Emperor Watch & Jewellery (HKSE:00887) EBIT : HK$378 Mil (TTM As of Dec. 2023)

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What is Emperor Watch & Jewellery EBIT?

Emperor Watch & Jewellery's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$149 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$378 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emperor Watch & Jewellery's annualized ROC % for the quarter that ended in Dec. 2023 was 5.11%. Emperor Watch & Jewellery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emperor Watch & Jewellery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.67%.

Emperor Watch & Jewellery EBIT Historical Data

The historical data trend for Emperor Watch & Jewellery'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.

Emperor Watch & Jewellery EBIT Chart

Emperor Watch & Jewellery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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176.26

67.94

272.65

284.14

377.96

Emperor Watch & Jewellery Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															99.85	107.93	176.21	228.58	149.38

Competitive Comparison of Emperor Watch & Jewellery's EBIT

For the Luxury Goods subindustry, Emperor Watch & Jewellery'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.

Emperor Watch & Jewellery's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Emperor Watch & Jewellery's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Emperor Watch & Jewellery's EV-to-EBIT falls into.

Emperor Watch & Jewellery 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 semi-annually data reported by the company within the most recent 12 months, which was HK$378 Mil.

Emperor Watch & Jewellery (HKSE:00887) EBIT Explanation

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

Emperor Watch & Jewellery'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	295.932 * ( 1 - 20.77% )	/	( (4425.817	+	4749.831)	/ 2 )
=	234.4669236	/	4587.824
=	5.11 %

where

	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	))
=	5508.304	-	239.626	-	( 842.861	-	max(0, 444.849	-	3696.014	+	842.861	))
=	4425.817

	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	))
=	5708.364	-	338.885	-	( 619.648	-	max(0, 531.094	-	3859.148	+	619.648	))
=	4749.831

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

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

Emperor Watch & Jewellery'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	298.758	/	( ( (1733.157 + max(2537.561, 0))	+	(1757.58 + max(2885.11, 0)) )	/	2 )
=	298.758	/	( ( 4270.718	+	4642.69 )	/	2 )
=	298.758	/	4456.704
=	6.70 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.518	+	2738.228	+	10.137)	-	(239.626	+	0	+	13.696)
=	2537.561

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(177.341	+	3060.276	+	1.0860000000002)	-	(338.885	+	0	+	14.708)
=	2885.11

When net working capital is negative, 0 is used.

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

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

Emperor Watch & Jewellery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	377.96	/	952.738
	=	39.67 %

Emperor Watch & Jewellery EBIT Related Terms

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Emperor Watch & Jewellery (HKSE:00887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Emperor Watch & Jewellery Ltd (HKSE:00887) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.emperorwatchjewellery.com

Emperor Watch & Jewellery Ltd is a retailer of European-made internationally renowned watches, together with self-designed fine jewellery products under its own brand, Emperor Jewellery. The group has extensive retail networks in Hong Kong, Macau, Mainland China, Malaysia, and Singapore. Its wristwatch brands include Audemars Piguet, Baume & Mercier, Cartier, Omega, Jaeger-LeCoultre, Montblanc, Tissot, and Rolex, among others. The target customers range from middle to high-income groups world wide. The majority of the revenue is mainly derived from sales of watches and jewellery in Hong Kong.

Emperor Watch & Jewellery (HKSE:00887) Headlines

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