Asia Cassava Resources Holdings (HKSE:00841) EBIT : HK$-100 Mil (TTM As of Sep. 2023)

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What is Asia Cassava Resources Holdings EBIT?

Asia Cassava Resources Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-100 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Cassava Resources Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 3.54%. Asia Cassava Resources Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 6.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Cassava Resources Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -26.13%.

Asia Cassava Resources Holdings EBIT Historical Data

The historical data trend for Asia Cassava Resources Holdings'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.

Asia Cassava Resources Holdings EBIT Chart

Asia Cassava Resources Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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77.05

-43.14

-39.91

71.49

-79.12

Asia Cassava Resources Holdings 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															30.98	40.50	49.05	-128.17	28.12

Competitive Comparison of Asia Cassava Resources Holdings's EBIT

For the Packaged Foods subindustry, Asia Cassava Resources Holdings'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.

Asia Cassava Resources Holdings's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asia Cassava Resources Holdings's EV-to-EBIT distribution charts can be found below:

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

Asia Cassava Resources Holdings 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$-100 Mil.

Asia Cassava Resources Holdings (HKSE:00841) EBIT Explanation

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

Asia Cassava Resources Holdings'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 )
=	57.524 * ( 1 - 9.32% )	/	( (1668.687	+	1276.948)	/ 2 )
=	52.1627632	/	1472.8175
=	3.54 %

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	))
=	2041.779	-	118.925	-	( 271.524	-	max(0, 679.343	-	933.51	+	271.524	))
=	1668.687

	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	))
=	1478.204	-	103.347	-	( 97.909	-	max(0, 119.18	-	399.796	+	97.909	))
=	1276.948

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:

Asia Cassava Resources Holdings'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 )
=	56.246	/	( ( (559.699 + max(472.998, 0))	+	(540.056 + max(127.892, 0)) )	/	2 )
=	56.246	/	( ( 1032.697	+	667.948 )	/	2 )
=	56.246	/	850.3225
=	6.61 %

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)
=	(209.276	+	390.831	+	2.9450000000001)	-	(118.925	+	0	+	11.129)
=	472.998

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(63.12	+	171.856	+	4.096)	-	(103.347	+	0	+	7.833)
=	127.892

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-100.051	/	382.903
	=	-26.13 %

Asia Cassava Resources Holdings EBIT Related Terms

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Asia Cassava Resources Holdings (HKSE:00841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asia Cassava Resources Holdings Ltd (HKSE:00841) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

63 Mody Road, Unit 612-613, 6th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.asiacassava.com

Asia Cassava Resources Holdings Ltd is an investment holding company, which engages in the trade of dried cassava chips. It operates through the following segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel Operations. The Procurement and Sale of Dried Cassava Chips segment which generates majority revenue offer procurement and sale of dried cassava chips. The Property Investment segment invests in office space and industrial properties for its rental income potential. The Hotel Operations segment involves in hotel operations in the People's Republic of China. The company operates in four geographical markets Hong Kong, Mainland China, Laos and Thailand out of which Mainland China acts as a major revenue contributor.

Asia Cassava Resources Holdings (HKSE:00841) Headlines

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