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XXF Group Holdings (HKSE:02473) EBIT : HK$275 Mil (TTM As of Jun. 2024)


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What is XXF Group Holdings EBIT?

XXF Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$117 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$275 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. XXF Group Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 6.52%. XXF Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 17.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. XXF Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.96%.


XXF Group Holdings EBIT Historical Data

The historical data trend for XXF Group 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.

XXF Group Holdings EBIT Chart

XXF Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
156.47 199.39 263.28 320.46

XXF Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 142.60 127.43 161.91 158.56 116.78

Competitive Comparison of XXF Group Holdings's EBIT

For the Credit Services subindustry, XXF Group 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.


XXF Group Holdings's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, XXF Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where XXF Group Holdings's EV-to-EBIT falls into.



XXF Group 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$275 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.


XXF Group Holdings  (HKSE:02473) EBIT Explanation

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

XXF Group 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 )
=245.756 * ( 1 - 28.03% )/( (2666.707 + 2759.063)/ 2 )
=176.8705932/2712.885
=6.52 %

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))
=3194.803 - 236.023 - ( 292.841 - max(0, 1292.618 - 1584.691+292.841))
=2666.707

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))
=3168.579 - 142.163 - ( 267.353 - max(0, 1180.546 - 1488.085+267.353))
=2759.063

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:

XXF Group 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 )
=233.554/( ( (468.211 + max(974.923, 0)) + (535.749 + max(758.737, 0)) )/ 2 )
=233.554/( ( 1443.134 + 1294.486 )/ 2 )
=233.554/1368.81
=17.06 %

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)
=(10.859 + 185.916 + 1057.156) - (236.023 + 0 + 42.985)
=974.923

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.368 + 144.45 + 745.082) - (142.163 + 0 + 0)
=758.737

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=275.332/9305.021
=2.96 %

* 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.


XXF Group Holdings EBIT Related Terms

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XXF Group Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service through its self-operated sales outlets in the PRC. The Group's principal businesses comprise automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services.
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