Kin Shing Holdings (HKSE:01630) EBIT : HK$12.5 Mil (TTM As of Sep. 2023)

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What is Kin Shing Holdings EBIT?

Kin Shing Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-5.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$12.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kin Shing Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 0.78%. Kin Shing Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -38.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kin Shing Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -9.21%.

Kin Shing Holdings EBIT Historical Data

The historical data trend for Kin Shing 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.

Kin Shing Holdings EBIT Chart

Kin Shing Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-10.44

-9.49

6.92

-9.50

14.91

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial													-4.81	-4.69	-2.70	17.60	-5.07

Competitive Comparison of Kin Shing Holdings's EBIT

For the Engineering & Construction subindustry, Kin Shing 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.

Kin Shing Holdings's EV-to-EBIT Distribution in the Construction Industry

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

* The bar in red indicates where Kin Shing Holdings's EV-to-EBIT falls into.

Kin Shing 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$12.5 Mil.

Kin Shing Holdings (HKSE:01630) EBIT Explanation

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

Kin Shing Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	1.052 * ( 1 - 0% )	/	( (110.373	+	160.234)	/ 2 )
=	1.052	/	135.3035
=	0.78 %

where

	Invested Capital		(Q: Mar. 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	))
=	425.96	-	176.94	-	( 217.702	-	max(0, 259.048	-	397.695	+	217.702	))
=	110.373

	Invested Capital		(Q: Sep. 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	))
=	490.661	-	194.73	-	( 181.455	-	max(0, 331.028	-	466.725	+	181.455	))
=	160.234

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Kin Shing Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.14	/	( ( (28.265 + max(-193.382, 0))	+	(23.936 + max(-137.691, 0)) )	/	2 )
=	-10.14	/	( ( 28.265	+	23.936 )	/	2 )
=	-10.14	/	26.1005
=	-38.85 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(62.985	+	0	+	0.161)	-	(176.94	+	0	+	79.588)
=	-193.382

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(191.445	+	0	+	0.057999999999993)	-	(194.73	+	0	+	134.464)
=	-137.691

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Kin Shing Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	12.531	/	-136.047
	=	-9.21 %

Kin Shing Holdings EBIT Related Terms

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Kin Shing Holdings (HKSE:01630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. The group is a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works and the Building construction works segment and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

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