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NetDragon Websoft (HKSE:00777) EBIT : HK$988 Mil (TTM As of Dec. 2023)


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What is NetDragon Websoft EBIT?

NetDragon Websoft's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$207 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$988 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NetDragon Websoft's annualized ROC % for the quarter that ended in Dec. 2023 was -1.31%. NetDragon Websoft's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NetDragon Websoft's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.17%.


NetDragon Websoft EBIT Historical Data

The historical data trend for NetDragon Websoft'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.

NetDragon Websoft EBIT Chart

NetDragon Websoft 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 991.47 1,459.44 1,741.19 1,182.60 987.68

NetDragon Websoft 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 895.44 795.92 424.35 780.96 206.72

Competitive Comparison of NetDragon Websoft's EBIT

For the Electronic Gaming & Multimedia subindustry, NetDragon Websoft'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.


NetDragon Websoft's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetDragon Websoft's EV-to-EBIT distribution charts can be found below:

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



NetDragon Websoft 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$988 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.


NetDragon Websoft  (HKSE:00777) EBIT Explanation

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

NetDragon Websoft'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 )
=890.336 * ( 1 - 110.71% )/( (6621.748 + 7908.02)/ 2 )
=-95.3549856/7264.884
=-1.31 %

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))
=12605.821 - 1742.392 - ( 4664.974 - max(0, 3448.69 - 7690.371+4664.974))
=6621.748

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))
=11355.612 - 1747.859 - ( 2852.575 - max(0, 3758.224 - 5457.957+2852.575))
=7908.02

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:

NetDragon Websoft'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 )
=413.448/( ( (2522.258 + max(47.033, 0)) + (3064.768 + max(-560.014, 0)) )/ 2 )
=413.448/( ( 2569.291 + 3064.768 )/ 2 )
=413.448/2817.0295
=14.68 %

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)
=(934.089 + 1066.436 + 381.729) - (1742.392 + 0 + 592.829)
=47.033

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(767.833 + 519.545 + 693.456) - (1747.859 + 0 + 792.989)
=-560.014

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:

NetDragon Websoft's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=987.683/5753.777
=17.17 %

* 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.


NetDragon Websoft EBIT Related Terms

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NetDragon Websoft (HKSE:00777) Business Description

Traded in Other Exchanges
Address
58 Wenquan Branch Road, 851 Building, Fuzhou, CHN
NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.

NetDragon Websoft (HKSE:00777) Headlines

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