Michong Metaverse (China) Holdings Group (HKSE:08645) EBIT : HK$-7.0 Mil (TTM As of Dec. 2023)

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What is Michong Metaverse (China) Holdings Group EBIT?

Michong Metaverse (China) Holdings Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$-8.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-7.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Michong Metaverse (China) Holdings Group's annualized ROC % for the quarter that ended in Dec. 2023 was -41.28%. Michong Metaverse (China) Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -59.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Michong Metaverse (China) Holdings Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.46%.

Michong Metaverse (China) Holdings Group EBIT Historical Data

The historical data trend for Michong Metaverse (China) Holdings 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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Michong Metaverse (China) Holdings Group EBIT Chart

Michong Metaverse (China) Holdings Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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13.32

1.51

-1.59

-36.31

21.74

Michong Metaverse (China) Holdings Group 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															7.30	5.17	-0.84	-2.54	-8.84

Competitive Comparison of Michong Metaverse (China) Holdings Group's EBIT

For the Telecom Services subindustry, Michong Metaverse (China) Holdings 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.

Michong Metaverse (China) Holdings Group's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Michong Metaverse (China) Holdings Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Michong Metaverse (China) Holdings Group's EV-to-EBIT falls into.

Michong Metaverse (China) Holdings 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 quarterly data reported by the company within the most recent 12 months, which was HK$-7.0 Mil.

Michong Metaverse (China) Holdings Group (HKSE:08645) EBIT Explanation

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

Michong Metaverse (China) Holdings 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-30.224 * ( 1 - 3.24% )	/	( (0	+	70.844)	/ 1 )
=	-29.2447424	/	70.844
=	-41.28 %

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	))
=	117.63	-	37.759	-	( 9.027	-	max(0, 41.169	-	76.25	+	9.027	))
=	70.844

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

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

Michong Metaverse (China) Holdings 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-35.356	/	( ( (0 + max(0, 0))	+	(36.854 + max(22.857, 0)) )	/	1 )
=	-35.356	/	( ( 0	+	59.711 )	/	1 )
=	-35.356	/	59.711
=	-59.21 %

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)
=	(20.491	+	10.235	+	24.89)	-	(37.759	+	0	+	-5)
=	22.857

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:

Michong Metaverse (China) Holdings Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-7.047	/	482.862
	=	-1.46 %

Michong Metaverse (China) Holdings Group EBIT Related Terms

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Michong Metaverse (China) Holdings Group (HKSE:08645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Michong Metaverse (China) Holdings Group Ltd (HKSE:08645) » Definitions » EBIT

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Traded in Other Exchanges

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Address

98 Thomson Road, Unit B, 13th Floor, Winsan Tower, Hong Kong, HKG

Website

http://www.metamichong.com

Michong Metaverse (China) Holdings Group Ltd is an investment holding company. The company is engaged in network support services which mainly encompass network infrastructure design and hardware installation, network management and security services; network connectivity services that focus on providing intranet and internet connectivity solutions and value-added services; and E-Commerce.

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