Mei Ah Entertainment Group (HKSE:00391) EBIT : HK$-19.3 Mil (TTM As of Sep. 2023)

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What is Mei Ah Entertainment Group EBIT?

Mei Ah Entertainment Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-1.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-19.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mei Ah Entertainment Group's annualized ROC % for the quarter that ended in Sep. 2023 was 1.83%. Mei Ah Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mei Ah Entertainment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.32%.

Mei Ah Entertainment Group EBIT Historical Data

The historical data trend for Mei Ah Entertainment Group'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.

Mei Ah Entertainment Group EBIT Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-81.02

-90.53

-57.21

-32.67

-44.85

Mei Ah Entertainment Group 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															-0.76	-31.91	-26.67	-18.18	-1.10

Competitive Comparison of Mei Ah Entertainment Group's EBIT

For the Entertainment subindustry, Mei Ah Entertainment Group'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.

Mei Ah Entertainment Group's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mei Ah Entertainment Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mei Ah Entertainment Group's EV-to-EBIT falls into.

Mei Ah Entertainment Group 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$-19.3 Mil.

Mei Ah Entertainment Group (HKSE:00391) EBIT Explanation

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

Mei Ah Entertainment Group'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 )
=	12.412 * ( 1 - 8.2% )	/	( (639.926	+	606.764)	/ 2 )
=	11.394216	/	623.345
=	1.83 %

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	))
=	688.1	-	83.889	-	( 44.347	-	max(0, 132.676	-	96.961	+	44.347	))
=	639.926

	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	))
=	664.991	-	81.661	-	( 40.381	-	max(0, 120.4	-	96.966	+	40.381	))
=	606.764

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:

Mei Ah Entertainment Group'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 )
=	-2.208	/	( ( (277.312 + max(-58.871, 0))	+	(269.272 + max(-56.149, 0)) )	/	2 )
=	-2.208	/	( ( 277.312	+	269.272 )	/	2 )
=	-2.208	/	273.292
=	-0.81 %

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)
=	(16.764	+	0.224	+	18.28)	-	(83.889	+	0	+	10.25)
=	-58.871

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.342	+	0.224	+	14.453)	-	(81.661	+	0	+	8.507)
=	-56.149

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:

Mei Ah Entertainment Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-19.285	/	831.409
	=	-2.32 %

Mei Ah Entertainment Group EBIT Related Terms

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Mei Ah Entertainment Group (HKSE:00391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organization; Applications and video online; Property investment and Others. The company generates maximum revenue from the Channel operations segment.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group (HKSE:00391) Headlines

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