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Texhong International Group (HKSE:02678) EBIT : HK$1,307 Mil (TTM As of Dec. 2024)


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What is Texhong International Group EBIT?

Texhong International Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was HK$654 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$1,307 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Texhong International Group's annualized ROC % for the quarter that ended in Dec. 2024 was 4.90%. Texhong International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 8.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Texhong International Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 13.28%.


Texhong International Group EBIT Historical Data

The historical data trend for Texhong International Group'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.

Texhong International Group EBIT Chart

Texhong International Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,246.84 4,343.26 610.42 453.08 1,301.68

Texhong International Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -842.37 -559.03 1,012.11 653.42 653.64

Competitive Comparison of Texhong International Group's EBIT

For the Textile Manufacturing subindustry, Texhong International Group'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.


Texhong International Group's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Texhong International Group's EV-to-EBIT distribution charts can be found below:

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


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Texhong International Group 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,307 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.


Texhong International Group  (HKSE:02678) EBIT Explanation

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

Texhong International Group'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: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1211.934 * ( 1 - 25.13% )/( (18726.491 + 18318.098)/ 2 )
=907.3749858/18522.2945
=4.90 %

where

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))
=23223.347 - 1320.531 - ( 3194.271 - max(0, 8447.408 - 11623.733+3194.271))
=18726.491

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))
=22402.668 - 976.807 - ( 3476.248 - max(0, 7858.022 - 10965.785+3476.248))
=18318.098

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

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

Texhong International Group'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: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1307.286/( ( (9186.797 + max(5272.622, 0)) + (10232.864 + max(4396.301, 0)) )/ 2 )
=1307.286/( ( 14459.419 + 14629.165 )/ 2 )
=1307.286/14544.292
=8.99 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1409.11 + 5731.429 + 136.679) - (1320.531 + 0 + 684.065)
=5272.622

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1269.415 + 5129.755 + 132.99) - (976.807 + 0 + 1159.052)
=4396.301

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=1307.066/9845.640
=13.28 %

* 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.


Texhong International Group EBIT Related Terms

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Texhong International Group Business Description

Traded in Other Exchanges
Address
9 Hoi Shing Road, Room 03, 37th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG
Texhong International Group Ltd produces and distributes yarns, grey fabrics, non-woven fabrics and garment fabrics as well as garments. The company generates majority of its revenue from yarn products, with the rest from fabrics and garments. The company operates mainly operates its business in China, Southeast Asia and the Americas.
Executives
Hong Tianzhu
Zhu Yongxiang
Event Star Limited 2101 Beneficial owner
Hui Ching Lau 2201 Interest of corporation controlled by you
Wisdom Grace Investments Limited
Zhao Zhiyang 2202 Interest of your spouse
Trade Partner Investments Limited
New Green Group Limited
Texhong Group Holdings Limited
Ke Luping

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