YGM Trading (HKSE:00375) EBIT : HK$2.3 Mil (TTM As of Sep. 2024)

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What is YGM Trading EBIT?

YGM Trading's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$-1.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$2.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. YGM Trading's annualized ROC % for the quarter that ended in Sep. 2024 was -4.40%. YGM Trading's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. YGM Trading's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.96%.

YGM Trading EBIT Historical Data

The historical data trend for YGM Trading'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.

YGM Trading EBIT Chart

YGM Trading Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-63.29

-3.78

4.35

-12.41

-2.31

YGM Trading Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial															-23.34	10.93	-5.84	3.53	-1.20

Competitive Comparison of YGM Trading's EBIT

For the Apparel Retail subindustry, YGM Trading'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.

YGM Trading's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, YGM Trading's EV-to-EBIT distribution charts can be found below:

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

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YGM Trading 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2.3 Mil.

YGM Trading (HKSE:00375) EBIT Explanation

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

YGM Trading's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-17.44 * ( 1 - -3.16% )	/	( (425.286	+	393.347)	/ 2 )
=	-17.991104	/	409.3165
=	-4.40 %

where

	Invested Capital		(Q: Mar. 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	))
=	571.613	-	42.716	-	( 112.976	-	max(0, 80.809	-	184.42	+	112.976	))
=	425.286

	Invested Capital		(Q: Sep. 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	))
=	551.966	-	58.763	-	( 110.629	-	max(0, 81.511	-	181.367	+	110.629	))
=	393.347

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

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

YGM Trading's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.408	/	( ( (58.541 + max(8.146, 0))	+	(35.995 + max(-13.971, 0)) )	/	2 )
=	-2.408	/	( ( 66.687	+	35.995 )	/	2 )
=	-2.408	/	51.341
=	-4.69 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.857	+	38.186	+	0.339)	-	(42.716	+	0	+	4.52)
=	8.146

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.646	+	34.016	+	0.31299999999999)	-	(58.763	+	0	+	2.183)
=	-13.971

When net working capital is negative, 0 is used.

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

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

YGM Trading's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	2.325	/	78.581
	=	2.96 %

YGM Trading EBIT Related Terms

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YGM Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » YGM Trading Ltd (HKSE:00375) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygmtrading.com

YGM Trading Ltd is an investment holding and provision of management service company. The company's operating segments include Sales of garments; Licensing of trademarks; Printing and related services and Property rental. The sales of garments segment of the company is involved in the wholesale and retail of garments; the Printing and related services segment is engaged in the provision of security printing and sale of printed products; Licensing of trademarks segment is engaged in the management and licensing of trademarks for royalty income, and Property rental: leasing of properties to generate rental income. The company generates maximum revenue from the Sales of the garments segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Chan Family Investment Corporation Ltd.	2101 Beneficial owner
Chan Wing Sun
Chan Wing Kee	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner
Chan Suk Ling, Shirley	2101 Beneficial owner
Chan Wing To	2101 Beneficial owner

YGM Trading Headlines

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