China-Hongkong Photo Products Holdings (HKSE:01123) EBIT : HK$17 Mil (TTM As of Mar. 2024)

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What is China-Hongkong Photo Products Holdings EBIT?

China-Hongkong Photo Products Holdings's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was HK$5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$17 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China-Hongkong Photo Products Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 0.11%. China-Hongkong Photo Products Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China-Hongkong Photo Products Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -21.62%.

China-Hongkong Photo Products Holdings EBIT Historical Data

The historical data trend for China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings EBIT Chart

China-Hongkong Photo Products Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-32.68

37.33

24.27

47.01

33.90

China-Hongkong Photo Products Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial															11.42	35.59	29.00	4.89	11.71

Competitive Comparison of China-Hongkong Photo Products Holdings's EBIT

For the Leisure subindustry, China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's EV-to-EBIT falls into.

China-Hongkong Photo Products 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$17 Mil.

China-Hongkong Photo Products Holdings (HKSE:01123) EBIT Explanation

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

China-Hongkong Photo Products Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	1.748 * ( 1 - 62.03% )	/	( (619.616	+	630.032)	/ 2 )
=	0.6637156	/	624.824
=	0.11 %

where

	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	))
=	923.473	-	70.374	-	( 233.483	-	max(0, 178.202	-	542.919	+	233.483	))
=	619.616

	Invested Capital		(Q: Mar. 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	))
=	941.609	-	67.296	-	( 244.281	-	max(0, 182.818	-	537.645	+	244.281	))
=	630.032

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

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

China-Hongkong Photo Products Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.786	/	( ( (96.75 + max(110.301, 0))	+	(125.571 + max(90.162, 0)) )	/	2 )
=	9.786	/	( ( 207.051	+	215.733 )	/	2 )
=	9.786	/	211.392
=	4.63 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(73.803	+	185.302	+	0)	-	(70.374	+	0	+	78.43)
=	110.301

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.305	+	164.39	+	0)	-	(67.296	+	0	+	78.237)
=	90.162

When net working capital is negative, 0 is used.

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

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

China-Hongkong Photo Products Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	16.602	/	-76.778
	=	-21.62 %

China-Hongkong Photo Products Holdings EBIT Related Terms

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China-Hongkong Photo Products Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China-Hongkong Photo Products Holdings Ltd (HKSE:01123) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG

Website

http://www.chinahkphoto.com.hk

China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and 0thers. Its Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Sun Tai Lun
Sun Tao Hsi, Ryan	2305 Beneficiary of a trust

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