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Grand Ming Group Holdings (HKSE:01271) EBIT : HK$382 Mil (TTM As of Sep. 2024)


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What is Grand Ming Group Holdings EBIT?

Grand Ming Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$118 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$382 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grand Ming Group Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was 1.46%. Grand Ming Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grand Ming Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.33%.


Grand Ming Group Holdings EBIT Historical Data

The historical data trend for Grand Ming Group 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.

Grand Ming Group Holdings EBIT Chart

Grand Ming Group Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.60 249.47 85.58 1,634.27 435.80

Grand Ming Group 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 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 1,757.60 -123.33 172.10 263.70 118.49

Competitive Comparison of Grand Ming Group Holdings's EBIT

For the Engineering & Construction subindustry, Grand Ming Group 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.


Grand Ming Group Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's EV-to-EBIT falls into.


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Grand Ming Group 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$382 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.


Grand Ming Group Holdings  (HKSE:01271) EBIT Explanation

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

Grand Ming Group Holdings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=169.73 * ( 1 - 22.35% )/( (8889.971 + 9191.679)/ 2 )
=131.795345/9040.825
=1.46 %

where

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))
=9386.245 - 433.712 - ( 62.562 - max(0, 2123.872 - 2505.742+62.562))
=8889.971

Invested Capital(Q: Sep. 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))
=9527.504 - 288.776 - ( 47.049 - max(0, 1626.024 - 2345.466+47.049))
=9191.679

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

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

Grand Ming Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=236.97/( ( (816.284 + max(1851.708, 0)) + (805.843 + max(1868.015, 0)) )/ 2 )
=236.97/( ( 2667.992 + 2673.858 )/ 2 )
=236.97/2670.925
=8.87 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.532 + 1773.757 + 508.227) - (433.712 + 0 + 33.096)
=1851.708

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.549 + 1637.019 + 531.805) - (288.776 + 0 + 53.582)
=1868.015

When net working capital is negative, 0 is used.

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

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

Grand Ming Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=382.186/8836.088
=4.33 %

* 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.


Grand Ming Group Holdings EBIT Related Terms

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Grand Ming Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.
Executives
Lau Cw Company Limited 2101 Beneficial owner
Lau Chi Wah 2101 Beneficial owner
Cheung Shuk Fong 2202 Interest of your spouse
Xu Chujia 2201 Interest of corporation controlled by you
Banco Well Link, S.a. 2106 Person having a security interest in shares
Well Link Holdings Limited 2201 Interest of corporation controlled by you
Chan Hm Company Limited 2101 Beneficial owner
Chan Hung Ming 2201 Interest of corporation controlled by you

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