Swang Chai Chuan (HKSE:02321) EBIT : HK$56 Mil (TTM As of Jun. 2024)

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What is Swang Chai Chuan EBIT?

Swang Chai Chuan's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swang Chai Chuan's annualized ROC % for the quarter that ended in Jun. 2024 was 12.36%. Swang Chai Chuan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 18.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swang Chai Chuan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.73%.

Swang Chai Chuan EBIT Historical Data

The historical data trend for Swang Chai Chuan'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.

Swang Chai Chuan EBIT Chart

Swang Chai Chuan Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

46.79

54.85

63.20

72.55

65.42

Swang Chai Chuan Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial				41.67	31.31	42.16	23.64	32.34

Competitive Comparison of Swang Chai Chuan's EBIT

For the Grocery Stores subindustry, Swang Chai Chuan'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.

Swang Chai Chuan's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Swang Chai Chuan's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Swang Chai Chuan's EV-to-EBIT falls into.

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Swang Chai Chuan 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$56 Mil.

Swang Chai Chuan (HKSE:02321) EBIT Explanation

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

Swang Chai Chuan'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 )
=	60.988 * ( 1 - 23.46% )	/	( (379.044	+	375.996)	/ 2 )
=	46.6802152	/	377.52
=	12.36 %

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	))
=	585.254	-	92.978	-	( 113.232	-	max(0, 158.24	-	475.616	+	113.232	))
=	379.044

	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	))
=	611.588	-	120.121	-	( 115.471	-	max(0, 164.182	-	507.392	+	115.471	))
=	375.996

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:

Swang Chai Chuan'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 )
=	64.672	/	( ( (105.303 + max(239.757, 0))	+	(100.005 + max(241.208, 0)) )	/	2 )
=	64.672	/	( ( 345.06	+	341.213 )	/	2 )
=	64.672	/	343.1365
=	18.85 %

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)
=	(194.885	+	147.441	+	7.184)	-	(92.978	+	0	+	16.775)
=	239.757

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(216.224	+	150.734	+	10.129)	-	(120.121	+	0	+	15.758)
=	241.208

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:

Swang Chai Chuan's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	55.977	/	379.896
	=	14.73 %

Swang Chai Chuan EBIT Related Terms

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Swang Chai Chuan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Swang Chai Chuan Ltd (HKSE:02321) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Semambu, Lot 147-A, Kuantan, PHG, MYS, 25350

Website

https://www.sccgroup.com.my

Swang Chai Chuan Ltd is a distributor of Food and Beverages and other products for recognized international and domestic third-party brands and own brands in Malaysia. The company has one reportable segment which is the whole the business of distribution and sales of F&B and provision of logistics services, and warehousing services. It manages its business as a whole as the businesses of distribution and sales of F&B and provision of logistics, warehousing services, and others are carried out in Malaysia.

Executives

Tee Kian Heng	2101 Beneficial owner
Lim Tau Hong	2202 Interest of your spouse
Ng Kar Wei	2202 Interest of your spouse
Ng Mee Lam	2202 Interest of your spouse
Soon Chiew Ang	2201 Interest of corporation controlled by you
Soon Holdings Limited	2101 Beneficial owner
Soon Lee Shiang	2201 Interest of corporation controlled by you
Soon See Beng	2201 Interest of corporation controlled by you
Soon See Long	2201 Interest of corporation controlled by you
Yang Lixia	2202 Interest of your spouse

Swang Chai Chuan Headlines

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