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Clarity Medical Group Holding (HKSE:01406) EBIT : HK$-74.8 Mil (TTM As of Sep. 2024)


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What is Clarity Medical Group Holding EBIT?

Clarity Medical Group Holding's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$-17.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-74.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clarity Medical Group Holding's annualized ROC % for the quarter that ended in Sep. 2024 was -21.07%. Clarity Medical Group Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -63.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clarity Medical Group Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -83.76%.


Clarity Medical Group Holding EBIT Historical Data

The historical data trend for Clarity Medical Group Holding'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.

Clarity Medical Group Holding EBIT Chart

Clarity Medical Group Holding Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial 34.28 44.72 19.82 -1.39 -79.87

Clarity Medical Group Holding Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.63 -12.02 -22.08 -57.79 -17.03

Competitive Comparison of Clarity Medical Group Holding's EBIT

For the Medical Instruments & Supplies subindustry, Clarity Medical Group Holding'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.


Clarity Medical Group Holding's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Clarity Medical Group Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Clarity Medical Group Holding's EV-to-EBIT falls into.



Clarity Medical Group Holding 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$-74.8 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.


Clarity Medical Group Holding  (HKSE:01406) EBIT Explanation

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

Clarity Medical Group Holding'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 )
=-19.13 * ( 1 - -5.09% )/( (92.544 + 98.279)/ 2 )
=-20.103717/95.4115
=-21.07 %

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))
=236.163 - 12.744 - ( 141.431 - max(0, 38.333 - 169.208+141.431))
=92.544

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:

Clarity Medical Group Holding'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 )
=-34.068/( ( (52.629 + max(-7.59, 0)) + (54.001 + max(-10.844, 0)) )/ 2 )
=-34.068/( ( 52.629 + 54.001 )/ 2 )
=-34.068/53.315
=-63.90 %

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)
=(2.647 + 3.576 + 5.343) - (12.744 + 0 + 6.412)
=-7.59

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.813 + 3.545 + 7.425) - (6.673 + 0 + 17.954)
=-10.844

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:

Clarity Medical Group Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-74.822/89.332
=-83.76 %

* 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.


Clarity Medical Group Holding EBIT Related Terms

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Clarity Medical Group Holding Business Description

Traded in Other Exchanges
N/A
Address
9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG
Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.
Executives
3w Partners Fund I L.p. 2201 Interest of corporation controlled by you
3w Partners Gp Limited 2201 Interest of corporation controlled by you
3w Partners Holdings Limited 2201 Interest of corporation controlled by you
Clear Lead Ventures Limited 2101 Beneficial owner
Goh Lu Hong 2501 Other
Chan Hoi Hin William 2501 Other
Global Vision Investment Lp 2201 Interest of corporation controlled by you
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd) 2201 Interest of corporation controlled by you
Innovative Vision Inc 2101 Beneficial owner
Prime Sage International Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Ultimate Bliss Limited 2307 Founder of a discretionary trust who can infl
Tse Wai Ip 2307 Founder of a discretionary trust who can infl
Cheng Chi Heng 2101 Beneficial owner
Wuxi Apptec (hong Kong) Limited

Clarity Medical Group Holding Headlines

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