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High Fashion International (HKSE:00608) EBIT : HK$223 Mil (TTM As of Dec. 2023)


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What is High Fashion International EBIT?

High Fashion International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$223 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. High Fashion International's annualized ROC % for the quarter that ended in Dec. 2023 was 2.04%. High Fashion International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 38.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. High Fashion International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.15%.


High Fashion International EBIT Historical Data

The historical data trend for High Fashion International'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.

High Fashion International EBIT Chart

High Fashion International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.22 190.81 214.83 254.37 222.95

High Fashion International 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 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 120.93 102.30 152.07 94.51 128.44

Competitive Comparison of High Fashion International's EBIT

For the Apparel Manufacturing subindustry, High Fashion International'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.


High Fashion International's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, High Fashion International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where High Fashion International's EV-to-EBIT falls into.



High Fashion International 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$223 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.


High Fashion International  (HKSE:00608) EBIT Explanation

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

High Fashion International'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 )
=162.016 * ( 1 - 33.39% )/( (5194.558 + 5407.546)/ 2 )
=107.9188576/5301.052
=2.04 %

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))
=6109.585 - 623.554 - ( 986.846 - max(0, 1900.17 - 2191.643+986.846))
=5194.558

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))
=6349.958 - 749.156 - ( 875.39 - max(0, 2103.395 - 2296.651+875.39))
=5407.546

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:

High Fashion International'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 )
=256.888/( ( (517.8 + max(123.37, 0)) + (507.615 + max(189.163, 0)) )/ 2 )
=256.888/( ( 641.17 + 696.778 )/ 2 )
=256.888/668.974
=38.40 %

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)
=(589.705 + 477.013 + 5.7600000000002) - (623.554 + 0 + 325.554)
=123.37

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(633.289 + 594.894 + 160.219) - (749.156 + 0 + 450.083)
=189.163

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:

High Fashion International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=222.951/1228.481
=18.15 %

* 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.


High Fashion International EBIT Related Terms

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High Fashion International (HKSE:00608) Business Description

Traded in Other Exchanges
N/A
Address
1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG
High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.
Executives
Lam Foo Wah 2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited 2101 Beneficial owner
Leung Shuk Bing 2202 Interest of your spouse
Hinton Company Limited 2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

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