Ares Asia (HKSE:00645) EBIT: HK$-19.04 Mil (TTM As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:00645 Ares Asia Ltd HKSE:00645
36 GF Score
Price HK$0.18
! 7 Warning Signs
View Full Analysis

What is Ares Asia EBIT?

Ares Asia HKSE:00645 36 EBIT is HK$-19.04 Mil as of Sep. 2025. GuruFocus rates HKSE:00645 with a GF Score™ of 36/100. The stock has 7 warning signs investors should review.

Ares Asia's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was HK$-5.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was HK$-19.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ares Asia's annualized ROC % for the quarter that ended in Sep. 2025 was -46.67%. Ares Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -49.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ares Asia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -22.24%.

Ares Asia  (HKSE:00645) EBIT Explanation

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

Ares Asia's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-11.21 * ( 1 - 0% )/( (24.563 + 23.479)/ 2 )
=-11.21/24.021
=-46.67 %

where

Invested Capital(Q: Mar. 2025 )
=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))
=39.867 - 0.536 - ( 14.768 - max(0, 3.793 - 38.126+14.768))
=24.563

Invested Capital(Q: Sep. 2025 )
=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))
=32.595 - 1.316 - ( 7.8 - max(0, 2.405 - 31.528+7.8))
=23.479

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Ares Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11.164/( ( (1.741 + max(20.256, 0)) + (1.067 + max(21.634, 0)) )/ 2 )
=-11.164/( ( 21.997 + 22.701 )/ 2 )
=-11.164/22.349
=-49.95 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.175 + 0 + 3.483) - (0.536 + 0 + 1.866)
=20.256

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.228 + 0 + 3.721) - (1.316 + 0 + -0.0010000000000003)
=21.634

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Ares Asia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=-19.037/85.612
=-22.24 %

* 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.

Ares Asia EBIT Related Terms

Ares Asia EBIT Historical Data

* Premium members only.

The historical data trend for Ares Asia'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.

Ares Asia EBIT Chart

Ares Asia Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.37 -15.08 -5.94 -9.83 -18.49

Ares Asia Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -4.29 -5.55 -5.05 -13.46 -5.58

Ares Asia EBIT Competitor Comparison

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia EV-to-EBIT vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ares Asia's EV-to-EBIT distribution charts can be found below:

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


HKSE:00645
36GF Score
Ares Asia Ltd HKSE:00645
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ares Asia 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-19.04 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$-19.04 Mil mean?
Ares Asia (HKSE:00645) has a EBIT of HK$-19.04 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ares Asia.
Is Ares Asia's EBIT too high?
Ares Asia's current EBIT is HK$-19.04 Mil. Overall, Ares Asia has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ares Asia's EBIT compare to competitors?
Ares Asia's EBIT of HK$-19.04 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Other Energy Sources company?
A good EBIT depends on the Other Energy Sources industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ares Asia. Ares Asia's current EBIT is HK$-19.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Asia stock overvalued right now?
Ares Asia (HKSE:00645) has a current EBIT of HK$-19.04 Mil. The current EBIT is HK$-19.04 Mil. Ares Asia's overall GF Score™ is 36/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ares Asia (HKSE:00645), the current EBIT is HK$-19.04 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ares Asia Business Description

Address 1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.
36GF Score

Get the complete analysis for HKSE:00645

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.18
Price