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Capital VC (HKSE:02324) EBIT : HK$-143.41 Mil (TTM As of Sep. 2023)


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What is Capital VC EBIT?

Capital VC's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-85.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-143.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital VC's annualized ROC % for the quarter that ended in Sep. 2023 was -138.83%. Capital VC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -40,104.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capital VC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 119.00%.


Capital VC EBIT Historical Data

The historical data trend for Capital VC'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.

Capital VC EBIT Chart

Capital VC Annual Data
Trend Jun14 Jun15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -182.26 -103.41 64.39 -85.05 -143.41

Capital VC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.45 -48.17 -36.88 -58.39 -85.02

Competitive Comparison of Capital VC's EBIT

For the Capital Markets subindustry, Capital VC'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.


Capital VC's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Capital VC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Capital VC's EV-to-EBIT falls into.



Capital VC 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$-143.41 Mil.

* 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.


Capital VC  (HKSE:02324) EBIT Explanation

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

Capital VC'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 )
=-209.516 * ( 1 - 0.5% )/( (161.609 + 138.706)/ 2 )
=-208.46842/150.1575
=-138.83 %

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))
=459.052 - 22.848 - ( 274.595 - max(0, 33.229 - 319.894+274.595))
=161.609

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))
=378.594 - 21.771 - ( 218.117 - max(0, 39.822 - 257.947+218.117))
=138.706

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:

Capital VC'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 )
=-170.044/( ( (0.467 + max(-22.445, 0)) + (0.381 + max(-25.008, 0)) )/ 2 )
=-170.044/( ( 0.467 + 0.381 )/ 2 )
=-170.044/0.424
=-40,104.72 %

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)
=(0 + 0 + 0.40199999999999) - (22.848 + 0 + -0.00099999999999767)
=-22.445

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (21.771 + 0 + 3.237)
=-25.008

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:

Capital VC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-143.412/-120.512
=119.00 %

* 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.


Capital VC EBIT Related Terms

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Capital VC (HKSE:02324) Business Description

Traded in Other Exchanges
N/A
Address
18 Queen’s Road Central, Room 2302, 23rd Floor, New World Tower 1, Hong Kong, HKG
Capital VC Ltd is an investment holding company. The company's operating segment includes Investment in listed securities and unlisted bonds and Investment in unlisted securities. Its investment portfolio covers a wide range of business sectors, including companies engaged in sectors such as finance, consumer goods and consumer services, media, manufacturing, and construction. Key revenue comes from investment in listed and unlisted bonds.

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