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Greatime International Holdings (HKSE:00844) EBIT : HK$1.1 Mil (TTM As of Jun. 2024)


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What is Greatime International Holdings EBIT?

Greatime International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-9.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greatime International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -8.63%. Greatime International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -12.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greatime International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.62%.


Greatime International Holdings EBIT Historical Data

The historical data trend for Greatime International 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.

Greatime International Holdings EBIT Chart

Greatime International Holdings 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 6.13 25.44 -7.31 12.89 3.79

Greatime International Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 20.65 -6.78 -6.63 10.43 -9.31

Competitive Comparison of Greatime International Holdings's EBIT

For the Apparel Manufacturing subindustry, Greatime International 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.


Greatime International Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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Greatime International 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1.1 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.


Greatime International Holdings  (HKSE:00844) EBIT Explanation

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

Greatime International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-26.92 * ( 1 - -42.17% )/( (424.652 + 461.91)/ 2 )
=-38.272164/443.281
=-8.63 %

where

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))
=678.072 - 169.794 - ( 306.387 - max(0, 362.301 - 445.927+306.387))
=424.652

Invested Capital(Q: Jun. 2024 )
=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))
=653.319 - 119.413 - ( 253.355 - max(0, 360.665 - 432.661+253.355))
=461.91

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Greatime International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.628/( ( (153.189 + max(-47.809, 0)) + (156.7 + max(-26.865, 0)) )/ 2 )
=-18.628/( ( 153.189 + 156.7 )/ 2 )
=-18.628/154.9445
=-12.02 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.944 + 75.174 + 6.748) - (169.794 + 0 + 10.881)
=-47.809

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.578 + 79.444 + 1.272) - (119.413 + 0 + 62.746)
=-26.865

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1.111/68.608
=1.62 %

* 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.


Greatime International Holdings EBIT Related Terms

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Greatime International Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN
Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment, Knitted Fabrics segment and Space measurement services, industrial drones and measurement robots. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.
Executives
Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited 2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

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