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Mongolia Energy (HKSE:00276) EBIT : HK$-431 Mil (TTM As of Sep. 2023)


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What is Mongolia Energy EBIT?

Mongolia Energy's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$68 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-431 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mongolia Energy's annualized ROC % for the quarter that ended in Sep. 2023 was 77.73%. Mongolia Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 18.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mongolia Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -7.39%.


Mongolia Energy EBIT Historical Data

The historical data trend for Mongolia Energy'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.

Mongolia Energy EBIT Chart

Mongolia Energy Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 671.44 2,321.84 2,311.89 236.30 -770.25

Mongolia Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 362.18 -125.88 -271.19 -499.07 68.29

Competitive Comparison of Mongolia Energy's EBIT

For the Coking Coal subindustry, Mongolia Energy'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.


Mongolia Energy's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mongolia Energy's EV-to-EBIT distribution charts can be found below:

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



Mongolia Energy 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$-431 Mil.

* 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.


Mongolia Energy  (HKSE:00276) EBIT Explanation

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

Mongolia Energy'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 )
=825.332 * ( 1 - -101.88% )/( (2536.465 + 1750.375)/ 2 )
=1666.1802416/2143.42
=77.73 %

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))
=2800.827 - 1049.312 - ( 111.862 - max(0, 2423.943 - 1638.993+111.862))
=2536.465

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))
=2838.3 - 1835.847 - ( 122.16 - max(0, 3087.123 - 2339.201+122.16))
=1750.375

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:

Mongolia Energy'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 )
=136.582/( ( (1028.581 + max(-587.099, 0)) + (439.753 + max(-959.263, 0)) )/ 2 )
=136.582/( ( 1028.581 + 439.753 )/ 2 )
=136.582/734.167
=18.60 %

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)
=(212.891 + 303.382 + 15.498) - (1049.312 + 0 + 69.558)
=-587.099

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(304.092 + 329.605 + 261.139) - (1835.847 + 0 + 18.252)
=-959.263

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-430.777/5830.644
=-7.39 %

* 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.


Mongolia Energy EBIT Related Terms

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Mongolia Energy (HKSE:00276) Business Description

Traded in Other Exchanges
Address
118 Connaught Road West, 17th Floor, Hong Kong, HKG
Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.
Executives
Ku Ming Mei Rouisa 2202 Interest of your spouse
Lo Lin Shing, Simon 2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited 2101 Beneficial owner
Cheng Yu Tung Family (holdings) Limited 2101 Beneficial owner
Chow Tai Fook (holding) Limited 2101 Beneficial owner
Chow Tai Fook Capital Limited 2101 Beneficial owner
Chow Tai Fook Nominee Limited 2101 Beneficial owner
Golden Infinity Co., Ltd. 2101 Beneficial owner

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