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MGM China Holdings (HKSE:02282) EBIT : HK$6,165 Mil (TTM As of Jun. 2024)


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What is MGM China Holdings EBIT?

MGM China Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$3,407 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$6,165 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MGM China Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 24.34%. MGM China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 31.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MGM China Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.25%.


MGM China Holdings EBIT Historical Data

The historical data trend for MGM China 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.

MGM China Holdings EBIT Chart

MGM China 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 2,839.98 -4,161.57 -2,557.68 -3,684.22 4,411.42

MGM China 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 -1,722.05 -1,962.17 1,653.93 2,757.49 3,407.32

Competitive Comparison of MGM China Holdings's EBIT

For the Resorts & Casinos subindustry, MGM China 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.


MGM China Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM China Holdings's EV-to-EBIT distribution charts can be found below:

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



MGM China 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$6,165 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.


MGM China Holdings  (HKSE:02282) EBIT Explanation

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

MGM China 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 )
=7101.688 * ( 1 - 1.16% )/( (29919.818 + 27764.029)/ 2 )
=7019.3084192/28841.9235
=24.34 %

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))
=29181.304 - 4448.932 - ( 4231.986 - max(0, 10330.05 - 5142.604+4231.986))
=29919.818

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))
=30034.712 - 4406.794 - ( 5214.454 - max(0, 8346.744 - 6210.633+5214.454))
=27764.029

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:

MGM China 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 )
=6814.648/( ( (21585.738 + max(-3666.306, 0)) + (21220.8 + max(-3606.962, 0)) )/ 2 )
=6814.648/( ( 21585.738 + 21220.8 )/ 2 )
=6814.648/21403.269
=31.84 %

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)
=(594.473 + 188.153 + 0) - (4448.932 + 0 + 0)
=-3666.306

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(595.107 + 204.725 + 0) - (4406.794 + 0 + 1.8189894035459E-12)
=-3606.962

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=6164.818/60171.010
=10.25 %

* 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.


MGM China Holdings EBIT Related Terms

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MGM China Holdings Business Description

Traded in Other Exchanges
Address
Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau resort in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.

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