Fulu Holdings (HKSE:02101) EBIT : HK$108.2 Mil (TTM As of Dec. 2023)

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What is Fulu Holdings EBIT?

Fulu Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$56.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$108.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fulu Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 9.94%. Fulu Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fulu Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.10%.

Fulu Holdings EBIT Historical Data

The historical data trend for Fulu 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.

Fulu Holdings EBIT Chart

Fulu Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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103.81

151.64

92.88

98.04

108.20

Fulu Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							-0.32	42.61	57.44	52.02	56.18

Competitive Comparison of Fulu Holdings's EBIT

For the Internet Retail subindustry, Fulu 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.

Fulu Holdings's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's EV-to-EBIT distribution charts can be found below:

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

Fulu 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$108.2 Mil.

Fulu Holdings (HKSE:02101) EBIT Explanation

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

Fulu 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 )
=	158.786 * ( 1 - 15.55% )	/	( (1238.571	+	1458.573)	/ 2 )
=	134.094777	/	1348.572
=	9.94 %

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	))
=	1880.767	-	374.338	-	( 267.858	-	max(0, 546.544	-	1790.205	+	267.858	))
=	1238.571

	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	))
=	1927.931	-	294.464	-	( 174.894	-	max(0, 547.222	-	1832.782	+	174.894	))
=	1458.573

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:

Fulu 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 )
=	112.362	/	( ( (23.996 + max(933.992, 0))	+	(19.315 + max(1204.32, 0)) )	/	2 )
=	112.362	/	( ( 957.988	+	1223.635 )	/	2 )
=	112.362	/	1090.8115
=	10.30 %

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)
=	(522.446	+	0	+	785.884)	-	(374.338	+	0	+	0)
=	933.992

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(595.178	+	0	+	996.14)	-	(294.464	+	0	+	92.534)
=	1204.32

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	108.197	/	767.146
	=	14.10 %

Fulu Holdings EBIT Related Terms

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Fulu Holdings (HKSE:02101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fulu Holdings Ltd (HKSE:02101) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, Guanggu Avenue, 2nd Floor, Building B2, Optics Valley Financial Port, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN

Website

https://www.fulu.com

Fulu Holdings Ltd is a third-party virtual goods and services platform operator in China. Its platform connects virtual goods vendors and virtual goods sales channels. It serves virtual goods vendors, covering leisure and entertainment, games, telecommunications, and lifestyle services, providing virtual goods vendors with access to a variety of sales channels, such as e-commerce and online payment platforms. It generates revenues from providing business-to-business services to virtual goods vendors and sales channels, including facilitating virtual goods transactions between virtual goods vendors and virtual goods sales channels and providing value-added services. It generates revenue from four business segments: leisure and entertainment; games; telecommunications; and lifestyle.

Executives

Xu Jian	2201 Interest of corporation controlled by you
Luzhi Holdings Limited	2101 Beneficial owner
Fu Xi	2307 Founder of a discretionary trust who can infl
Zhang Yuguo	2101 Beneficial owner
Fuxi Limited	2201 Interest of corporation controlled by you
Zhangyuguo Holdings Limited	2101 Beneficial owner

Fulu Holdings (HKSE:02101) Headlines

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