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SMIT Holdings (HKSE:02239) EBIT : HK$-226.9 Mil (TTM As of Jun. 2024)


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What is SMIT Holdings EBIT?

SMIT Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-118.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-226.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SMIT Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -2.65%. SMIT Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -218.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SMIT Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -118.55%.


SMIT Holdings EBIT Historical Data

The historical data trend for SMIT 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.

SMIT Holdings EBIT Chart

SMIT Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.09 -36.76 75.18 533.52 -122.40

SMIT Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 -38.45 571.66 -13.56 -108.88 -118.03

Competitive Comparison of SMIT Holdings's EBIT

For the Security & Protection Services subindustry, SMIT 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.


SMIT Holdings's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SMIT Holdings's EV-to-EBIT distribution charts can be found below:

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


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SMIT 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$-226.9 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.


SMIT Holdings  (HKSE:02239) EBIT Explanation

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

SMIT 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 )
=-34.848 * ( 1 - 0% )/( (1397.727 + 1235.807)/ 2 )
=-34.848/1316.767
=-2.65 %

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))
=1530.244 - 5.998 - ( 126.519 - max(0, 57.675 - 264.768+126.519))
=1397.727

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))
=1372.568 - 5.248 - ( 131.513 - max(0, 38.308 - 226.615+131.513))
=1235.807

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:

SMIT 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 )
=-236.066/( ( (31.934 + max(85.244, 0)) + (35.637 + max(63.472, 0)) )/ 2 )
=-236.066/( ( 117.178 + 99.109 )/ 2 )
=-236.066/108.1435
=-218.29 %

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)
=(70.811 + 33.324 + 34.114) - (5.998 + 0 + 47.007)
=85.244

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.806 + 27.296 + 0) - (5.248 + 0 + 26.382)
=63.472

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-226.917/191.406
=-118.55 %

* 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.


SMIT Holdings EBIT Related Terms

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SMIT Holdings Business Description

Traded in Other Exchanges
N/A
Address
16 Science Park East Avenue, 1st Floor, Harbour View 2, Hong Kong Science Park Shatin, New Territories, Hong Kong, HKG
SMIT Holdings Ltd is an investment holding company. The Company operates as one security device provider for pay television (TV) broadcasting access worldwide and for mobile point-of-sale (mPOS), or mPOS payment systems in China. The Company's mPOS products are designed to be used primarily by business enterprises for secure and convenient payment transactions. It sells its mPOS devices in China to hardware-based mobile payment service providers, which utilize its mPOS devices in conjunction with their own mobile applications to enable end users to make mobile payment transactions. The Company's conditional access modules, or conditional access module (CAM) products are used to provide end users with access to pay TV content.
Executives
Zhang Shiyun 2202 Interest of your spouse
Ever Expert Holdings Limited 2101 Beneficial owner
Huang Xueliang 2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Guo Wei Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you

SMIT Holdings Headlines

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