HK Asia Holdings (HKSE:01723) EBIT : HK$5.4 Mil (TTM As of Sep. 2024)

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What is HK Asia Holdings EBIT?

HK Asia Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$1.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$5.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HK Asia Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -0.82%. HK Asia Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HK Asia Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.28%.

HK Asia Holdings EBIT Historical Data

The historical data trend for HK Asia 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.

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HK Asia Holdings EBIT Chart

HK Asia Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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31.94

12.91

23.56

4.70

17.67

HK Asia Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
EBIT	Get a 7-Day Free Trial												7.17	-2.47	13.30	4.37	1.04

Competitive Comparison of HK Asia Holdings's EBIT

For the Telecom Services subindustry, HK Asia 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.

HK Asia Holdings's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HK Asia Holdings's EV-to-EBIT distribution charts can be found below:

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

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HK Asia 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$5.4 Mil.

HK Asia Holdings (HKSE:01723) EBIT Explanation

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

HK Asia Holdings'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 )
=	-0.598 * ( 1 - 16.44% )	/	( (70.327	+	52.068)	/ 2 )
=	-0.4996888	/	61.1975
=	-0.82 %

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	))
=	138.744	-	2.842	-	( 65.575	-	max(0, 12.698	-	119.527	+	65.575	))
=	70.327

	Invested Capital		(Q: Sep. 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	))
=	136.851	-	22.476	-	( 62.307	-	max(0, 31.428	-	120.098	+	62.307	))
=	52.068

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:

HK Asia Holdings'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 )
=	2.08	/	( ( (16.545 + max(44.925, 0))	+	(14.081 + max(29.005, 0)) )	/	2 )
=	2.08	/	( ( 61.47	+	43.086 )	/	2 )
=	2.08	/	52.278
=	3.98 %

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)
=	(1.966	+	45.759	+	5.393)	-	(2.842	+	0	+	5.351)
=	44.925

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.876	+	45.216	+	10.013)	-	(22.476	+	0	+	5.624)
=	29.005

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	5.411	/	1921.214
	=	0.28 %

HK Asia Holdings EBIT Related Terms

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HK Asia Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HK Asia Holdings Ltd (HKSE:01723) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Wing Wo Street, Sheung Wan, 24th Floor, Chun Wo Commercial Centre, Hong Kong, HKG

Website

http://www.hkasiaholdings.com/hkasia

HK Asia Holdings Ltd is principally engaged in wholesale and retail sales of the Pre-paid Products such as SIM Cards and Top-up Vouchers. The Group currently has one operating segment which is revenue from sale of the Pre-paid Products i.e. SIM Cards and top-up vouchers. Geographically, it operates only in Hong Kong.

Executives

Fang Jason Kin Hoi	2201 Interest of corporation controlled by you
210k Capital, Lp	2101 Beneficial owner
Bailey David Forrest	2201 Interest of corporation controlled by you
Evans Tyler Matthew	2201 Interest of corporation controlled by you
Mateer Samuel Coyn	2201 Interest of corporation controlled by you
Utxo Management Gp, Llc	2201 Interest of corporation controlled by you
Sit Hon	2201 Interest of corporation controlled by you
Sora Investment Management Limited	2102 Investment manager
Sora Valkyrie Limited	2101 Beneficial owner
Sora Ventures	2201 Interest of corporation controlled by you
Allied Top Investments Limited	2101 Beneficial owner
Top Legend Spc Acting For And On Behalf Of One Of Its Segregated Portfolios Aces Sp	2101 Beneficial owner
Tsang Karen Ka Yan	2201 Interest of corporation controlled by you
Chan Hung Kai	2101 Beneficial owner
Siu Muk Lung	2101 Beneficial owner

HK Asia Holdings Headlines

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