Vico International Holdings (HKSE:01621) EBIT

: HK$21 Mil (TTM As of Sep. 2023)

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Vico International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vico International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 10.90%. Vico International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 26.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vico International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 34.77%.

Vico International Holdings EBIT Historical Data

The historical data trend for Vico International 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.

Vico International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

23.63

21.77

23.37

13.01

14.41

Vico International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT												12.08	0.94	11.06	3.35	17.63

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Vico International 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.

Vico International Holdings EV-to-EBIT Distribution

For the Oil & Gas industry and Energy sector, Vico International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vico International Holdings's EV-to-EBIT falls into.

Vico International 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$21 Mil.

Vico International Holdings (HKSE:01621) EBIT Explanation

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

Vico International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	31.614 * ( 1 - 27.25% )	/	( (211.126	+	211.012)	/ 2 )
=	22.999185	/	211.069
=	10.90 %

where

	Invested Capital		(Q: Mar. 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	))
=	260.816	-	7.535	-	( 42.155	-	max(0, 54.586	-	120.284	+	42.155	))
=	211.126

	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	))
=	279.624	-	14.4	-	( 54.212	-	max(0, 61.939	-	142.284	+	54.212	))
=	211.012

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

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

Vico International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	35.254	/	( ( (73.195 + max(66.666, 0))	+	(70.308 + max(61.028, 0)) )	/	2 )
=	35.254	/	( ( 139.861	+	131.336 )	/	2 )
=	35.254	/	135.5985
=	26.00 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(34.438	+	10.556	+	30.748)	-	(7.535	+	0	+	1.541)
=	66.666

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.924	+	10.789	+	28.724)	-	(14.4	+	0	+	3.009)
=	61.028

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	20.975	/	60.318
	=	34.77 %

Vico International Holdings EBIT Related Terms

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Vico International Holdings (HKSE:01621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vico International Holdings Ltd (HKSE:01621) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Cheung Yue Street, Unit D, 11th Floor, Billion Plaza II, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.vicointernational.hk

Vico International Holdings Ltd is engaged in the business of distribution of petrochemicals products. The company's portfolio of products comprises Diesel, Self-branded and third-party branded lubricant oil, and other petrochemicals such as Bitumen. The operating segments of the group are Sales of diesel; Provision of fleet card service; Sales of lubricant oil and Sales of others. The company derives the majority of its revenue from the Sales of the diesel segment. Geographically, the group has a business presence in Hong Kong; Macau, Vietnam, Dubai, and Malaysia, of which key revenue is generated from Hong Kong.

Vico International Holdings (HKSE:01621) Headlines

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