Flowing Cloud Technology (HKSE:06610) EBIT : HK$249 Mil (TTM As of Jun. 2024)

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What is Flowing Cloud Technology EBIT?

Flowing Cloud Technology's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$249 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flowing Cloud Technology's annualized ROC % for the quarter that ended in Jun. 2024 was 9.13%. Flowing Cloud Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flowing Cloud Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 52.14%.

Flowing Cloud Technology EBIT Historical Data

The historical data trend for Flowing Cloud Technology'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.

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Flowing Cloud Technology EBIT Chart

Flowing Cloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

54.97

85.70

109.59

279.63

302.43

Flowing Cloud Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial			126.54	159.08	136.37	166.06	82.90

Competitive Comparison of Flowing Cloud Technology's EBIT

For the Software - Application subindustry, Flowing Cloud Technology'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.

Flowing Cloud Technology's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Flowing Cloud Technology's EV-to-EBIT distribution charts can be found below:

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

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Flowing Cloud Technology 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$249 Mil.

Flowing Cloud Technology (HKSE:06610) EBIT Explanation

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

Flowing Cloud Technology'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 )
=	160.446 * ( 1 - 14.73% )	/	( (1346.464	+	1650.483)	/ 2 )
=	136.8123042	/	1498.4735
=	9.13 %

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	))
=	1882.693	-	172.364	-	( 363.865	-	max(0, 293.288	-	1632.632	+	363.865	))
=	1346.464

	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	))
=	1964.34	-	168.553	-	( 145.304	-	max(0, 339.309	-	1756.555	+	145.304	))
=	1650.483

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:

Flowing Cloud Technology'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 )
=	165.792	/	( ( (13.954 + max(1082.117, 0))	+	(12.038 + max(1419.947, 0)) )	/	2 )
=	165.792	/	( ( 1096.071	+	1431.985 )	/	2 )
=	165.792	/	1264.028
=	13.12 %

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)
=	(618.843	+	0	+	649.924)	-	(172.364	+	0	+	14.286)
=	1082.117

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(612.464	+	0	+	992.902)	-	(168.553	+	0	+	16.866)
=	1419.947

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:

Flowing Cloud Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	248.954	/	477.460
	=	52.14 %

Flowing Cloud Technology EBIT Related Terms

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Flowing Cloud Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flowing Cloud Technology Ltd (HKSE:06610) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangqulu No. 3, Shop 8, Jingyuan Art Center, Chaoyang District, Beijing, CHN

Website

https://www.flowingcloud.com

Flowing Cloud Technology Ltd is a supplier of the Metaverse scene application tier in China. It is a leading smart marketing technology service provider in China. It uses AR/VR engine, AI behavior algorithm, cloud computing and other technical capabilities to empower the business development of enterprises in various vertical industries such as e-commerce, education, and cultural tourism.

Executives

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Bei Jing Tong Chuang Zhi Ming Ke Ji He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
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