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DaChan Food (Asia) (HKSE:03999) EBIT : HK$131 Mil (TTM As of Sep. 2024)


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What is DaChan Food (Asia) EBIT?

DaChan Food (Asia)'s earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was HK$18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$131 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DaChan Food (Asia)'s annualized ROC % for the quarter that ended in Sep. 2024 was 2.76%. DaChan Food (Asia)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DaChan Food (Asia)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.36%.


DaChan Food (Asia) EBIT Historical Data

The historical data trend for DaChan Food (Asia)'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.

DaChan Food (Asia) EBIT Chart

DaChan Food (Asia) 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 240.49 180.10 165.89 113.52 129.88

DaChan Food (Asia) Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 -10.22 50.58 24.87 17.88 38.17

Competitive Comparison of DaChan Food (Asia)'s EBIT

For the Packaged Foods subindustry, DaChan Food (Asia)'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.


DaChan Food (Asia)'s EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DaChan Food (Asia)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DaChan Food (Asia)'s EV-to-EBIT falls into.


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DaChan Food (Asia) 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$131 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.


DaChan Food (Asia)  (HKSE:03999) EBIT Explanation

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

DaChan Food (Asia)'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 )
=113.888 * ( 1 - 30.73% )/( (2958.656 + 2767.258)/ 2 )
=78.8902176/2862.957
=2.76 %

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))
=4023.404 - 522.056 - ( 542.692 - max(0, 1086.789 - 1750.939+542.692))
=2958.656

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))
=4182.072 - 838.059 - ( 576.755 - max(0, 1133.042 - 1821.556+576.755))
=2767.258

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

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

DaChan Food (Asia)'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 )
=71.516/( ( (1777.354 + max(483.372, 0)) + (1845.611 + max(112.049, 0)) )/ 2 )
=71.516/( ( 2260.726 + 1957.66 )/ 2 )
=71.516/2109.193
=3.39 %

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)
=(278.496 + 636.821 + 278.413) - (522.056 + 0 + 188.302)
=483.372

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(287.923 + 674.834 + 2.6970000000001) - (838.059 + 0 + 15.346)
=112.049

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:

DaChan Food (Asia)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=131.492/1064.205
=12.36 %

* 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.


DaChan Food (Asia) EBIT Related Terms

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DaChan Food (Asia) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Chaowai Street, Room 401, 4th Floor, Office Tower C, Vanton Center, Chaoyang District, Beijing, CHN, 100020
DaChan Food (Asia) Ltd is an investment holding company. It operates through three segments namely, the Chicken Meat segment which carries on a business of broiler farming, hatching of broiler breeder eggs, contract farming, processing and marketing of chilled and frozen chicken meat marketed under the brand of DaChan and Sisters' Kitchen; The Livestock feeds segment manufactures and distributes complete feed, base mix and pre-mix for swine, layer, broiler, duck, and breeder poultry under the brands of Dr. Nupak, DaChan, and Green Knight; and The Processed food segment produces and distributes pickled, pre-fried, and instant food. The geographical regions of the group are The PRC, Japan and Rest of Asia Pacific.
Executives
Great Wall Feedtech (holdings) Ltd. 2101 Beneficial owner
Great Wall Enterprise Co., Ltd. 2201 Interest of corporation controlled by you
Great Wall International (holdings) Ltd. 2201 Interest of corporation controlled by you
Hansen, Inc. 2101 Beneficial owner

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