Folangsi Co (HKSE:02499) EBIT : HK$127 Mil (TTM As of Dec. 2023)

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What is Folangsi Co EBIT?

Folangsi Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$127 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$127 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Folangsi Co's annualized ROC % for the quarter that ended in Dec. 2023 was 5.82%. Folangsi Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Folangsi Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.84%.

Folangsi Co EBIT Historical Data

The historical data trend for Folangsi Co'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.

Folangsi Co EBIT Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

159.78

173.00

132.92

126.59

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
EBIT	159.78	173.00	132.92	126.59

Competitive Comparison of Folangsi Co's EBIT

For the Farm & Heavy Construction Machinery subindustry, Folangsi Co'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.

Folangsi Co's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's EV-to-EBIT distribution charts can be found below:

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

Folangsi Co 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$127 Mil.

Folangsi Co (HKSE:02499) EBIT Explanation

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

Folangsi Co'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	173.505 * ( 1 - -1.92% )	/	( (2852.601	+	3225.853)	/ 2 )
=	176.836296	/	3039.227
=	5.82 %

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	))
=	2973.242	-	419.229	-	( 134.718	-	max(0, 1008.879	-	710.291	+	134.718	))
=	2852.601

	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	))
=	3442.965	-	513.294	-	( 219.587	-	max(0, 1222.068	-	925.886	+	219.587	))
=	3225.853

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

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

Folangsi Co'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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	126.588	/	( ( (2128.294 + max(147.448, 0))	+	(2375.992 + max(175.514, 0)) )	/	2 )
=	126.588	/	( ( 2275.742	+	2551.506 )	/	2 )
=	126.588	/	2413.624
=	5.24 %

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)
=	(320.982	+	94.365	+	151.33)	-	(419.229	+	0	+	1.1368683772162E-13)
=	147.448

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(392.983	+	99.545	+	196.28)	-	(513.294	+	0	+	0)
=	175.514

When net working capital is negative, 0 is used.

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

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

Folangsi Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	126.588	/	6891.398
	=	1.84 %

Folangsi Co EBIT Related Terms

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Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Folangsi Co (HKSE:02499) Headlines

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