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Sound Global (HKSE:00967) EBIT : HK$-212 Mil (TTM As of Jun. 2019)


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What is Sound Global EBIT?

Sound Global's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2019 was HK$909 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was HK$-212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sound Global's annualized ROC % for the quarter that ended in Jun. 2019 was 7.89%. Sound Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 34.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sound Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -4.71%.


Sound Global EBIT Historical Data

The historical data trend for Sound Global'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.

Sound Global EBIT Chart

Sound Global Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,180.83 1,100.75 907.58 723.43 -308.49

Sound Global Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 648.23 52.98 867.19 -1,120.06 908.50

Competitive Comparison of Sound Global's EBIT

For the Utilities - Regulated Water subindustry, Sound Global'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.


Sound Global's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sound Global's EV-to-EBIT distribution charts can be found below:

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



Sound Global 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-212 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.


Sound Global  (HKSE:00967) EBIT Explanation

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

Sound Global's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

ROC % (Q: Jun. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2018 ) + Invested Capital (Q: Jun. 2019 ))/ count )
=1876.826 * ( 1 - 19.41% )/( (19784.433 + 18559.745)/ 2 )
=1512.5340734/19172.089
=7.89 %

where

Invested Capital(Q: Dec. 2018 )
=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))
=25387.876 - 6161.349 - ( 571.756 - max(0, 13208.635 - 12650.729+571.756))
=19784.433

Invested Capital(Q: Jun. 2019 )
=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))
=27290.474 - 8285.572 - ( 445.157 - max(0, 12125.745 - 13098.517+445.157))
=18559.745

Note: The Operating Income data used here is two times the semi-annual (Jun. 2019) data.

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

Sound Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Jun. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1817.006/( ( (303.213 + max(5469.092, 0)) + (302.745 + max(4318.165, 0)) )/ 2 )
=1817.006/( ( 5772.305 + 4620.91 )/ 2 )
=1817.006/5196.6075
=34.97 %

where Working Capital is:

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3619.187 + 511.007 + 7948.779) - (6161.349 + 0 + 448.532)
=5469.092

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9524.89 + 509.046 + 2619.424) - (8285.572 + 0 + 49.623000000001)
=4318.165

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2019) EBIT data.

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

Sound Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2019 )
=-211.561/4488.490
=-4.71 %

* 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.


Sound Global EBIT Related Terms

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Sound Global (HKSE:00967) Business Description

Traded in Other Exchanges
N/A
Address
460 Alexandra Road, Fragrance Empire Building Number 04-03, Singapore, SGP, 119962
Sound Global Ltd is a utilities service provider. Its business mainly involves the provision of water supply and wastewater treatment solutions. The group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It is engaged in three operating segments, namely Turnkey Projects and Services, which is the key revenue generator; Equipment Fabrications; and Operations and maintenance of water supply and wastewater treatment facilities.
Executives
Century Plus Limited 2101 Beneficial owner
China Cinda Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Cinda Investment Co., Ltd. 2201 Interest of corporation controlled by you
Cui Wanlin 2201 Interest of corporation controlled by you
Jin Si Fang Investment (beijing) Company Limited 2201 Interest of corporation controlled by you
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Hainan Jianxin Investment Management Co., Ltd. 2201 Interest of corporation controlled by you
Wen Yibo 2201 Interest of corporation controlled by you
Zhang Huiming 2202 Interest of your spouse
Sound Water (bvi) Limited 2101 Beneficial owner
Changxing Sound Investment Partnership (limited Partnership) 2106 Person having a security interest in shares
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd 2201 Interest of corporation controlled by you
Shoutai Jinxin (changxing) Investment & Management Co. Ltd. 2201 Interest of corporation controlled by you

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