GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ta Yang Group Holdings Ltd (HKSE:01991) » Definitions » EBIT

Ta Yang Group Holdings (HKSE:01991) EBIT : HK$-97 Mil (TTM As of Jun. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Ta Yang Group Holdings EBIT?

Ta Yang Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ta Yang Group Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -14.99%. Ta Yang Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -20.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ta Yang Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -29.21%.


Ta Yang Group Holdings EBIT Historical Data

The historical data trend for Ta Yang 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.

Ta Yang Group Holdings EBIT Chart

Ta Yang Group Holdings Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -73.85 -69.98 -68.82 -54.05

Ta Yang Group Holdings Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 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 Premium Member Only Premium Member Only Premium Member Only -30.06 -38.76 24.10 -78.15 -18.41

Competitive Comparison of Ta Yang Group Holdings's EBIT

For the Advertising Agencies subindustry, Ta Yang 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.


Ta Yang Group Holdings's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ta Yang Group Holdings's EV-to-EBIT distribution charts can be found below:

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


;
;

Ta Yang 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-97 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.


Ta Yang Group Holdings  (HKSE:01991) EBIT Explanation

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

Ta Yang Group 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 )
=-78.15 * ( 1 - -2.47% )/( (471.791 + 596.944)/ 2 )
=-80.080305/534.3675
=-14.99 %

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))
=699.186 - 360.991 - ( 28.024 - max(0, 526.633 - 393.037+28.024))
=471.791

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))
=716.688 - 262.905 - ( 18.939 - max(0, 577.015 - 433.854+18.939))
=596.944

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:

Ta Yang Group 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 )
=-36.818/( ( (190.176 + max(-45.946, 0)) + (166.191 + max(-309.956, 0)) )/ 2 )
=-36.818/( ( 190.176 + 166.191 )/ 2 )
=-36.818/178.1835
=-20.66 %

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)
=(276.971 + 38.074 + -5.6843418860808E-14) - (360.991 + 0 + 0)
=-45.946

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.382 + 38.504 + -15.927) - (262.905 + 0 + 135.01)
=-309.956

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-96.558/330.620
=-29.21 %

* 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.


Ta Yang Group Holdings EBIT Related Terms

Thank you for viewing the detailed overview of Ta Yang Group Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Ta Yang Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
45 Pottinger Street, 22nd Floor, H Code, Central, Hong Kong, HKG
Ta Yang Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it operates in different reportable segments which include Silicone rubber and related products; Retail services; Healthcare and hotel services; and Online marketing solution services. The company derives maximum revenue from the Online marketing solution services segment which provides online marketing solution services in the PRC. Geographically the company's business is spread across the People's Republic of China, Hong Kong, Other Asian countries, America, Europe, and other regions of which, maximum revenue is derived from the PRC.
Executives
Bei Jing Ri Xin Jia Rui Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner
China Xinhai Group Limited 2101 Beneficial owner
Bei Jing Xing Xiang Ke Ji You Xian Gong Si 2101 Beneficial owner
Mason Group Holdings Limited 2201 Interest of corporation controlled by you
Mason Resources Finance Limited 2106 Person having a security interest in shares
Lyton Maison Limited 2101 Beneficial owner
Shi Qi 2201 Interest of corporation controlled by you

Ta Yang Group Holdings Headlines

No Headlines