Apex Ace Holding (HKSE:06036) EBIT : HK$30 Mil (TTM As of Dec. 2023)

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What is Apex Ace Holding EBIT?

Apex Ace Holding's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apex Ace Holding's annualized ROC % for the quarter that ended in Dec. 2023 was 4.97%. Apex Ace Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Apex Ace Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.41%.

Apex Ace Holding EBIT Historical Data

The historical data trend for Apex Ace Holding'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.

Apex Ace Holding EBIT Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.13

8.41

32.69

-13.90

30.12

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial												-17.78	20.79	-34.69	-3.38	33.50

Competitive Comparison of Apex Ace Holding's EBIT

For the Electronics & Computer Distribution subindustry, Apex Ace Holding'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.

Apex Ace Holding's EV-to-EBIT Distribution in the Hardware Industry

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

* The bar in red indicates where Apex Ace Holding's EV-to-EBIT falls into.

Apex Ace Holding 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$30 Mil.

Apex Ace Holding (HKSE:06036) EBIT Explanation

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

Apex Ace Holding'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 )
=	76.246 * ( 1 - 38.12% )	/	( (816.171	+	1083.982)	/ 2 )
=	47.1810248	/	950.0765
=	4.97 %

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	))
=	1022.926	-	107.26	-	( 99.495	-	max(0, 677.487	-	842.465	+	99.495	))
=	816.171

	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	))
=	1354.286	-	184.139	-	( 86.165	-	max(0, 1000.057	-	1177.564	+	86.165	))
=	1083.982

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:

Apex Ace Holding'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 )
=	67.008	/	( ( (95.047 + max(688.839, 0))	+	(95.05 + max(951.135, 0)) )	/	2 )
=	67.008	/	( ( 783.886	+	1046.185 )	/	2 )
=	67.008	/	915.0355
=	7.32 %

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)
=	(562.414	+	179.66	+	59.183)	-	(107.26	+	0	+	5.158)
=	688.839

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(818.065	+	227.665	+	98.904)	-	(184.139	+	0	+	9.36)
=	951.135

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:

Apex Ace Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	30.122	/	1247.293
	=	2.41 %

Apex Ace Holding EBIT Related Terms

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Apex Ace Holding (HKSE:06036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apex Ace Holding Ltd (HKSE:06036) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

Executives

Best Sheen Limited	2101 Beneficial owner
Nicegoal Limited	2101 Beneficial owner
Lee Bing Kwong	2201 Interest of corporation controlled by you
Lo Yuen Lai	2202 Interest of your spouse

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