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Hengtou Securities (HKSE:01476) EBIT : HK$589 Mil (TTM As of Dec. 2024)


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What is Hengtou Securities EBIT?

Hengtou Securities's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was HK$295 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$589 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hengtou Securities's annualized ROC % for the quarter that ended in Dec. 2024 was 2.16%. Hengtou Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 18.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hengtou Securities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 75.50%.


Hengtou Securities EBIT Historical Data

The historical data trend for Hengtou Securities'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.

Hengtou Securities EBIT Chart

Hengtou Securities 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 1,242.05 1,168.76 -1,719.54 489.42 586.91

Hengtou Securities 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 -1,446.81 460.75 28.67 294.52 294.81

Competitive Comparison of Hengtou Securities's EBIT

For the Capital Markets subindustry, Hengtou Securities'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.


Hengtou Securities's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hengtou Securities's EV-to-EBIT distribution charts can be found below:

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


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Hengtou Securities 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$589 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.


Hengtou Securities  (HKSE:01476) EBIT Explanation

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

Hengtou Securities's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=379.648 * ( 1 - 22.14% )/( (13796.795 + 13541.859)/ 2 )
=295.5939328/13669.327
=2.16 %

where

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))
=37918.676 - 13461.635 - ( 16023.461 - max(0, 24357.131 - 35017.377+16023.461))
=13796.795

Invested Capital(Q: Dec. 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))
=42686.683 - 17837.12 - ( 15168.084 - max(0, 28804.472 - 40112.176+15168.084))
=13541.859

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

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

Hengtou Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=589.624/( ( (480.614 + max(2298.437, 0)) + (451.523 + max(3105.957, 0)) )/ 2 )
=589.624/( ( 2779.051 + 3557.48 )/ 2 )
=589.624/3168.2655
=18.61 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5614.351 + 0 + 13289.464) - (13461.635 + 0 + 3143.743)
=2298.437

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6543.527 + 0 + 18332.586) - (17837.12 + 0 + 3933.036)
=3105.957

When net working capital is negative, 0 is used.

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

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

Hengtou Securities's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=589.336/780.592
=75.50 %

* 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.


Hengtou Securities EBIT Related Terms

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Hengtou Securities Business Description

Traded in Other Exchanges
N/A
Address
No. 83 Deshengmenwai Street, 3rd, 4th and 12th Floor, Building B, Desheng International Center, Xicheng District, Beijing, CHN, 100033
Hengtou Securities Formerly Hengtai Securities Co Ltd offers financial products and services to individuals, corporations, financial institutions, and government entities. The company's operating segment includes Brokerage and wealth management; Investment banking; Proprietary trading; Investment Management and Others. It generates maximum revenue from the Brokerage and wealth management segment. The brokerage and wealth management segment engaged in the trading of stocks, funds, bonds, and futures on behalf of the clients, and also providing investment and financing solutions to high-end, professional, and institutional clients. In addition, the sale of financial products, margin financing, and securities lending.
Executives
Glowing Lane Limited 2101 Beneficial owner
Kuo Yung Chun 2201 Interest of corporation controlled by you
G-resources Group Limited 2201 Interest of corporation controlled by you
Guo Tai Ji Jin Guan Li You Xian Gong Si

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