Fairwood Holdings (Fairwood Holdings) EBIT : $10.1 Mil (TTM As of Sep. 2023)

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What is Fairwood Holdings EBIT?

Fairwood Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $7.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $10.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fairwood Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 4.92%. Fairwood Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 8.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fairwood Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 5.27%.

Fairwood Holdings EBIT Historical Data

The historical data trend for Fairwood 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.

Fairwood Holdings EBIT Chart

Fairwood Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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27.42

14.18

22.57

10.25

10.62

Fairwood Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															10.53	-0.22	8.10	2.53	7.60

Competitive Comparison of Fairwood Holdings's EBIT

For the Restaurants subindustry, Fairwood 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.

Fairwood Holdings's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Fairwood Holdings's EV-to-EBIT distribution charts can be found below:

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

Fairwood 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 $10.1 Mil.

Fairwood Holdings (OTCPK:FRWDF) EBIT Explanation

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

Fairwood 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 )
=	14.48 * ( 1 - 16.34% )	/	( (246.162	+	246.336)	/ 2 )
=	12.113968	/	246.249
=	4.92 %

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	))
=	293.366	-	50.361	-	( 82.403	-	max(0, 104.122	-	100.965	+	82.403	))
=	246.162

	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	))
=	298.875	-	60.489	-	( 87.674	-	max(0, 116.122	-	108.172	+	87.674	))
=	246.336

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:

Fairwood 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 )
=	15.19	/	( ( (180.066 + max(-37.697, 0))	+	(177.4 + max(-46.432, 0)) )	/	2 )
=	15.19	/	( ( 180.066	+	177.4 )	/	2 )
=	15.19	/	178.733
=	8.50 %

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)
=	(1.231	+	7.087	+	7.962)	-	(50.361	+	0	+	3.616)
=	-37.697

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.091	+	6.744	+	9.41)	-	(60.489	+	0	+	4.188)
=	-46.432

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	10.12	/	191.850
	=	5.27 %

Fairwood Holdings EBIT Related Terms

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Fairwood Holdings (Fairwood Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Fairwood Holdings Ltd (OTCPK:FRWDF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

00052:Hong Kong

Address

18 Tanner Road, 2nd Floor, TRP Commercial Centre, North Point, Hong Kong, HKG

Website

https://www.fairwoodholdings.com.hk

Fairwood Holdings Ltd. is an investment holding company. It is engaged in the operation of fast-food restaurants and property investments. The group manages its operations by two divisions, based on the geographic location, namely Hong Kong restaurants, and Mainland China restaurants. It derives a majority of its revenue from operating restaurants in Hong Kong. Its eateries portfolio comprises crispy fried snacks, chicken wings, chicken curry with white rice, spaghetti, salads, and desserts, among other items.

Fairwood Holdings (Fairwood Holdings) Headlines

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