Lee & Man Paper Manufacturing (Lee & Man Paper Manufacturing) EBIT : $216 Mil (TTM As of Dec. 2023)

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What is Lee & Man Paper Manufacturing EBIT?

Lee & Man Paper Manufacturing's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $147 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $216 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lee & Man Paper Manufacturing's annualized ROC % for the quarter that ended in Dec. 2023 was 3.37%. Lee & Man Paper Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lee & Man Paper Manufacturing's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.11%.

Lee & Man Paper Manufacturing EBIT Historical Data

The historical data trend for Lee & Man Paper Manufacturing'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.

Lee & Man Paper Manufacturing EBIT Chart

Lee & Man Paper Manufacturing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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556.74

579.47

496.18

203.26

216.46

Lee & Man Paper Manufacturing 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															192.89	125.89	76.36	68.76	147.49

Competitive Comparison of Lee & Man Paper Manufacturing's EBIT

For the Paper & Paper Products subindustry, Lee & Man Paper Manufacturing'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.

Lee & Man Paper Manufacturing's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Lee & Man Paper Manufacturing's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lee & Man Paper Manufacturing's EV-to-EBIT falls into.

Lee & Man Paper Manufacturing 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 $216 Mil.

Lee & Man Paper Manufacturing (OTCPK:LMPMF) EBIT Explanation

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

Lee & Man Paper Manufacturing'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 )
=	258.332 * ( 1 - 18.57% )	/	( (6201.429	+	6300.558)	/ 2 )
=	210.3597476	/	6250.9935
=	3.37 %

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	))
=	6785.635	-	490.836	-	( 284.759	-	max(0, 1589.034	-	1682.404	+	284.759	))
=	6201.429

	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	))
=	6926.851	-	432.031	-	( 194.262	-	max(0, 1464.323	-	1682.654	+	194.262	))
=	6300.558

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:

Lee & Man Paper Manufacturing'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 )
=	294.98	/	( ( (5006.938 + max(732.436, 0))	+	(5110.865 + max(926.975, 0)) )	/	2 )
=	294.98	/	( ( 5739.374	+	6037.84 )	/	2 )
=	294.98	/	5888.607
=	5.01 %

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)
=	(416.085	+	623.971	+	259.301)	-	(490.836	+	0	+	76.085)
=	732.436

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(857.975	+	630.123	+	0)	-	(432.031	+	0	+	129.092)
=	926.975

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:

Lee & Man Paper Manufacturing's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	216.252	/	3541.324
	=	6.11 %

Lee & Man Paper Manufacturing EBIT Related Terms

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Lee & Man Paper Manufacturing (Lee & Man Paper Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Lee & Man Paper Manufacturing Ltd (OTCPK:LMPMF) » Definitions » EBIT

Traded in Other Exchanges

LMPMY:USA 02314:Hong Kong LMP:Germany

Address

169 Electric Road, 39/F, Lee & Man Commercial Center, North Point, Hong Kong, HKG

Website

https://www.leemanpaper.com

Lee & Man Paper Manufacturing Ltd is an investment holding company engaged in the manufacturing and trading of paper and pulp. Its segments are Packaging Paper, Pulp, and Tissue paper. The majority of the revenue is generated from the packaging paper segment that covers the production of kraft liner board, test liner board, coated duplex board, white top liner board, and strength corrugating medium. The People's Republic of China accounts for the majority of the revenue.

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