YH Entertainment Group (HKSE:02306) EBIT : HK$88.0 Mil (TTM As of Jun. 2024)

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What is YH Entertainment Group EBIT?

YH Entertainment Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$53.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$88.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. YH Entertainment Group's annualized ROC % for the quarter that ended in Jun. 2024 was 4.36%. YH Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 25.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. YH Entertainment Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -19.57%.

YH Entertainment Group EBIT Historical Data

The historical data trend for YH Entertainment Group'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.

YH Entertainment Group EBIT Chart

YH Entertainment Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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472.87

616.87

2,007.56

-110.55

87.55

YH Entertainment Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	Get a 7-Day Free Trial				1,861.83	-173.44	62.89	53.19	34.80

Competitive Comparison of YH Entertainment Group's EBIT

For the Entertainment subindustry, YH Entertainment Group'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.

YH Entertainment Group's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where YH Entertainment Group's EV-to-EBIT falls into.

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YH Entertainment Group 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$88.0 Mil.

YH Entertainment Group (HKSE:02306) EBIT Explanation

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

YH Entertainment Group'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 )
=	73.838 * ( 1 - 33.31% )	/	( (1095.24	+	1163.3)	/ 2 )
=	49.2425622	/	1129.27
=	4.36 %

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	))
=	2236.697	-	240.065	-	( 1221.289	-	max(0, 462.468	-	1363.86	+	1221.289	))
=	1095.24

	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	))
=	2237.765	-	215.335	-	( 1144.808	-	max(0, 437.943	-	1297.073	+	1144.808	))
=	1163.3

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:

YH Entertainment Group'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 )
=	106.376	/	( ( (128.064 + max(-331.232, 0))	+	(695.95 + max(-301.975, 0)) )	/	2 )
=	106.376	/	( ( 128.064	+	695.95 )	/	2 )
=	106.376	/	412.007
=	25.82 %

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)
=	(104.66	+	5.497	+	13.454)	-	(240.065	+	0	+	214.778)
=	-331.232

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.102	+	8.587	+	13.241)	-	(215.335	+	0	+	187.57)
=	-301.975

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:

YH Entertainment Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	87.991	/	-449.662
	=	-19.57 %

YH Entertainment Group EBIT Related Terms

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YH Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform whose business covers the whole lifecycle of artist management, including artist training, artist operation, and artist promotion. The Company's business model consists of the following three business lines which are artist management, music IP production and operation, and pan-entertainment business, also it generated the revenue from three business lines.

Executives

Du Hua
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Li Ruigang

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