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Courage Investment Group (HKSE:01145) EBIT : HK$13.47 Mil (TTM As of Jun. 2024)


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What is Courage Investment Group EBIT?

Courage Investment Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$10.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$13.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Courage Investment Group's annualized ROC % for the quarter that ended in Jun. 2024 was 5.41%. Courage Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Courage Investment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 18.09%.


Courage Investment Group EBIT Historical Data

The historical data trend for Courage Investment 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.

* Premium members only.

Courage Investment Group EBIT Chart

Courage Investment Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.30 85.28 11.44 -29.58 13.42

Courage Investment Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -2.13 -6.80 -22.80 10.13 3.34

Competitive Comparison of Courage Investment Group's EBIT

For the Marine Shipping subindustry, Courage Investment 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.


Courage Investment Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Courage Investment Group's EV-to-EBIT distribution charts can be found below:

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


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Courage Investment 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$13.47 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.


Courage Investment Group  (HKSE:01145) EBIT Explanation

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

Courage Investment Group'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 )
=17.088 * ( 1 - 0% )/( (323.474 + 307.924)/ 2 )
=17.088/315.699
=5.41 %

where

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:

Courage Investment Group'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 )
=20.26/( ( (311.127 + max(-4.724, 0)) + (300.685 + max(-6.224, 0)) )/ 2 )
=20.26/( ( 311.127 + 300.685 )/ 2 )
=20.26/305.906
=6.62 %

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)
=(2.523 + 0 + 1.125) - (5.74 + 0 + 2.632)
=-4.724

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.437 + 0 + 1.367) - (4.288 + 0 + 3.74)
=-6.224

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=13.465/74.436
=18.09 %

* 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.


Courage Investment Group EBIT Related Terms

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Courage Investment Group Business Description

Traded in Other Exchanges
Address
23 Harbour Road, Room 1501, 15th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG
Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment and Investment holding. It generates maximum revenue from the Marine transportation segment which comprises mainly vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.
Executives
Liu Sainan 2201 Interest of corporation controlled by you
China Mark Limited 2101 Beneficial owner
Brilliant Epic Asia Limited 2201 Interest of corporation controlled by you
Success United Development Limited 2101 Beneficial owner
Suen Cho Hung, Paul 2201 Interest of corporation controlled by you

Courage Investment Group Headlines

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