Kingston Financial Group (HKSE:01031) EBIT : HK$178 Mil (TTM As of Sep. 2022)

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What is Kingston Financial Group EBIT?

Kingston Financial Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2022 was HK$53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was HK$178 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kingston Financial Group's annualized ROC % for the quarter that ended in Sep. 2022 was 0.29%. Kingston Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 0.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kingston Financial Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 1.89%.

Kingston Financial Group EBIT Historical Data

The historical data trend for Kingston Financial Group'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.

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Kingston Financial Group EBIT Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

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1,637.41

1,263.42

628.97

313.53

177.99

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
EBIT	Get a 7-Day Free Trial															310.55	2.98	53.29	124.70	53.13

Competitive Comparison of Kingston Financial Group's EBIT

For the Capital Markets subindustry, Kingston Financial Group'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.

Kingston Financial Group's EV-to-EBIT Distribution in the Capital Markets Industry

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

* The bar in red indicates where Kingston Financial Group's EV-to-EBIT falls into.

Kingston Financial Group 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$178 Mil.

Kingston Financial Group (HKSE:01031) EBIT Explanation

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

Kingston Financial Group's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	1416.8 * ( 1 - 94.81% )	/	( (25159.372	+	24944.049)	/ 2 )
=	73.53192	/	25051.7105
=	0.29 %

where

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	27414.803	-	1918.326	-	( 337.105	-	max(0, 6657.548	-	14787.152	+	337.105	))
=	25159.372

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	28907.459	-	3512.882	-	( 450.528	-	max(0, 8135.651	-	16301.43	+	450.528	))
=	24944.049

Note: The Operating Income data used here is two times the semi-annual (Sep. 2022) data.

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

Kingston Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	106.26	/	( ( (1626.854 + max(12506.652, 0))	+	(1606.441 + max(12320.434, 0)) )	/	2 )
=	106.26	/	( ( 14133.506	+	13926.875 )	/	2 )
=	106.26	/	14030.1905
=	0.76 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.267	+	1.763	+	14379.948)	-	(1918.326	+	0	+	0)
=	12506.652

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.477	+	1.728	+	15790.111)	-	(3512.882	+	0	+	0)
=	12320.434

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

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

Kingston Financial Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	177.827	/	9408.064
	=	1.89 %

Kingston Financial Group EBIT Related Terms

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Kingston Financial Group (HKSE:01031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (HKSE:01031) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

Executives

Active Dynamic Limited	2101 Beneficial owner
Chu Yuet Wah

Kingston Financial Group (HKSE:01031) Headlines

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