REM Group (Holdings) (HKSE:01750) EBIT : HK$8.3 Mil (TTM As of Dec. 2023)

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What is REM Group (Holdings) EBIT?

REM Group (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$7.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. REM Group (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 was 9.19%. REM Group (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. REM Group (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 99.52%.

REM Group (Holdings) EBIT Historical Data

The historical data trend for REM Group (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.

REM Group (Holdings) EBIT Chart

REM Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

15.66

-34.69

-19.69

8.97

8.34

REM Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											-14.52	-3.71	12.68	0.92	7.42

Competitive Comparison of REM Group (Holdings)'s EBIT

For the Electrical Equipment & Parts subindustry, REM Group (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.

REM Group (Holdings)'s EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, REM Group (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where REM Group (Holdings)'s EV-to-EBIT falls into.

REM Group (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$8.3 Mil.

REM Group (Holdings) (HKSE:01750) EBIT Explanation

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

REM Group (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 )
=	12.926 * ( 1 - 11.41% )	/	( (120.989	+	128.189)	/ 2 )
=	11.4511434	/	124.589
=	9.19 %

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	))
=	207.422	-	29.85	-	( 56.583	-	max(0, 44.993	-	179.435	+	56.583	))
=	120.989

	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	))
=	204.04	-	22.851	-	( 53	-	max(0, 33.505	-	171.999	+	53	))
=	128.189

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:

REM Group (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 )
=	14.834	/	( ( (21.039 + max(67.437, 0))	+	(25.407 + max(62.932, 0)) )	/	2 )
=	14.834	/	( ( 88.476	+	88.339 )	/	2 )
=	14.834	/	88.4075
=	16.78 %

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)
=	(65.774	+	39.121	+	0)	-	(29.85	+	0	+	7.608)
=	67.437

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.361	+	36.19	+	0)	-	(22.851	+	0	+	6.768)
=	62.932

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.336	/	8.376
	=	99.52 %

REM Group (Holdings) EBIT Related Terms

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REM Group (Holdings) (HKSE:01750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » REM Group (Holdings) Ltd (HKSE:01750) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 70 Wing Tai Road, Unit 5, 4th Floor, Chai Wan Industrial City Phase II, Hong Kong, HKG

Website

http://www.rem-group.com.hk

REM Group (Holdings) Ltd is a manufacturer and supplier of low-voltage electrical power distribution and control devices., including low-voltage switchboard, local motor control panel, motor control center, electrical distribution board, control box, and electrical parts and replacements and by location of delivery to customers in Hong Kong and PRC. Geographically, it derives the majority of revenue in PRC.

Executives

Huang Xiao Ying	2202 Interest of your spouse
Unique Best Limited	2101 Beneficial owner
Wan Union Limited	2201 Interest of corporation controlled by you
Wans Limited	2201 Interest of corporation controlled by you
Lam Yin	2202 Interest of your spouse
Leung Ka Wai	2201 Interest of corporation controlled by you
Que Emi	2202 Interest of your spouse
Wan Man Keung	2201 Interest of corporation controlled by you
Wun Chi Wai	2201 Interest of corporation controlled by you
Wan Chak Ming	2101 Beneficial owner
Wan Po Kwan	2101 Beneficial owner

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