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Hingtex Holdings (HKSE:01968) EBIT : HK$-35.5 Mil (TTM As of Jun. 2024)


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What is Hingtex Holdings EBIT?

Hingtex Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-16.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-35.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hingtex Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -13.60%. Hingtex Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -17.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hingtex Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -107.75%.


Hingtex Holdings EBIT Historical Data

The historical data trend for Hingtex 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.

Hingtex Holdings EBIT Chart

Hingtex Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 12.22 -40.38 -10.63 -53.69 -41.28

Hingtex Holdings 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 -27.57 -26.12 -21.80 -19.48 -16.07

Competitive Comparison of Hingtex Holdings's EBIT

For the Textile Manufacturing subindustry, Hingtex 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.


Hingtex Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hingtex Holdings's EV-to-EBIT distribution charts can be found below:

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


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Hingtex 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-35.5 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.


Hingtex Holdings  (HKSE:01968) EBIT Explanation

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

Hingtex Holdings'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 )
=-33.766 * ( 1 - -0.27% )/( (257.182 + 240.747)/ 2 )
=-33.8571682/248.9645
=-13.60 %

where

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:

Hingtex Holdings'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 )
=-32.14/( ( (112.789 + max(93.403, 0)) + (104.781 + max(57.939, 0)) )/ 2 )
=-32.14/( ( 206.192 + 162.72 )/ 2 )
=-32.14/184.456
=-17.42 %

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)
=(13.52 + 85.296 + 20.739) - (25.261 + 0 + 0.89100000000001)
=93.403

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.274 + 78.085 + 19.256) - (42.563 + 0 + 2.113)
=57.939

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-35.549/32.991
=-107.75 %

* 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.


Hingtex Holdings EBIT Related Terms

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Hingtex Holdings Business Description

Traded in Other Exchanges
N/A
Address
Gaoping Industrial Area, Guangdong Province, Zhongshan, CHN
Hingtex Holdings Ltd manufactures and sells denim fabric. It sells denim fabrics and yarns directly to customers, which mainly include garment manufacturers. The company's denim fabrics are categorized into three types, namely non-stretchable denim fabrics, stretchable cotton denim fabrics, and stretchable blended denim fabrics. Geographically, it has a world-wide business presence and derives key revenue from the PRC and Hong Kong.
Executives
Manford Investment Holdings Limited 2101 Beneficial owner
Fung Cheong Chi 2202 Interest of your spouse
Lau Chung Chau 2201 Interest of corporation controlled by you
Li Chi Hiu Lawrence 2202 Interest of your spouse
Li Ka Mei 2202 Interest of your spouse
Tung Cheuk Ming Stanley 2201 Interest of corporation controlled by you
Tung Tsun Hong 2201 Interest of corporation controlled by you
Tung Wai Lai Mabel 2201 Interest of corporation controlled by you
Tung Wai Ting Stephen 2201 Interest of corporation controlled by you
Tung Wei Ling Barbara 2201 Interest of corporation controlled by you

Hingtex Holdings Headlines

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