Tai United Holdings (HKSE:00718) EBIT : HK$-1,882.3 Mil (TTM As of Jun. 2023)

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What is Tai United Holdings EBIT?

Tai United Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$-684.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-1,882.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tai United Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -0.05%. Tai United Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -4,875.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tai United Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -114.91%.

Tai United Holdings EBIT Historical Data

The historical data trend for Tai United 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.

Tai United Holdings EBIT Chart

Tai United Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-522.29

-183.95

-27.71

-339.54

-1,427.96

Tai United Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-23.91	-315.64	-230.44	-1,197.53	-684.74

Competitive Comparison of Tai United Holdings's EBIT

For the Medical Distribution subindustry, Tai United 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.

Tai United Holdings's EV-to-EBIT Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Tai United Holdings's EV-to-EBIT distribution charts can be found below:

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

Tai United 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1,882.3 Mil.

Tai United Holdings (HKSE:00718) EBIT Explanation

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

Tai United Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-3.656 * ( 1 - 14.52% )	/	( (6150.207	+	5835.863)	/ 2 )
=	-3.1251488	/	5993.035
=	-0.05 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	3610.617	-	116.427	-	( 222.941	-	max(0, 3005.117	-	349.1	+	222.941	))
=	6150.207

	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	))
=	3042.376	-	122.94	-	( 188.344	-	max(0, 3216.034	-	299.607	+	188.344	))
=	5835.863

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

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

Tai United Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1369.476	/	( ( (29.452 + max(-1227.362, 0))	+	(26.725 + max(-1498.206, 0)) )	/	2 )
=	-1369.476	/	( ( 29.452	+	26.725 )	/	2 )
=	-1369.476	/	28.0885
=	-4,875.58 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.769	+	2.122	+	0)	-	(116.427	+	0	+	1142.826)
=	-1227.362

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(48.613	+	0.849	+	5.6843418860808E-14)	-	(122.94	+	0	+	1424.728)
=	-1498.206

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1882.263	/	1638.097
	=	-114.91 %

Tai United Holdings EBIT Related Terms

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Tai United Holdings (HKSE:00718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Tai United Holdings Ltd (HKSE:00718) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4202–03A, 42th Floor, China Resource Building, Wanchai, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/taiunited/index.ht

Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.

Executives

Satinu Resources Group Ltd.	2201 Interest of corporation controlled by you
Songbird Sg Pte. Ltd.	2101 Beneficial owner

Tai United Holdings (HKSE:00718) Headlines

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