Ossen Innovation Co EBIT

Ossen Innovation Co posts a EBIT of $20M as of June 2020. That compares with $9.7M in the prior-year period — up 109.2% year over year. That is below the Materials sector average of $13B. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Ossen Innovation Co's EBIT was $9.7M. The latest reading is $20M — a 109.2% year-over-year increase (period ending June 2020). Use the history and growth charts on this page for a longer lookback.

For Materials stocks, a EBIT near $13B is typical. Ossen Innovation Co's $20M is lower that level. That is roughly 99.8% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

EBIT is one piece of Ossen Innovation Co's financial statement story. At $20M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for OSN's EBIT usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $13B), and (3) consistency with growth and profitability. This page covers the first two; Ossen Innovation Co's other metric pages and overview cover the third.