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Royale Home Holdings (HKSE:01198) EBIT : HK$-300.2 Mil (TTM As of Dec. 2023)


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What is Royale Home Holdings EBIT?

Royale Home Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-296.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-300.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Royale Home Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -9.28%. Royale Home Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -37.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Royale Home Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.94%.


Royale Home Holdings EBIT Historical Data

The historical data trend for Royale Home 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.

Royale Home Holdings EBIT Chart

Royale Home Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.95 1,070.44 241.62 26.20 -300.19

Royale Home Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 284.21 -6.51 32.40 -3.92 -296.26

Competitive Comparison of Royale Home Holdings's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Royale Home 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.


Royale Home Holdings's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Royale Home Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Royale Home Holdings's EV-to-EBIT falls into.



Royale Home 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$-300.2 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.


Royale Home Holdings  (HKSE:01198) EBIT Explanation

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

Royale Home 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 )
=-550.074 * ( 1 - 9.75% )/( (5251.754 + 5452.439)/ 2 )
=-496.441785/5352.0965
=-9.28 %

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))
=5700.635 - 433.429 - ( 15.452 - max(0, 1914.901 - 2041.752+15.452))
=5251.754

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))
=5803.371 - 456.053 - ( 54.858 - max(0, 2468.533 - 2363.412+54.858))
=5452.439

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:

Royale Home 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 )
=-592.528/( ( (1155.751 + max(246.194, 0)) + (1188.305 + max(582.205, 0)) )/ 2 )
=-592.528/( ( 1401.945 + 1770.51 )/ 2 )
=-592.528/1586.2275
=-37.35 %

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)
=(235.239 + 280.665 + 163.719) - (433.429 + 0 + 2.2737367544323E-13)
=246.194

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(258.545 + 330.758 + 616.588) - (456.053 + 0 + 167.633)
=582.205

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:

Royale Home Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-300.185/4323.575
=-6.94 %

* 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.


Royale Home Holdings EBIT Related Terms

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Royale Home Holdings (HKSE:01198) Business Description

Traded in Other Exchanges
N/A
Address
66 Mody Road, Room 607, 6th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG
Royale Home Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the manufacture and sale of home furniture in China. The segments of the company are, 1) The furniture products segment, engaging in the manufacture and sale of home furniture. 2) The development properties for sale and property investments segment, engaging in the property investments and development. 3) The hotel operations segment, engaging in hotel operations. 4) The trading segment, engaging in the trading of aluminium ingots and bars. Geographically, it derives revenue from Mainland China.
Executives
Tse Kam Pang 2201 Interest of corporation controlled by you
Ke Xue Cheng Guang Zhou Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Ke Xue Cheng Xiang Gang Tou Zi You Xian Gong Si 2101 Beneficial owner
Great Diamond Developments Ltd 2101 Beneficial owner

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