Tongda Hong Tai Holdings (HKSE:02363) EBIT : HK$2.94 Mil (TTM As of Jun. 2024)

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What is Tongda Hong Tai Holdings EBIT?

Tongda Hong Tai Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-19.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$2.94 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tongda Hong Tai Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -214.20%. Tongda Hong Tai Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -732.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tongda Hong Tai Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.80%.

Tongda Hong Tai Holdings EBIT Historical Data

The historical data trend for Tongda Hong Tai 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.

Tongda Hong Tai Holdings EBIT Chart

Tongda Hong Tai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-52.68

-154.72

-189.41

-225.57

-25.98

Tongda Hong Tai Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial													-28.50	-197.07	-48.12	22.14	-19.20

Competitive Comparison of Tongda Hong Tai Holdings's EBIT

For the Electronic Components subindustry, Tongda Hong Tai 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.

Tongda Hong Tai Holdings's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongda Hong Tai Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tongda Hong Tai Holdings's EV-to-EBIT falls into.

Tongda Hong Tai 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$2.94 Mil.

Tongda Hong Tai Holdings (HKSE:02363) EBIT Explanation

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

Tongda Hong Tai 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 )
=	-36.294 * ( 1 - 0% )	/	( (11.229	+	22.659)	/ 2 )
=	-36.294	/	16.944
=	-214.20 %

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	))
=	87.698	-	246.13	-	( 6.28	-	max(0, 256.292	-	86.631	+	6.28	))
=	11.229

	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	))
=	145.696	-	233.031	-	( 88.8	-	max(0, 246.277	-	136.283	+	88.8	))
=	22.659

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:

Tongda Hong Tai 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 )
=	-38.4	/	( ( (1.067 + max(-169.094, 0))	+	(9.413 + max(-197.171, 0)) )	/	2 )
=	-38.4	/	( ( 1.067	+	9.413 )	/	2 )
=	-38.4	/	5.24
=	-732.82 %

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)
=	(31.885	+	32.409	+	14.603)	-	(246.13	+	0	+	1.861)
=	-169.094

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.913	+	21.595	+	3.709)	-	(233.031	+	0	+	1.357)
=	-197.171

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:

Tongda Hong Tai Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	2.937	/	-24.896
	=	-11.80 %

Tongda Hong Tai Holdings EBIT Related Terms

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Tongda Hong Tai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongda Hong Tai Holdings Ltd (HKSE:02363) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Room 1203, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.tongdahongtai.com

Tongda Hong Tai Holdings Ltd is an investment holding company. The group is involved in the manufacture and sale of casings of laptop and tablets. Geographically, all the activities are carried out through the region of Mainland China.

Executives

Landmark Worldwide Holdings Limited	2101 Beneficial owner
Dashing Vision Limited	2101 Beneficial owner
Wang Ya Nan	2201 Interest of corporation controlled by you
Wong Ah Yeung	2201 Interest of corporation controlled by you
Wong Ah Yu	2201 Interest of corporation controlled by you
Wang Ya Hua	2201 Interest of corporation controlled by you
E-growth Resources Limited	2101 Beneficial owner

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