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Vedan International (Holdings) (HKSE:02317) EBIT : HK$190 Mil (TTM As of Jun. 2024)


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What is Vedan International (Holdings) EBIT?

Vedan International (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$190 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vedan International (Holdings)'s annualized ROC % for the quarter that ended in Jun. 2024 was 5.22%. Vedan International (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vedan International (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 19.79%.


Vedan International (Holdings) EBIT Historical Data

The historical data trend for Vedan 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.

Vedan International (Holdings) EBIT Chart

Vedan International (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 161.80 174.34 119.72 -25.27 103.30

Vedan 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 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 7.75 -32.96 9.52 93.81 96.56

Competitive Comparison of Vedan International (Holdings)'s EBIT

For the Packaged Foods subindustry, Vedan 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.


Vedan International (Holdings)'s EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vedan International (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vedan International (Holdings)'s EV-to-EBIT falls into.



Vedan 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$190 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.


Vedan International (Holdings)  (HKSE:02317) EBIT Explanation

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

Vedan 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 )
=175.396 * ( 1 - 27.39% )/( (2385.354 + 2493.818)/ 2 )
=127.3550356/2439.586
=5.22 %

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))
=2995.136 - 216.488 - ( 393.294 - max(0, 643.192 - 1816.95+393.294))
=2385.354

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))
=2967.37 - 109.934 - ( 363.618 - max(0, 587.867 - 1867.043+363.618))
=2493.818

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:

Vedan 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 )
=193.11/( ( (1099.245 + max(1023.544, 0)) + (1049.898 + max(1194.726, 0)) )/ 2 )
=193.11/( ( 2122.789 + 2244.624 )/ 2 )
=193.11/2183.7065
=8.84 %

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)
=(263.62 + 1075.253 + 2.2737367544323E-13) - (216.488 + 0 + 98.841)
=1023.544

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272.413 + 1161.831 + 0) - (109.934 + 0 + 129.584)
=1194.726

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=190.366/962.081
=19.79 %

* 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.


Vedan International (Holdings) EBIT Related Terms

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Vedan International (Holdings) Business Description

Traded in Other Exchanges
N/A
Address
National Road 51, Hamlet 1A, Long Thanh District, Phuoc Thai, Dong Nai Province, Ho Chi Minh, VNM
Vedan International (Holdings) Ltd is an investment holding company engaged in the manufacture and sale of fermentation-based food additives, biochemical products, and cassava starch-based industrial products including modified starch, glucose syrup, Monosodium Glutamate (MSG), soda, and glutamic acid (GA). The products are sold to food distributors, international trading companies, and manufacturers of food, paper, textiles, and chemical products in Vietnam, other ASEAN member countries, the People's Republic of China (the PRC), Japan, Taiwan, and several European countries.
Executives
Yang Shih-an 2201 Interest of corporation controlled by you
Yang Shih-hsi 2201 Interest of corporation controlled by you

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