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Virscend Education Co (HKSE:01565) EBIT : HK$202 Mil (TTM As of Aug. 2024)


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What is Virscend Education Co EBIT?

Virscend Education Co's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2024 was HK$87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2024 was HK$202 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Virscend Education Co's annualized ROC % for the quarter that ended in Aug. 2024 was 2.74%. Virscend Education Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 5.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Virscend Education Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 10.21%.


Virscend Education Co EBIT Historical Data

The historical data trend for Virscend Education Co'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.

Virscend Education Co EBIT Chart

Virscend Education Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Aug22 Aug23 Aug24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 546.24 -100.62 104.84 166.26 202.71

Virscend Education Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 49.62 89.13 82.40 115.44 86.92

Competitive Comparison of Virscend Education Co's EBIT

For the Education & Training Services subindustry, Virscend Education Co'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.


Virscend Education Co's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Virscend Education Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Virscend Education Co's EV-to-EBIT falls into.


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Virscend Education Co 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$202 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.


Virscend Education Co  (HKSE:01565) EBIT Explanation

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

Virscend Education Co's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=169.262 * ( 1 - 13.68% )/( (5172.19 + 5482.508)/ 2 )
=146.1069584/5327.349
=2.74 %

where

Invested Capital(Q: Feb. 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))
=4592.911 - 159.864 - ( 573.163 - max(0, 1495.957 - 756.814+573.163))
=5172.19

Invested Capital(Q: Aug. 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))
=4873.559 - 133.632 - ( 928.81 - max(0, 1799.065 - 1056.484+928.81))
=5482.508

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

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

Virscend Education Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=173.832/( ( (3547.087 + max(-466.192, 0)) + (3269.301 + max(-965.86, 0)) )/ 2 )
=173.832/( ( 3547.087 + 3269.301 )/ 2 )
=173.832/3408.194
=5.10 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.732 + 0.234 + 182.685) - (159.864 + 0 + 489.979)
=-466.192

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.331 + 0.249 + -0.00099999999997635) - (133.632 + 0 + 833.807)
=-965.86

When net working capital is negative, 0 is used.

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

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

Virscend Education Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2024 )
=202.352/1981.330
=10.21 %

* 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.


Virscend Education Co EBIT Related Terms

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Virscend Education Co Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Sandongqiao Road, Jinniu District, Chengdu, CHN
Virscend Education Co Ltd is a provider of K-12 private education services. The company is a provider of high school and university private education services in Southwest China. The firm's formal education industry consists of education for pre-school, primary, middle, and high school students with a total of over 16-second foreign language-based classes to its students which include German, French, and Japanese, among other languages. The majority of the company revenues are generated through tuition fees.
Executives
Wang Xiaoying 2202 Interest of your spouse
Yan Yude 2201 Interest of corporation controlled by you
Bank Of China Limited 2106 Person having a security interest in shares
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Invesco Canada Ltd. 2102 Investment manager
Virscend Holdings Company Limited 2101 Beneficial owner

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