K2 F&B Holdings (HKSE:02108) EBIT : HK$68.1 Mil (TTM As of Jun. 2024)

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What is K2 F&B Holdings EBIT?

K2 F&B Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$10.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$68.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. K2 F&B Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -1.70%. K2 F&B Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. K2 F&B Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.28%.

K2 F&B Holdings EBIT Historical Data

The historical data trend for K2 F&B 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.

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K2 F&B Holdings EBIT Chart

K2 F&B Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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39.35

24.29

37.38

45.02

62.78

K2 F&B Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial											12.63	32.18	5.32	57.43	10.63

Competitive Comparison of K2 F&B Holdings's EBIT

For the Restaurants subindustry, K2 F&B 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.

K2 F&B Holdings's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, K2 F&B Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where K2 F&B Holdings's EV-to-EBIT falls into.

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K2 F&B 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$68.1 Mil.

K2 F&B Holdings (HKSE:02108) EBIT Explanation

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

K2 F&B 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 )
=	19.702 * ( 1 - 204.02% )	/	( (1195.144	+	1221.727)	/ 2 )
=	-20.4940204	/	1208.4355
=	-1.70 %

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	))
=	1161.585	-	22.783	-	( 43.584	-	max(0, 119.472	-	63.13	+	43.584	))
=	1195.144

	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	))
=	1160.707	-	19.038	-	( 37.724	-	max(0, 139.016	-	58.958	+	37.724	))
=	1221.727

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:

K2 F&B 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 )
=	21.262	/	( ( (308.564 + max(-39.985, 0))	+	(323.569 + max(-40.207, 0)) )	/	2 )
=	21.262	/	( ( 308.564	+	323.569 )	/	2 )
=	21.262	/	316.0665
=	6.73 %

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)
=	(1.706	+	1.284	+	15.178)	-	(22.783	+	0	+	35.37)
=	-39.985

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.855	+	1.034	+	17.768)	-	(19.038	+	0	+	41.826)
=	-40.207

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:

K2 F&B Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	68.057	/	733.271
	=	9.28 %

K2 F&B Holdings EBIT Related Terms

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K2 F&B Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » K2 F&B Holdings Ltd (HKSE:02108) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Ubi Avenue 1, No. 02-17/18 Paya Ubi, Industrial Park, Singapore, SGP, 408933

Website

https://www.fuchangroup.com

K2 F&B Holdings Ltd is an investment holding company. The company is engaged in leasing, outlet, and stall management. The two operating business segments are Rental and Outlet management, and Food and beverage stalls. The Outlet management operations oversee the leasing of food establishment premises to tenants and provide management, cleaning, and utility services. The Food and beverage stalls retail beverages, tobacco products, and cooked food directly to consumers, offering items such as mixed vegetable rice, zi char, roasted meat, and chicken rice. The majority of its revenue is derived from the Food and beverage stalls.

Executives

Lee Kek Choo	2202 Interest of your spouse
Toh Soon Huat	2101 Beneficial owner
Chu Chee Keong	2201 Interest of corporation controlled by you
Leow Poh Hoon	2202 Interest of your spouse
Strong Oriental Limited	2101 Beneficial owner

K2 F&B Holdings Headlines

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