Queen's Road Capital Investment (Queen's Road Capital Investment) EBIT : $70.02 Mil (TTM As of Feb. 2024)

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What is Queen's Road Capital Investment EBIT?

Queen's Road Capital Investment's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $17.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $70.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Queen's Road Capital Investment's annualized ROC % for the quarter that ended in Feb. 2024 was 24.23%. Queen's Road Capital Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 4,658.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Queen's Road Capital Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 23.34%.

Queen's Road Capital Investment EBIT Historical Data

The historical data trend for Queen's Road Capital Investment'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.

Queen's Road Capital Investment EBIT Chart

Queen's Road Capital Investment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

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-0.25

7.46

67.03

-2.79

4.49

Queen's Road Capital Investment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial															-17.55	-10.53	32.11	31.08	17.36

Competitive Comparison of Queen's Road Capital Investment's EBIT

For the Asset Management subindustry, Queen's Road Capital Investment'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.

Queen's Road Capital Investment's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Queen's Road Capital Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Queen's Road Capital Investment's EV-to-EBIT falls into.

Queen's Road Capital Investment 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $70.02 Mil.

Queen's Road Capital Investment (OTCPK:BRSGF) EBIT Explanation

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

Queen's Road Capital Investment's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	69.588 * ( 1 - 0% )	/	( (255.52	+	318.81)	/ 2 )
=	69.588	/	287.165
=	24.23 %

where

	Invested Capital		(Q: Nov. 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	))
=	265.036	-	1.021	-	( 8.495	-	max(0, 1.214	-	10.927	+	8.495	))
=	255.52

	Invested Capital		(Q: Feb. 2024 )
=	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	))
=	303.787	-	0.941	-	( 5.31	-	max(0, 23.381	-	7.417	+	5.31	))
=	318.81

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

Queen's Road Capital Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	69.452	/	( ( (0.249 + max(1.365, 0))	+	(0.202 + max(1.166, 0)) )	/	2 )
=	69.452	/	( ( 1.614	+	1.368 )	/	2 )
=	69.452	/	1.491
=	4,658.08 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.278	+	0	+	0.108)	-	(1.021	+	0	+	0)
=	1.365

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.927	+	0	+	0.18)	-	(0.941	+	0	+	0)
=	1.166

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

Queen's Road Capital Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	70.023	/	300.063
	=	23.34 %

Queen's Road Capital Investment EBIT Related Terms

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Queen's Road Capital Investment (Queen's Road Capital Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Queen's Road Capital Investment Ltd (OTCPK:BRSGF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

47U:Germany QRC:Canada

Address

2 Queen’s Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG

Website

https://www.queensrdcapital.com

Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.

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