Smart-Core Holdings (HKSE:02166) EBIT : HK$142 Mil (TTM As of Jun. 2024)

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What is Smart-Core Holdings EBIT?

Smart-Core Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$142 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smart-Core Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 4.94%. Smart-Core Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smart-Core Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 15.59%.

Smart-Core Holdings EBIT Historical Data

The historical data trend for Smart-Core 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.

Smart-Core Holdings EBIT Chart

Smart-Core Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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120.12

525.39

537.48

166.27

141.51

Smart-Core Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial															139.64	59.93	106.34	60.96	80.55

Competitive Comparison of Smart-Core Holdings's EBIT

For the Electronics & Computer Distribution subindustry, Smart-Core 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.

Smart-Core Holdings's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Smart-Core Holdings's EV-to-EBIT distribution charts can be found below:

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

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Smart-Core 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$142 Mil.

Smart-Core Holdings (HKSE:02166) EBIT Explanation

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

Smart-Core 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 )
=	79.36 * ( 1 - 18.38% )	/	( (1302.131	+	1322.665)	/ 2 )
=	64.773632	/	1312.398
=	4.94 %

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	))
=	1740.297	-	270.361	-	( 167.805	-	max(0, 830.417	-	1400.325	+	167.805	))
=	1302.131

	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	))
=	1921.712	-	406.063	-	( 192.984	-	max(0, 1001.628	-	1576.976	+	192.984	))
=	1322.665

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:

Smart-Core 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 )
=	121.918	/	( ( (15.432 + max(828.955, 0))	+	(18.463 + max(862.109, 0)) )	/	2 )
=	121.918	/	( ( 844.387	+	880.572 )	/	2 )
=	121.918	/	862.4795
=	14.14 %

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)
=	(645.775	+	220.564	+	314.036)	-	(270.361	+	0	+	81.059)
=	828.955

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(846.547	+	179.893	+	316.243)	-	(406.063	+	0	+	74.511)
=	862.109

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	141.509	/	907.427
	=	15.59 %

Smart-Core Holdings EBIT Related Terms

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Smart-Core Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart-Core Holdings Ltd (HKSE:02166) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.smart-core.com.hk

Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions (TV), optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Independent distribution. It makes the majority of the revenue from the Authorised distribution segment.

Executives

Futu Trustee Limited	2301 Trustee
Insight Limited	2101 Beneficial owner
Liu Hongbing	2101 Beneficial owner
Wong Tsz Leung	2201 Interest of corporation controlled by you
Smart Ic Limited
Tian Weidong

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