Min Xin Holdings (HKSE:00222) EBIT : HK$71.1 Mil (TTM As of Dec. 2023)

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What is Min Xin Holdings EBIT?

Min Xin Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-64.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$71.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Min Xin Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.14%. Min Xin Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -132.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Min Xin Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.26%.

Min Xin Holdings EBIT Historical Data

The historical data trend for Min Xin 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.

Min Xin Holdings EBIT Chart

Min Xin Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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612.23

486.51

521.58

494.02

71.13

Min Xin Holdings 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															249.22	251.77	242.24	136.07	-64.94

Competitive Comparison of Min Xin Holdings's EBIT

For the Insurance - Property & Casualty subindustry, Min Xin 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.

Min Xin Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Min Xin Holdings's EV-to-EBIT distribution charts can be found below:

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

Min Xin 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$71.1 Mil.

Min Xin Holdings (HKSE:00222) EBIT Explanation

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

Min Xin Holdings'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 )
=	-14.346 * ( 1 - 15.66% )	/	( (8763.086	+	8545.928)	/ 2 )
=	-12.0994164	/	8654.507
=	-0.14 %

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	))
=	9278.56	-	127.855	-	( 1217.573	-	max(0, 905.339	-	1292.958	+	1217.573	))
=	8763.086

	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	))
=	9184.725	-	41.512	-	( 1044.155	-	max(0, 853.538	-	1450.823	+	1044.155	))
=	8545.928

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:

Min Xin Holdings'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 )
=	-129.882	/	( ( (27.123 + max(-298.746, 0))	+	(27.208 + max(141.85, 0)) )	/	2 )
=	-129.882	/	( ( 27.123	+	169.058 )	/	2 )
=	-129.882	/	98.0905
=	-132.41 %

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)
=	(0	+	0	+	0)	-	(127.855	+	0	+	170.891)
=	-298.746

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	338.12)	-	(41.512	+	0	+	154.758)
=	141.85

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	71.127	/	1352.925
	=	5.26 %

Min Xin Holdings EBIT Related Terms

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Min Xin Holdings (HKSE:00222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Min Xin Holdings Ltd (HKSE:00222) » Definitions » EBIT

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Traded in Other Exchanges

MXD:Germany

Address

No. 8 Cotton Tree Drive, 17th Floor, Fairmont House, Central, Hong Kong, HKG

Website

https://www.minxin.com.hk

Min Xin Holdings Ltd is a Hong Kong-based investment holding company. It provides business including banking investment, microfinance, insurance, property investment, and energy investment. Mainland China. It organizes its business into five segments namely Financial Services, Insurance, Property investment, Strategic Investment, and Other activities. It operates its business in Hong Kong, Mainland China, and Macau, and derives a majority of its revenue from Macau.

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