Southwest Securities International Securities (HKSE:00812) EBIT : HK$15.81 Mil (TTM As of Dec. 2023)

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What is Southwest Securities International Securities EBIT?

Southwest Securities International Securities's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$4.80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$15.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southwest Securities International Securities's annualized ROC % for the quarter that ended in Dec. 2023 was -2.77%. Southwest Securities International Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,267.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Southwest Securities International Securities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.24%.

Southwest Securities International Securities EBIT Historical Data

The historical data trend for Southwest Securities International Securities'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.

Southwest Securities International Securities EBIT Chart

Southwest Securities International Securities Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-208.00

-22.41

26.76

-183.66

15.81

Southwest Securities International Securities 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															-33.78	-164.02	-19.64	11.02	4.80

Competitive Comparison of Southwest Securities International Securities's EBIT

For the Capital Markets subindustry, Southwest Securities International Securities'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.

Southwest Securities International Securities's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Southwest Securities International Securities's EV-to-EBIT distribution charts can be found below:

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

Southwest Securities International Securities 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$15.81 Mil.

Southwest Securities International Securities (HKSE:00812) EBIT Explanation

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

Southwest Securities International Securities'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 )
=	-20.352 * ( 1 - 0% )	/	( (734.588	+	736.306)	/ 2 )
=	-20.352	/	735.447
=	-2.77 %

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	))
=	721.974	-	15.382	-	( 704.729	-	max(0, 748.669	-	720.673	+	704.729	))
=	734.588

	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	))
=	709.717	-	11.401	-	( 703.054	-	max(0, 746.794	-	708.804	+	703.054	))
=	736.306

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:

Southwest Securities International Securities'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 )
=	9.596	/	( ( (0.901 + max(-12.72, 0))	+	(0.613 + max(-23.694, 0)) )	/	2 )
=	9.596	/	( ( 0.901	+	0.613 )	/	2 )
=	9.596	/	0.757
=	1,267.64 %

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)
=	(12.108	+	0	+	0)	-	(15.382	+	0	+	9.446)
=	-12.72

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.678	+	0	+	0)	-	(11.401	+	0	+	12.971)
=	-23.694

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	15.813	/	129.223
	=	12.24 %

Southwest Securities International Securities EBIT Related Terms

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Southwest Securities International Securities (HKSE:00812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Southwest Securities International Securities Ltd (HKSE:00812) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TJV:Germany

Address

One Hysan Avenue, 14th Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.swsc.hk

Southwest Securities International Securities Ltd is a financial services provider in Hong Kong. The company's services include corporate finance, asset management, brokerage; and loan services. Its segments consist of Brokerage and Margin financing which provides brokerage services in trading in securities, futures contracts and options and margin financing services, and underwriting and placements; Corporate finance segment offers underwriting and placements and corporate finance advisory services; Asset management provides asset management services; and Proprietary trading engaged in trading in securities, futures and options, fund investments.

Executives

Southwest Securities International Investment Limited

2101 Beneficial owner

Southwest Securities International Securities (HKSE:00812) Headlines

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