LX Technology Group (HKSE:02436) EBIT : HK$-95 Mil (TTM As of Dec. 2023)

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What is LX Technology Group EBIT?

LX Technology Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LX Technology Group's annualized ROC % for the quarter that ended in Dec. 2023 was -9.78%. LX Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LX Technology Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.82%.

LX Technology Group EBIT Historical Data

The historical data trend for LX Technology 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.

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LX Technology Group EBIT Chart

LX Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-61.43

-184.76

-502.00

154.24

-94.85

LX Technology Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-191.87	17.45	137.62	-25.44	-69.40

Competitive Comparison of LX Technology Group's EBIT

For the Computer Hardware subindustry, LX Technology 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.

LX Technology Group's EV-to-EBIT Distribution in the Hardware Industry

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

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

LX Technology 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$-95 Mil.

LX Technology Group (HKSE:02436) EBIT Explanation

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

LX Technology 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 )
=	-135.046 * ( 1 - -3.78% )	/	( (1379.461	+	1488.037)	/ 2 )
=	-140.1507388	/	1433.749
=	-9.78 %

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	))
=	1758.807	-	138.665	-	( 499.87	-	max(0, 652.37	-	893.051	+	499.87	))
=	1379.461

	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	))
=	1838.747	-	171.81	-	( 503.387	-	max(0, 705.677	-	884.577	+	503.387	))
=	1488.037

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:

LX Technology 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 )
=	-138.802	/	( ( (839.801 + max(70.011, 0))	+	(870.744 + max(-28.183, 0)) )	/	2 )
=	-138.802	/	( ( 909.812	+	870.744 )	/	2 )
=	-138.802	/	890.278
=	-15.59 %

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)
=	(136.941	+	103.705	+	22.708)	-	(138.665	+	0	+	54.678)
=	70.011

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(115.916	+	86.398	+	11.99)	-	(171.81	+	0	+	70.677)
=	-28.183

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-94.845	/	1968.782
	=	-4.82 %

LX Technology Group EBIT Related Terms

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LX Technology Group (HKSE:02436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN

Website

https://www.bearrental.com

LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.

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