Herald Holdings (HKSE:00114) EBIT : HK$65.2 Mil (TTM As of Sep. 2023)

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What is Herald Holdings EBIT?

Herald Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$10.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$65.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Herald Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 1.63%. Herald Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 6.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Herald Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -306.50%.

Herald Holdings EBIT Historical Data

The historical data trend for Herald 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.

Herald Holdings EBIT Chart

Herald Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-26.31

33.34

24.49

-64.54

120.96

Herald 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															-35.39	-29.16	66.16	54.80	10.40

Competitive Comparison of Herald Holdings's EBIT

For the Leisure subindustry, Herald 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.

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

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

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

Herald 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$65.2 Mil.

Herald Holdings (HKSE:00114) EBIT Explanation

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

Herald 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 )
=	11.694 * ( 1 - 21.72% )	/	( (605.368	+	520.478)	/ 2 )
=	9.1540632	/	562.923
=	1.63 %

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	))
=	903.505	-	47.378	-	( 250.759	-	max(0, 196.768	-	585.386	+	250.759	))
=	605.368

	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	))
=	893.002	-	68.016	-	( 304.508	-	max(0, 209.108	-	593.778	+	304.508	))
=	520.478

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:

Herald 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 )
=	20.792	/	( ( (206.992 + max(127.655, 0))	+	(188.723 + max(86.247, 0)) )	/	2 )
=	20.792	/	( ( 334.647	+	274.97 )	/	2 )
=	20.792	/	304.8085
=	6.82 %

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)
=	(123.433	+	184.237	+	0.947)	-	(47.378	+	0	+	133.584)
=	127.655

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(142.05	+	134.666	+	2.7080000000001)	-	(68.016	+	0	+	125.161)
=	86.247

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	65.196	/	-21.271
	=	-306.50 %

Herald Holdings EBIT Related Terms

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Herald Holdings (HKSE:00114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Herald Holdings Ltd (HKSE:00114) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Room 3110, 31 Floor, Tower Two, Hong Kong, HKG

Website

http://www.heraldgroup.com.hk

Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.

Executives

Dorfman Robert	2101 Beneficial owner
Dorfman Tillman Sheri	2202 Interest of your spouse
Dingler Trina Elaine	2202 Interest of your spouse
Cheung Tsang Kay Stan	2307 Founder of a discretionary trust who can infl
Ng Yiu Chi Eleanor	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Moral Excel Holdings Limited	2201 Interest of corporation controlled by you

Herald Holdings (HKSE:00114) Headlines

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