Kinetic Development Group (HKSE:01277) EBIT : HK$2,781 Mil (TTM As of Dec. 2023)

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What is Kinetic Development Group EBIT?

Kinetic Development Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$2,047 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,781 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kinetic Development Group's annualized ROC % for the quarter that ended in Dec. 2023 was 32.86%. Kinetic Development Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 168.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kinetic Development Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.45%.

Kinetic Development Group EBIT Historical Data

The historical data trend for Kinetic Development Group'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.

Kinetic Development Group EBIT Chart

Kinetic Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,164.14

1,471.45

4,205.13

4,113.89

2,780.76

Kinetic Development Group 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															2,628.19	2,280.89	1,940.96	733.79	2,046.97

Competitive Comparison of Kinetic Development Group's EBIT

For the Thermal Coal subindustry, Kinetic Development Group'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.

Kinetic Development Group's EV-to-EBIT Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Kinetic Development Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kinetic Development Group's EV-to-EBIT falls into.

Kinetic Development Group 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$2,781 Mil.

Kinetic Development Group (HKSE:01277) EBIT Explanation

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

Kinetic Development Group'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 )
=	4201.16 * ( 1 - 16.81% )	/	( (10463.575	+	10810.883)	/ 2 )
=	3494.945004	/	10637.229
=	32.86 %

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	))
=	10930.382	-	1498.468	-	( 606.184	-	max(0, 3009.8	-	1978.139	+	606.184	))
=	10463.575

	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	))
=	11963.659	-	1606.572	-	( 1044.269	-	max(0, 2813.282	-	2359.486	+	1044.269	))
=	10810.883

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:

Kinetic Development Group'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 )
=	4093.938	/	( ( (2025.542 + max(-350.442, 0))	+	(2839.455 + max(-597.34, 0)) )	/	2 )
=	4093.938	/	( ( 2025.542	+	2839.455 )	/	2 )
=	4093.938	/	2432.4985
=	168.30 %

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)
=	(0.928	+	122.6	+	1149.605)	-	(1498.468	+	0	+	125.107)
=	-350.442

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.37	+	126.084	+	950.538)	-	(1606.572	+	0	+	74.76)
=	-597.34

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:

Kinetic Development Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2780.76	/	8569.458
	=	32.45 %

Kinetic Development Group EBIT Related Terms

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Kinetic Development Group (HKSE:01277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Kinetic Development Group Ltd (HKSE:01277) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Dafanpu Coal Mine, Majiata Village, Xuejiawan Town Zhunge’er Banner, Ordos City Inner Mongolia, Ordos City, CHN

Website

https://www.kineticme.com

Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment and other segment (mainly including planting and properties operations).

Executives

The Zhang Family Overseas Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhang Liang, Johnson	2307 Founder of a discretionary trust who can infl
King Lok Holdings Limited	2101 Beneficial owner
Zhang Li	2101 Beneficial owner
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Right Select International Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Cai Chuang Tou You Xian Gong Si	2106 Person having a security interest in shares

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