.838 - ( 256.336 - max(0, 77.767 - 485.816+256.336))
=641.833

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))
=964.071 - 28.902 - ( 246.729 - max(0, 80.458 - 487.391+246.729))
=688.44

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Comfort Gloves Bhd'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-33.892/( ( (419.748 + max(180.39, 0)) + (433.338 + max(193.367, 0)) )/ 2 )
=-33.892/( ( 600.138 + 626.705 )/ 2 )
=-33.892/613.4215
=-5.53 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.36 + 75.557 + 97.563) - (43.838 + 0 + 5.252)
=180.39

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.587 + 85.295 + 99.606) - (28.902 + 0 + 18.219)
=193.367

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Comfort Gloves Bhd's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-45.832/90.926
=-50.41 %

* 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.


Comfort Gloves Bhd EBIT Related Terms

Thank you for viewing the detailed overview of Comfort Gloves Bhd's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Comfort Gloves Bhd (XKLS:2127) Business Description

Traded in Other Exchanges
N/A
Address
Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750
Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

No Headlines