Lap Kei Engineering (Holdings) (HKSE:01690) EBIT : HK$9.1 Mil (TTM As of Dec. 2023)

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What is Lap Kei Engineering (Holdings) EBIT?

Lap Kei Engineering (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$6.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$9.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lap Kei Engineering (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 was 5.75%. Lap Kei Engineering (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 108.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lap Kei Engineering (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.71%.

Lap Kei Engineering (Holdings) EBIT Historical Data

The historical data trend for Lap Kei Engineering (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.

Lap Kei Engineering (Holdings) EBIT Chart

Lap Kei Engineering (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-31.59

-1.78

8.88

9.03

9.13

Lap Kei Engineering (Holdings) Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial														12.62	7.50	1.53	3.08	6.05

Competitive Comparison of Lap Kei Engineering (Holdings)'s EBIT

For the Engineering & Construction subindustry, Lap Kei Engineering (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.

Lap Kei Engineering (Holdings)'s EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lap Kei Engineering (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lap Kei Engineering (Holdings)'s EV-to-EBIT falls into.

Lap Kei Engineering (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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$9.1 Mil.

Lap Kei Engineering (Holdings) (HKSE:01690) EBIT Explanation

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

Lap Kei Engineering (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	11.75 * ( 1 - 27.16% )	/	( (101.804	+	196.121)	/ 2 )
=	8.5587	/	148.9625
=	5.75 %

where

	Invested Capital		(Q: Jun. 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	))
=	260.942	-	111.775	-	( 47.363	-	max(0, 111.775	-	244.233	+	47.363	))
=	101.804

	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	))
=	296.941	-	55.064	-	( 45.756	-	max(0, 143.588	-	284.307	+	45.756	))
=	196.121

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

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

Lap Kei Engineering (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	12.1	/	( ( (11.806 + max(-58.258, 0))	+	(10.504 + max(-83.04, 0)) )	/	2 )
=	12.1	/	( ( 11.806	+	10.504 )	/	2 )
=	12.1	/	11.155
=	108.47 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(48.108	+	0	+	5.409)	-	(111.775	+	0	+	0)
=	-58.258

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.403	+	0	+	5.145)	-	(55.064	+	0	+	88.524)
=	-83.04

When net working capital is negative, 0 is used.

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

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

Lap Kei Engineering (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9.125	/	66.558
	=	13.71 %

Lap Kei Engineering (Holdings) EBIT Related Terms

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Lap Kei Engineering (Holdings) (HKSE:01690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lap Kei Engineering (Holdings) Ltd (HKSE:01690) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

19 Lam Hing Street, Room 6, 6th Floor, Block B, Tonic Industrial Centre, Kowloon Bay, Hong Kong, HKG

Website

http://www.lapkeieng.com

Lap Kei Engineering (Holdings) Ltd provides engineering services for building services systems. The company is organized into the principal operating divisions of the building services engineering work division and maintenance, repair; and maintenance, repair, and other services division. The building services engineering work division, which is the key revenue-generating segment, comprises the provision of building services engineering work including mechanical ventilation and air-conditioning system, electrical system, plumbing and drainage system, fire system, and other related works. Maintenance, repair, and other services involve the provision of maintenance and repair services for building services systems and the replacement of parts. It derives prime revenue from Hong Kong.

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