Hang Tai Yue Group Holdings (HKSE:08081) EBIT : HK$18.95 Mil (TTM As of Dec. 2023)

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What is Hang Tai Yue Group Holdings EBIT?

Hang Tai Yue Group Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$-11.61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$18.95 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hang Tai Yue Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -3.85%. Hang Tai Yue Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -26.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hang Tai Yue Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.49%.

Hang Tai Yue Group Holdings EBIT Historical Data

The historical data trend for Hang Tai Yue Group Holdings'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.

Hang Tai Yue Group Holdings EBIT Chart

Hang Tai Yue Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-123.38

-82.99

40.50

18.12

18.95

Hang Tai Yue Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.20	-9.71	60.30	-20.04	-11.61

Competitive Comparison of Hang Tai Yue Group Holdings's EBIT

For the Information Technology Services subindustry, Hang Tai Yue Group Holdings'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.

Hang Tai Yue Group Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Hang Tai Yue Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hang Tai Yue Group Holdings's EV-to-EBIT falls into.

Hang Tai Yue Group Holdings 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 quarterly data reported by the company within the most recent 12 months, which was HK$18.95 Mil.

Hang Tai Yue Group Holdings (HKSE:08081) EBIT Explanation

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

Hang Tai Yue Group Holdings'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-15.3 * ( 1 - 0% )	/	( (0	+	397.335)	/ 1 )
=	-15.3	/	397.335
=	-3.85 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	441.502	-	5.091	-	( 39.076	-	max(0, 95.958	-	144.75	+	39.076	))
=	397.335

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

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

Hang Tai Yue Group Holdings'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-46.452	/	( ( (0 + max(0, 0))	+	(177.269 + max(-36.44, 0)) )	/	1 )
=	-46.452	/	( ( 0	+	177.269 )	/	1 )
=	-46.452	/	177.269
=	-26.20 %

where Working Capital is:

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

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.426	+	4.696	+	0)	-	(5.091	+	0	+	39.471)
=	-36.44

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Hang Tai Yue Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	18.945	/	345.090
	=	5.49 %

Hang Tai Yue Group Holdings EBIT Related Terms

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Hang Tai Yue Group Holdings (HKSE:08081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hang Tai Yue Group Holdings Ltd (HKSE:08081) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 241-243 Nathan Road, 9th Floor, HKHC Tower, Kowloon, Hong Kong, HKG

Website

https://www.hangtaiyue.com

Hang Tai Yue Group Holdings Ltd is an investment holding company mainly engaged in the mobile internet cultural business and provision of information technology (IT) services. The Company operates its business through four segments. The Mobile Internet Cultural Business and Provision of IT Services segment is engaged in the provision of enterprise software applications and platform, as well as mobile internet applications and platform development outsourcing services, mainframe downsizing, application localization and systems integration. The Provision of Hospitality and Related Services in Australia segment is engaged in the hospitality business through its granges and resorts in Australia. The Money lending Business segment is engaged in the money lending business in Hong Kong.

Executives

King's Group Capital Limited	2101 Beneficial owner
Ng Ting Kit	2101 Beneficial owner

Hang Tai Yue Group Holdings (HKSE:08081) Headlines

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