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Ming Yuan Cloud Group Holdings (HKSE:00909) EBIT : HK$-637 Mil (TTM As of Dec. 2023)


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What is Ming Yuan Cloud Group Holdings EBIT?

Ming Yuan Cloud Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-287 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-637 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ming Yuan Cloud Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -35.52%. Ming Yuan Cloud Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -142.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ming Yuan Cloud Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 193.43%.


Ming Yuan Cloud Group Holdings EBIT Historical Data

The historical data trend for Ming Yuan Cloud Group 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.

Ming Yuan Cloud Group Holdings EBIT Chart

Ming Yuan Cloud Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 271.82 -768.19 -612.75 -1,293.54 -636.93

Ming Yuan Cloud Group Holdings Semi-Annual Data
Dec17 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 -843.04 -658.45 -666.26 -350.39 -286.54

Competitive Comparison of Ming Yuan Cloud Group Holdings's EBIT

For the Software - Application subindustry, Ming Yuan Cloud Group 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.


Ming Yuan Cloud Group Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ming Yuan Cloud Group Holdings's EV-to-EBIT falls into.



Ming Yuan Cloud Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-637 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.


Ming Yuan Cloud Group Holdings  (HKSE:00909) EBIT Explanation

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

Ming Yuan Cloud Group Holdings'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 )
=-724.852 * ( 1 - 0.96% )/( (2009.575 + 2032.51)/ 2 )
=-717.8934208/2021.0425
=-35.52 %

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))
=6498.388 - 49.645 - ( 4686.379 - max(0, 795.223 - 5234.391+4686.379))
=2009.575

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))
=6401.032 - 51.154 - ( 4665.456 - max(0, 870.896 - 5188.264+4665.456))
=2032.51

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:

Ming Yuan Cloud Group Holdings'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 )
=-573.07/( ( (424.867 + max(-283.334, 0)) + (379.062 + max(-389.684, 0)) )/ 2 )
=-573.07/( ( 424.867 + 379.062 )/ 2 )
=-573.07/401.9645
=-142.57 %

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)
=(94.47 + 10.528 + 361.813) - (49.645 + 0 + 700.5)
=-283.334

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.373 + 10.43 + 351.777) - (51.154 + 0 + 773.11)
=-389.684

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:

Ming Yuan Cloud Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-636.929/-329.274
=193.43 %

* 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.


Ming Yuan Cloud Group Holdings EBIT Related Terms

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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Traded in Other Exchanges
N/A
Address
18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN
Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.
Executives
Tmf (cayman) Ltd. 2301 Trustee
Gao Yu 2307 Founder of a discretionary trust who can infl
Ghtongrui Investment Limited 2101 Beneficial owner
Mytongrui Holdings Limited 2201 Interest of corporation controlled by you
Myc Marvellous Limited 2101 Beneficial owner
Tmf Trust (hk) Limited 2301 Trustee
Jiang Haiyang 2307 Founder of a discretionary trust who can infl
Lingfan Investment Limited 2101 Beneficial owner
Chen Xiaohui 2307 Founder of a discretionary trust who can infl
Mindfree Holdings Limited 2201 Interest of corporation controlled by you
Hengxinyuan Investment Limited 2101 Beneficial owner
Sunshinemorning Holdings Limited 2201 Interest of corporation controlled by you

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