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Tat Hong Equipment Service Co (HKSE:02153) EBIT : HK$40.0 Mil (TTM As of Sep. 2023)


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What is Tat Hong Equipment Service Co EBIT?

Tat Hong Equipment Service Co's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$2.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$40.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tat Hong Equipment Service Co's annualized ROC % for the quarter that ended in Sep. 2023 was 0.27%. Tat Hong Equipment Service Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tat Hong Equipment Service Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1.70%.


Tat Hong Equipment Service Co EBIT Historical Data

The historical data trend for Tat Hong Equipment Service Co'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.

Tat Hong Equipment Service Co EBIT Chart

Tat Hong Equipment Service Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial 137.15 153.44 194.10 88.74 8.99

Tat Hong Equipment Service Co Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.27 11.73 -27.76 37.26 2.73

Competitive Comparison of Tat Hong Equipment Service Co's EBIT

For the Farm & Heavy Construction Machinery subindustry, Tat Hong Equipment Service Co'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.


Tat Hong Equipment Service Co's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tat Hong Equipment Service Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tat Hong Equipment Service Co's EV-to-EBIT falls into.



Tat Hong Equipment Service Co 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$40.0 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.


Tat Hong Equipment Service Co  (HKSE:02153) EBIT Explanation

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

Tat Hong Equipment Service Co's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=9.974 * ( 1 - 21.2% )/( (2905.652 + 2813.07)/ 2 )
=7.859512/2859.361
=0.27 %

where

Invested Capital(Q: Mar. 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))
=3591.302 - 483.506 - ( 202.144 - max(0, 989.685 - 1426.531+202.144))
=2905.652

Invested Capital(Q: Sep. 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))
=3437.862 - 440.378 - ( 184.414 - max(0, 976.237 - 1483.501+184.414))
=2813.07

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Tat Hong Equipment Service Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.452/( ( (1995.837 + max(235.891, 0)) + (1819.2 + max(393.939, 0)) )/ 2 )
=5.452/( ( 2231.728 + 2213.139 )/ 2 )
=5.452/2222.4335
=0.25 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(718.787 + 45.086 + 3.8989999999999) - (483.506 + 0 + 48.375)
=235.891

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(830.238 + 44.964 + 0) - (440.378 + 0 + 40.885)
=393.939

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Tat Hong Equipment Service Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=39.986/2346.337
=1.70 %

* 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.


Tat Hong Equipment Service Co EBIT Related Terms

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Tat Hong Equipment Service Co (HKSE:02153) Business Description

Traded in Other Exchanges
N/A
Address
No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106
Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.
Executives
Chwee Cheng & Sons Pte Ltd 2201 Interest of corporation controlled by you
Ng San Tiong 2301 Trustee
Ng San Wee 2301 Trustee
Ng Sun Ho 2301 Trustee
Tat Hong Equipment (china) Pte. Ltd. 2101 Beneficial owner
Tat Hong Holdings Ltd 2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd 2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Ng Sun Giam 2301 Trustee
Ng Sun Giam Roger 2301 Trustee
Zoomlion H.k. Holding Co., Limited 2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited 2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited 2101 Beneficial owner
Lim Hua Min 2201 Interest of corporation controlled by you

Tat Hong Equipment Service Co (HKSE:02153) Headlines

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