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Modern Innovative Digital Technology Company (HKSE:02322) EBIT : HK$-124.32 Mil (TTM As of Sep. 2024)


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What is Modern Innovative Digital Technology Company EBIT?

Modern Innovative Digital Technology Company's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$-29.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-124.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Modern Innovative Digital Technology Company's annualized ROC % for the quarter that ended in Sep. 2024 was -10.28%. Modern Innovative Digital Technology Company's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -22.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Modern Innovative Digital Technology Company's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -5.87%.

Modern Innovative Digital Technology Company EBIT Historical Data

The historical data trend for Modern Innovative Digital Technology Company'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.

Modern Innovative Digital Technology Company EBIT Chart

Modern Innovative Digital Technology Company Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.48 -21.27 -24.37 -42.70 -90.97

Modern Innovative Digital Technology Company Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -15.73 -26.97 3.44 -94.41 -29.90

Competitive Comparison of Modern Innovative Digital Technology Company's EBIT

For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.

Modern Innovative Digital Technology Company's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Modern Innovative Digital Technology Company's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Modern Innovative Digital Technology Company's EV-to-EBIT falls into.


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Modern Innovative Digital Technology Company 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-124.32 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.

Modern Innovative Digital Technology Company  (HKSE:02322) EBIT Explanation

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

Modern Innovative Digital Technology Company's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-62.324 * ( 1 - -1.9% )/( (602.233 + 632.849)/ 2 )
=-63.508156/617.541
=-10.28 %

where

Invested Capital(Q: Mar. 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))
=767.563 - 23.328 - ( 142.002 - max(0, 42.524 - 563.378+142.002))
=602.233

Invested Capital(Q: Sep. 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))
=771.663 - 27.623 - ( 111.191 - max(0, 56.921 - 598.508+111.191))
=632.849

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Modern Innovative Digital Technology Company's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-59.808/( ( (39.845 + max(236.827, 0)) + (7.919 + max(237.922, 0)) )/ 2 )
=-59.808/( ( 276.672 + 245.841 )/ 2 )
=-59.808/261.2565
=-22.89 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(230.675 + 0 + 37.971) - (23.328 + 0 + 8.491)
=236.827

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(247.156 + 0 + 42.267) - (27.623 + 0 + 23.878)
=237.922

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Modern Innovative Digital Technology Company's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-124.318/2119.353
=-5.87 %

* 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.

Modern Innovative Digital Technology Company EBIT Related Terms

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Modern Innovative Digital Technology Company Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Modern Innovative Digital Technology Company Ltd (HKSE:02322) » Definitions » EBIT
Comparable Companies
HKSE:00882 HKSE:00798 HKSE:00025 HKSE:02327 HKSE:02098 HKSE:00191 HKSE:08162 HKSE:00202 HKSE:00132 HKSE:03389 ADX:IHC HON TSE:6501 MMM TSE:8058 TSE:8001 TSE:8031 HKSE:00267 ADX:ALPHADHABI TSE:8053
Traded in Other Exchanges
N/A
Address
26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG
Website
http://www.midt.hk
Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.
Executives
Lau Hoi Kit 2101 Beneficial owner
Superb Smart Limited 2101 Beneficial owner
Zheng Juhua 2201 Interest of corporation controlled by you

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