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Parkson Retail Group (HKSE:03368) EBIT : HK$325 Mil (TTM As of Sep. 2024)


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What is Parkson Retail Group EBIT?

Parkson Retail Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was HK$110 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$325 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parkson Retail Group's annualized ROC % for the quarter that ended in Sep. 2024 was 9.35%. Parkson Retail Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Parkson Retail Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.00%.


Parkson Retail Group EBIT Historical Data

The historical data trend for Parkson Retail 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.

Parkson Retail Group EBIT Chart

Parkson Retail 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 536.06 492.75 51.20 639.60 318.13

Parkson Retail Group Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 144.65 175.71 68.58 109.82 -29.07

Competitive Comparison of Parkson Retail Group's EBIT

For the Department Stores subindustry, Parkson Retail 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.


Parkson Retail Group's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Parkson Retail Group's EV-to-EBIT distribution charts can be found below:

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


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Parkson Retail 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$325 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.


Parkson Retail Group  (HKSE:03368) EBIT Explanation

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

Parkson Retail Group'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: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=394.776 * ( 1 - -146.06% )/( (10308.179 + 10460.568)/ 2 )
=971.3858256/10384.3735
=9.35 %

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))
=11823.868 - 1184.433 - ( 1631.472 - max(0, 2662.098 - 2993.354+1631.472))
=10308.179

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))
=11979.691 - 1200.336 - ( 1599.055 - max(0, 2656.656 - 2975.443+1599.055))
=10460.568

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Parkson Retail Group'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: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=439.276/( ( (5384.343 + max(-925.27, 0)) + (5343.868 + max(-987.41, 0)) )/ 2 )
=439.276/( ( 5384.343 + 5343.868 )/ 2 )
=439.276/5364.1055
=8.19 %

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)
=(338.918 + 412.08 + 142.696) - (1184.433 + 0 + 634.531)
=-925.27

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(396.509 + 410.867 + 79.351) - (1200.336 + 0 + 673.801)
=-987.41

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=325.038/5417.091
=6.00 %

* 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.


Parkson Retail Group EBIT Related Terms

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Parkson Retail Group Business Description

Traded in Other Exchanges
Address
No. 555, Loushanguan Road, 5th Floor, Metro Plaza, Changning District, Shanghai, CHN, 200051
Parkson Retail Group Ltd is engaged in departmental store operations. It manages a diversified collection of retail formats - including department stores, shopping malls, city outlets, supermarkets, and food & beverage outlets. The Group has one major operating segment: Retail. It operates mainly in the PRC.
Executives
Chan Chau Ha @ Chan Chow Har 2202 Interest of your spouse
Cheng Heng Jem 2201 Interest of corporation controlled by you
Parkson Holdings Berhad 2201 Interest of corporation controlled by you
Prg Corporation Limited 2101 Beneficial owner
Argyle Street Management Holdings Limited 2201 Interest of corporation controlled by you
Argyle Street Management Limited 2102 Investment manager
Chan Kin 2201 Interest of corporation controlled by you
Asm Connaught House Fund Ii Lp 2201 Interest of corporation controlled by you
Asm Connaught House General Partner Ii Limited 2201 Interest of corporation controlled by you
Bishan Street Limited 2106 Person having a security interest in shares
Wang Hsu Vivine H 2305 Beneficiary of a trust
Wang Hung Roger 2301 Trustee
Geico Holdings Limited 2201 Interest of corporation controlled by you
Golden Eagle International Retail Group Limited 2101 Beneficial owner
Wang Dorothy S L 2305 Beneficiary of a trust

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