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Goldstream Investment (HKSE:01328) EBIT : HK$60.63 Mil (TTM As of Jun. 2024)


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What is Goldstream Investment EBIT?

Goldstream Investment's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$49.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$60.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goldstream Investment's annualized ROC % for the quarter that ended in Jun. 2024 was 10.48%. Goldstream Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2,173.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Goldstream Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 23.14%.


Goldstream Investment EBIT Historical Data

The historical data trend for Goldstream Investment'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.

Goldstream Investment EBIT Chart

Goldstream Investment 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 -41.31 14.15 -52.18 -79.88 47.40

Goldstream Investment Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -57.88 -22.00 36.66 10.74 49.89

Competitive Comparison of Goldstream Investment's EBIT

For the Asset Management subindustry, Goldstream Investment'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.


Goldstream Investment's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldstream Investment's EV-to-EBIT distribution charts can be found below:

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


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Goldstream Investment 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$60.63 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.


Goldstream Investment  (HKSE:01328) EBIT Explanation

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

Goldstream Investment'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 )
=56.278 * ( 1 - 3.97% )/( (517.198 + 513.777)/ 2 )
=54.0437634/515.4875
=10.48 %

where

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))
=833.909 - 21.148 - ( 295.563 - max(0, 57.101 - 577.899+295.563))
=517.198

Invested Capital(Q: Jun. 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))
=919.263 - 32.908 - ( 372.578 - max(0, 60.723 - 651.535+372.578))
=513.777

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:

Goldstream Investment'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 )
=99.788/( ( (0.809 + max(-39.73, 0)) + (8.375 + max(-43.082, 0)) )/ 2 )
=99.788/( ( 0.809 + 8.375 )/ 2 )
=99.788/4.592
=2,173.08 %

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)
=(12.927 + 0 + 4.4440000000001) - (21.148 + 0 + 35.953)
=-39.73

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.404 + 0 + 2.73) - (32.908 + 0 + 24.308)
=-43.082

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=60.632/262.019
=23.14 %

* 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.


Goldstream Investment EBIT Related Terms

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Goldstream Investment Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Finance Street, Suite 7008, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Goldstream Investment Ltd is an investment holding company. The operating segments of the group are the IM business and SDI business. IM (Investment Management) business includes advisory services on securities and asset management; securities trading; and provision of the infrastructure of the investment management system. SDI (strategic direct investment) business includes the provision of making proprietary investments in the financial markets. The group has a business presence in Hong Kong; the PRC; the United States and others.
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