Sipai Health Technology Co (HKSE:00314) EBIT : HK$-382 Mil (TTM As of Jun. 2024)

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What is Sipai Health Technology Co EBIT?

Sipai Health Technology Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-382 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sipai Health Technology Co's annualized ROC % for the quarter that ended in Jun. 2024 was -21.81%. Sipai Health Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -183.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sipai Health Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -12.75%.

Sipai Health Technology Co EBIT Historical Data

The historical data trend for Sipai Health Technology Co'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.

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Sipai Health Technology Co EBIT Chart

Sipai Health Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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-1,229.68

-4,584.39

-1,523.65

-264.89

-381.77

Sipai Health Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial					-1,141.19	-92.83	-172.06	-79.24	-303.18

Competitive Comparison of Sipai Health Technology Co's EBIT

For the Medical Distribution subindustry, Sipai Health Technology Co'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.

Sipai Health Technology Co's EV-to-EBIT Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sipai Health Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sipai Health Technology Co's EV-to-EBIT falls into.

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Sipai Health Technology Co 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-382 Mil.

Sipai Health Technology Co (HKSE:00314) EBIT Explanation

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

Sipai Health Technology Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-184.706 * ( 1 - 0.68% )	/	( (824.266	+	857.759)	/ 2 )
=	-183.4499992	/	841.0125
=	-21.81 %

where

	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	))
=	3079.031	-	1019.203	-	( 1235.562	-	max(0, 1249.023	-	2671.526	+	1235.562	))
=	824.266

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	3139.897	-	1253.971	-	( 1028.167	-	max(0, 1470.368	-	2676.02	+	1028.167	))
=	857.759

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sipai Health Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-158.484	/	( ( (88.712 + max(-98.005, 0))	+	(84.275 + max(-170.143, 0)) )	/	2 )
=	-158.484	/	( ( 88.712	+	84.275 )	/	2 )
=	-158.484	/	86.4935
=	-183.23 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(360.429	+	269.133	+	490.592)	-	(1019.203	+	0	+	198.956)
=	-98.005

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(391.404	+	350.417	+	533.061)	-	(1253.971	+	0	+	191.054)
=	-170.143

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sipai Health Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-382.422	/	2999.517
	=	-12.75 %

Sipai Health Technology Co EBIT Related Terms

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Sipai Health Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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