Yangzijiang Financial Holding (SGX:YF8) EBIT : S$277.6 Mil (TTM As of Dec. 2023)

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What is Yangzijiang Financial Holding EBIT?

Yangzijiang Financial Holding's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$62.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$277.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yangzijiang Financial Holding's annualized ROC % for the quarter that ended in Dec. 2023 was 9.72%. Yangzijiang Financial Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 193.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yangzijiang Financial Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.56%.

Yangzijiang Financial Holding EBIT Historical Data

The historical data trend for Yangzijiang Financial 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.

Yangzijiang Financial Holding EBIT Chart

Yangzijiang Financial Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

403.14

357.54

427.18

196.59

277.62

Yangzijiang Financial Holding Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			203.30	169.47	27.12	215.12	62.50

Competitive Comparison of Yangzijiang Financial Holding's EBIT

For the Asset Management subindustry, Yangzijiang Financial 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.

Yangzijiang Financial Holding's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Yangzijiang Financial Holding's EV-to-EBIT distribution charts can be found below:

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

Yangzijiang Financial 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 S$277.6 Mil.

Yangzijiang Financial Holding (SGX:YF8) EBIT Explanation

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

Yangzijiang Financial 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 )
=	225.772 * ( 1 - 35.85% )	/	( (1497.342	+	1483.528)	/ 2 )
=	144.832738	/	1490.435
=	9.72 %

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	))
=	4135.265	-	61.845	-	( 2576.078	-	max(0, 64.005	-	2707.37	+	2576.078	))
=	1497.342

	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	))
=	4175.995	-	70.174	-	( 2656.004	-	max(0, 89.657	-	2711.95	+	2656.004	))
=	1483.528

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:

Yangzijiang Financial 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 )
=	125	/	( ( (1.909 + max(-46.916, 0))	+	(127.097 + max(-60.833, 0)) )	/	2 )
=	125	/	( ( 1.909	+	127.097 )	/	2 )
=	125	/	64.503
=	193.79 %

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)
=	(16.711	+	0	+	0)	-	(61.845	+	0	+	1.782)
=	-46.916

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.376	+	0	+	23.074)	-	(70.174	+	0	+	19.109)
=	-60.833

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	277.615	/	-1495.879
	=	-18.56 %

Yangzijiang Financial Holding EBIT Related Terms

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Yangzijiang Financial Holding (SGX:YF8) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

YNGFF:USA

Address

9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619

Website

https://www.yzjfin.com

Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

Yangzijiang Financial Holding (SGX:YF8) Headlines

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