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Carote (HKSE:02549) EBIT : HK$446 Mil (TTM As of Dec. 2024)


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What is Carote EBIT?

Carote's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was HK$446 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$446 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carote's annualized ROC % for the quarter that ended in Dec. 2024 was 168.10%. Carote's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 896.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carote's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 27.32%.


Carote EBIT Historical Data

The historical data trend for Carote'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.

Carote EBIT Chart

Carote Annual Data
Trend Dec21 Dec22 Dec23 Dec24
EBIT
46.26 143.56 304.74 445.77

Carote Semi-Annual Data
Dec21 Dec22 Dec23 Dec24
EBIT - - - 445.77

Competitive Comparison of Carote's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Carote'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.


Carote's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's EV-to-EBIT distribution charts can be found below:

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


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Carote 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$446 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.


Carote  (HKSE:02549) EBIT Explanation

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

Carote's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=414.56 * ( 1 - 14.69% )/( (126.971 + 293.795)/ 2 )
=353.661136/210.383
=168.10 %

where

Invested Capital(Q: Dec. 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))
=1838.265 - 489.6 - ( 1259.41 - max(0, 497.608 - 1552.478+1259.41))
=293.795

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

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

Carote's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=445.771/( ( (19.535 + max(-119.024, 0)) + (79.932 + max(-230.619, 0)) )/ 2 )
=445.771/( ( 19.535 + 79.932 )/ 2 )
=445.771/49.7335
=896.32 %

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)
=(80.78 + 118.437 + 122.948) - (437.393 + 0 + 3.796)
=-119.024

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.579 + 165.328 + 5.675) - (489.6 + 0 + 3.601)
=-230.619

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

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

Carote's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=445.771/1631.609
=27.32 %

* 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.


Carote EBIT Related Terms

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Carote Business Description

Traded in Other Exchanges
N/A
Address
Shanshui Shidai Building, 21st Floor, Tower 2, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Carote Ltd is a brand for kitchenware products. Its products are built to emphasize Better for Use and Better for Value, aiming to provide its customers with practical, well-designed, and reasonably priced items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, its offerings aim to meet the varied needs of different kitchen scenarios and enhance the culinary experience of its customers.
Executives
Guodong Capital Ltd 2201 Interest of corporation controlled by you
Zhang Guodong 2201 Interest of corporation controlled by you
Lyu Yili 2201 Interest of corporation controlled by you
Yili Capital Ltd 2201 Interest of corporation controlled by you
Yili Investment Holdings Ltd 2101 Beneficial owner

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