Mexan (HKSE:00022) EBIT : HK$-17.2 Mil (TTM As of Sep. 2023)

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What is Mexan EBIT?

Mexan's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-4.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-17.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mexan's annualized ROC % for the quarter that ended in Sep. 2023 was 0.28%. Mexan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mexan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -8.86%.

Mexan EBIT Historical Data

The historical data trend for Mexan'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.

Mexan EBIT Chart

Mexan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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5.19

-71.27

-41.44

-41.49

-31.72

Mexan 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															-15.19	-26.30	-19.04	-12.68	-4.56

Competitive Comparison of Mexan's EBIT

For the Lodging subindustry, Mexan'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.

Mexan's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mexan's EV-to-EBIT distribution charts can be found below:

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

Mexan 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$-17.2 Mil.

Mexan (HKSE:00022) EBIT Explanation

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

Mexan'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 )
=	1.292 * ( 1 - -20.46% )	/	( (559.644	+	551.21)	/ 2 )
=	1.5563432	/	555.427
=	0.28 %

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	))
=	602.356	-	52.718	-	( 50.212	-	max(0, 117.068	-	107.062	+	50.212	))
=	559.644

	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	))
=	584.88	-	40.442	-	( 49.882	-	max(0, 110.414	-	103.642	+	49.882	))
=	551.21

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:

Mexan'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 )
=	-9.118	/	( ( (393.628 + max(-34.209, 0))	+	(381.2 + max(-16.873, 0)) )	/	2 )
=	-9.118	/	( ( 393.628	+	381.2 )	/	2 )
=	-9.118	/	387.414
=	-2.35 %

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)
=	(38.84	+	1.373	+	0)	-	(52.718	+	0	+	21.704)
=	-34.209

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.269	+	6.849	+	6.6)	-	(40.442	+	0	+	19.149)
=	-16.873

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-17.24	/	194.628
	=	-8.86 %

Mexan EBIT Related Terms

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Mexan (HKSE:00022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mexan Ltd (HKSE:00022) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Tsing Yi Road, 7th Floor, Winland 800 Hotel, Hotel 2, Rambler Crest, Tsing Yi, New Territories, Hong Kong, HKG

Website

http://www.mexanhk.com

Mexan Ltd is a Hong-Kong based company. It is involved in the lodging business sector. The principal activities of the group include property investment, hotel operation, and investment holding. The company has two reportable segments such as Hotel operation includes letting of hotel rooms to non-contracted sales agents and walk-in customers, food and beverage income, miscellaneous sales, and laundry services income net of discounts and Trading of building materials and fit-out construction service includes supply of furniture and building materials and provisions of the design and fit-out construction service. The firm generates its revenue from hotel operations. Geographically the company operates in Hong Kong.

Executives

Lun Yiu Kay Edwin
Winland Stock (bvi) Limited	2201 Interest of corporation controlled by you
Winland Wealth (bvi) Limited	2101 Beneficial owner

Mexan (HKSE:00022) Headlines

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