Kin Yat Holdings (HKSE:00638) EBIT : HK$-69 Mil (TTM As of Sep. 2023)

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What is Kin Yat Holdings EBIT?

Kin Yat Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$65 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kin Yat Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was -0.22%. Kin Yat Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 14.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kin Yat Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -16.93%.

Kin Yat Holdings EBIT Historical Data

The historical data trend for Kin Yat Holdings'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.

Kin Yat Holdings EBIT Chart

Kin Yat Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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148.53

215.40

150.68

84.11

-284.46

Kin Yat Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															92.71	-8.60	-150.14	-134.32	65.45

Competitive Comparison of Kin Yat Holdings's EBIT

For the Consumer Electronics subindustry, Kin Yat Holdings'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.

Kin Yat Holdings's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kin Yat Holdings's EV-to-EBIT distribution charts can be found below:

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

Kin Yat Holdings 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-69 Mil.

Kin Yat Holdings (HKSE:00638) EBIT Explanation

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

Kin Yat Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-5.182 * ( 1 - 35.16% )	/	( (1541.333	+	1475.873)	/ 2 )
=	-3.3600088	/	1508.603
=	-0.22 %

where

	Invested Capital		(Q: Mar. 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	))
=	2096.213	-	314.094	-	( 240.786	-	max(0, 836.697	-	1094.602	+	240.786	))
=	1541.333

	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	))
=	2005.7	-	334.32	-	( 195.507	-	max(0, 786.401	-	1072.816	+	195.507	))
=	1475.873

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Kin Yat Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	130.904	/	( ( (793.327 + max(183.115, 0))	+	(724.52 + max(136.659, 0)) )	/	2 )
=	130.904	/	( ( 976.442	+	861.179 )	/	2 )
=	130.904	/	918.8105
=	14.25 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(210.742	+	482.091	+	46.65)	-	(314.094	+	0	+	242.274)
=	183.115

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(247.869	+	433.066	+	6.0709999999999)	-	(334.32	+	0	+	216.027)
=	136.659

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Kin Yat Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-68.869	/	406.721
	=	-16.93 %

Kin Yat Holdings EBIT Related Terms

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Kin Yat Holdings (HKSE:00638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kin Yat Holdings Ltd (HKSE:00638) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

25 - 27 Luk Hop Street, 7th Floor, Galaxy Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.kinyat.com.hk

Kin Yat Holdings Ltd is engaged in the design, manufacture, and sale of electrical and electronic products, motors, glass technology and application, and real estate development. Its segment includes the Electrical and Electronic products segment consists of the manufacture and sale of AI robotics, IoT and smart home products, electronic entertainment products, and other related products; the Motors segment consists of the development, design, manufacture, and sale of electric motor drives and related products and encoder film; the Real Estate development segment. The majority of the revenue is derived from the Motors segment.

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