Fountain Set (Holdings) (FRA:FOV) EBIT

: €16.1 Mil (TTM As of Jun. 2023)

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Fountain Set (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €-3.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €16.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fountain Set (Holdings)'s annualized ROC % for the quarter that ended in Jun. 2023 was -7.73%. Fountain Set (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -2.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fountain Set (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -28.88%.

Fountain Set (Holdings) EBIT Historical Data

The historical data trend for Fountain Set (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.

Fountain Set (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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28.45

15.03

40.02

0.15

16.13

Fountain Set (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															17.69	14.63	-14.57	-3.47	19.59

Competitive Comparison

For the Textile Manufacturing subindustry, Fountain Set (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.

Fountain Set (Holdings) EV-to-EBIT Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fountain Set (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fountain Set (Holdings)'s EV-to-EBIT falls into.

Fountain Set (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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €16.1 Mil.

Fountain Set (Holdings) (FRA:FOV) EBIT Explanation

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

Fountain Set (Holdings)'s annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-15.338 * ( 1 - -72.77% )	/	( (359.927	+	325.751)	/ 2 )
=	-26.4994626	/	342.839
=	-7.73 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	611.933	-	83.019	-	( 168.987	-	max(0, 143.342	-	409.255	+	168.987	))
=	359.927

	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	))
=	562.174	-	85.274	-	( 151.149	-	max(0, 124.393	-	373.216	+	151.149	))
=	325.751

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Fountain Set (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.934	/	( ( (184.244 + max(118.773, 0))	+	(172.782 + max(110.669, 0)) )	/	2 )
=	-6.934	/	( ( 303.017	+	283.451 )	/	2 )
=	-6.934	/	293.234
=	-2.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(118.928	+	112.707	+	2.895)	-	(83.019	+	0	+	32.738)
=	118.773

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(114.116	+	93.723	+	4.281)	-	(85.274	+	0	+	16.177)
=	110.669

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Fountain Set (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	16.119	/	-55.818
	=	-28.88 %

Fountain Set (Holdings) EBIT Related Terms

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Fountain Set (Holdings) (FRA:FOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fountain Set (Holdings) Ltd (FRA:FOV) » Definitions » EBIT

Traded in Other Exchanges

00420:Hong Kong

Address

29-39 Kwai Cheong Road, Block A, 6th Floor, Eastern Sea Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fshl.com

Fountain Set (Holdings) Ltd and its subsidiaries are circularly knitted fabric manufacturers. It provides vertically integrated operations in fabric knitting, dyeing, printing, and finishing. In addition, the group's product range also includes garments. The company supplies knitted fabric to garment manufacturers for apparel products like sportswear, casual wear, sleepwear, and innerwear. The operating segments of the company are the production and sales of dyed fabrics and yarns, and the Production and sales of garments. The group operates in Hong Kong, China, Taiwan, Korea, Sri Lanka, America, Europe, and Others.

Fountain Set (Holdings) (FRA:FOV) Headlines

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