FSE Lifestyle Services (HKSE:00331) EBIT : HK$615 Mil (TTM As of Dec. 2023)

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What is FSE Lifestyle Services EBIT?

FSE Lifestyle Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$313 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$615 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FSE Lifestyle Services's annualized ROC % for the quarter that ended in Dec. 2023 was 22.89%. FSE Lifestyle Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 461.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FSE Lifestyle Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.03%.

FSE Lifestyle Services EBIT Historical Data

The historical data trend for FSE Lifestyle Services'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.

FSE Lifestyle Services EBIT Chart

FSE Lifestyle Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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369.01

490.76

651.75

594.14

634.66

FSE Lifestyle Services 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															283.92	310.21	332.85	301.82	312.86

Competitive Comparison of FSE Lifestyle Services's EBIT

For the Engineering & Construction subindustry, FSE Lifestyle Services'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.

FSE Lifestyle Services's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, FSE Lifestyle Services's EV-to-EBIT distribution charts can be found below:

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

FSE Lifestyle Services 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$615 Mil.

FSE Lifestyle Services (HKSE:00331) EBIT Explanation

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

FSE Lifestyle Services'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 )
=	589.216 * ( 1 - 15.47% )	/	( (2111.188	+	2240.705)	/ 2 )
=	498.0642848	/	2175.9465
=	22.89 %

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	))
=	3990.434	-	1163.297	-	( 715.949	-	max(0, 2928.985	-	3652.417	+	715.949	))
=	2111.188

	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	))
=	3859.701	-	1180.465	-	( 438.531	-	max(0, 2920.935	-	3543.725	+	438.531	))
=	2240.705

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:

FSE Lifestyle Services'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 )
=	625.72	/	( ( (145.111 + max(-1200.995, 0))	+	(125.873 + max(-734.854, 0)) )	/	2 )
=	625.72	/	( ( 145.111	+	125.873 )	/	2 )
=	625.72	/	135.492
=	461.81 %

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)
=	(1606.586	+	21.291	+	35.952)	-	(1163.297	+	0	+	1701.527)
=	-1200.995

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1772.877	+	18.675	+	74.036)	-	(1180.465	+	0	+	1419.977)
=	-734.854

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:

FSE Lifestyle Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	614.675	/	2455.432
	=	25.03 %

FSE Lifestyle Services EBIT Related Terms

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FSE Lifestyle Services (HKSE:00331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » FSE Lifestyle Services Ltd (HKSE:00331) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Units 801-810, No. 8 Wang Hoi Road, 8th Floor, Chevalier Commercial Centre, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.fse.com.hk

FSE Lifestyle Services Ltd is an investment holding company. It operates in three segments: property and facility management services, E&M services and city essential services. The company along with its subsidiaries is principally engaged in the provision of property and facility management services, property agency and related services for buildings, car park management services, cleaning and management of waste disposal services, recycling, and environmental disposal services, security guarding and event services, insurance solutions services, and others. The company earns majority of its revenue from City essential services.

Executives

Doo Wai Hoi William	2202 Interest of your spouse
Doo Family Prosperity Holdings Limited
Fung Seng Holdings (x) Limited
Fungseng Prosperity Holdings Limited
Doo Cheng Sau Ha Amy	2201 Interest of corporation controlled by you
Fse Holdings Limited	2201 Interest of corporation controlled by you
Sino Spring Global Limited	2201 Interest of corporation controlled by you
Fse Management Company Limited	2101 Beneficial owner

FSE Lifestyle Services (HKSE:00331) Headlines

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