Kam Hing International Holdings (HKSE:02307) EBIT : HK$-29 Mil (TTM As of Jun. 2024)

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What is Kam Hing International Holdings EBIT?

Kam Hing International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kam Hing International Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -0.16%. Kam Hing International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kam Hing International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.52%.

Kam Hing International Holdings EBIT Historical Data

The historical data trend for Kam Hing International 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.

Kam Hing International Holdings EBIT Chart

Kam Hing International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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149.74

25.26

89.32

-0.77

-34.12

Kam Hing International 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															57.04	-57.80	29.49	-63.61	34.90

Competitive Comparison of Kam Hing International Holdings's EBIT

For the Textile Manufacturing subindustry, Kam Hing International 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.

Kam Hing International Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kam Hing International Holdings's EV-to-EBIT distribution charts can be found below:

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

Kam Hing International 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$-29 Mil.

Kam Hing International Holdings (HKSE:02307) EBIT Explanation

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

Kam Hing International 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 )
=	-3.966 * ( 1 - 5.57% )	/	( (2335.068	+	2314.632)	/ 2 )
=	-3.7450938	/	2324.85
=	-0.16 %

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	))
=	3780.086	-	680.623	-	( 916.312	-	max(0, 1733.466	-	2497.861	+	916.312	))
=	2335.068

	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	))
=	3333.759	-	599.941	-	( 419.186	-	max(0, 1309.893	-	2116.755	+	419.186	))
=	2314.632

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:

Kam Hing International 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 )
=	69.808	/	( ( (1196.261 + max(460.078, 0))	+	(1131.388 + max(870.47, 0)) )	/	2 )
=	69.808	/	( ( 1656.339	+	2001.858 )	/	2 )
=	69.808	/	1829.0985
=	3.82 %

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)
=	(311.795	+	942.11	+	50.586)	-	(680.623	+	0	+	163.79)
=	460.078

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(506.489	+	1048.88	+	50.612)	-	(599.941	+	0	+	135.57)
=	870.47

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-28.705	/	635.586
	=	-4.52 %

Kam Hing International Holdings EBIT Related Terms

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Kam Hing International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kam Hing International Holdings Ltd (HKSE:02307) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit A, 23rd Floor, TML Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.kamhingintl.com

Kam Hing International Holdings Ltd is a textile manufacturing company. It is engaged in marketing and sales, research and development, production processes including knitting, fabric dyeing, and yarn dyeing, and final processing, such as setting and pre-shrinking. The company's segment based on products and services includes Fabric products, Garment products, and Other segments. Its fabric products segment is involved in the production and sale of knitted fabric and dyed yarn and the provision related to subcontracting services. It generates maximum revenue from the Fabric products segment. Geographically, it derives a majority of its revenue from Korea and has a presence in Mainland China, Vietnam, Hong Kong, Taiwan, Singapore, the United States, and Other Countries.

Kam Hing International Holdings Headlines

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