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Pacific Millennium Packaging Group (HKSE:01820) EBIT : HK$47 Mil (TTM As of Jun. 2024)


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What is Pacific Millennium Packaging Group EBIT?

Pacific Millennium Packaging Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pacific Millennium Packaging Group's annualized ROC % for the quarter that ended in Jun. 2024 was 0.07%. Pacific Millennium Packaging Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.07%.


Pacific Millennium Packaging Group EBIT Historical Data

The historical data trend for Pacific Millennium Packaging Group'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.

Pacific Millennium Packaging Group EBIT Chart

Pacific Millennium Packaging Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 157.59 167.93 110.03 76.71 73.35

Pacific Millennium Packaging Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 32.94 45.33 27.14 46.21 0.44

Competitive Comparison of Pacific Millennium Packaging Group's EBIT

For the Packaging & Containers subindustry, Pacific Millennium Packaging Group'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.


Pacific Millennium Packaging Group's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pacific Millennium Packaging Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pacific Millennium Packaging Group's EV-to-EBIT falls into.



Pacific Millennium Packaging Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$47 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.


Pacific Millennium Packaging Group  (HKSE:01820) EBIT Explanation

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

Pacific Millennium Packaging Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=1.16 * ( 1 - 11.55% )/( (1400.574 + 1411.303)/ 2 )
=1.02602/1405.9385
=0.07 %

where

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))
=1817.671 - 286.719 - ( 158.928 - max(0, 826.367 - 956.745+158.928))
=1400.574

Invested Capital(Q: Jun. 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))
=1759.71 - 294.921 - ( 53.486 - max(0, 763.515 - 846.592+53.486))
=1411.303

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

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

Pacific Millennium Packaging Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.888/( ( (840.647 + max(422.596, 0)) + (886.84 + max(399.711, 0)) )/ 2 )
=0.888/( ( 1263.243 + 1286.551 )/ 2 )
=0.888/1274.897
=0.07 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(585.637 + 142.6 + 54.358) - (286.719 + 0 + 73.28)
=422.596

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(559.075 + 140.658 + 62.984) - (294.921 + 0 + 68.085)
=399.711

When net working capital is negative, 0 is used.

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

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

Pacific Millennium Packaging Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=46.655/2253.685
=2.07 %

* 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.


Pacific Millennium Packaging Group EBIT Related Terms

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Pacific Millennium Packaging Group Business Description

Traded in Other Exchanges
N/A
Address
No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233
Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others including home furniture, computer, and electronic devices such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.
Executives
Ample Bright Management Limited 2201 Interest of corporation controlled by you
Elite Age International Limited 2201 Interest of corporation controlled by you
Fortune China Resources Limited 2301 Trustee
Golden Ford Investments Limited 2201 Interest of corporation controlled by you
Star Concord Worldwide Limited 2301 Trustee
Pacific Millennium Holdings Corporation 2101 Beneficial owner
Tan Richard Lipin 2501 Other
Tsai Wen Hao 2501 Other
Cheng Hsien Chun 2101 Beneficial owner
Lead Forward Limited 2101 Beneficial owner

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