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South China Vocational Education Group Co (HKSE:06913) EBIT : HK$126.1 Mil (TTM As of Jun. 2024)


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What is South China Vocational Education Group Co EBIT?

South China Vocational Education Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$97.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$126.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. South China Vocational Education Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 7.39%. South China Vocational Education Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. South China Vocational Education Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 39.68%.


South China Vocational Education Group Co EBIT Historical Data

The historical data trend for South China Vocational Education Group Co'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.

South China Vocational Education Group Co EBIT Chart

South China Vocational Education Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 197.24 226.08 214.49 181.18 133.53

South China Vocational Education Group Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 118.80 68.01 104.83 28.70 97.40

Competitive Comparison of South China Vocational Education Group Co's EBIT

For the Education & Training Services subindustry, South China Vocational Education Group Co'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.


South China Vocational Education Group Co's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, South China Vocational Education Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where South China Vocational Education Group Co's EV-to-EBIT falls into.


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South China Vocational Education Group Co 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$126.1 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.


South China Vocational Education Group Co  (HKSE:06913) EBIT Explanation

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

South China Vocational Education Group Co'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 )
=172.598 * ( 1 - -3.91% )/( (2615.199 + 2238.44)/ 2 )
=179.3465818/2426.8195
=7.39 %

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))
=2696.911 - 158.455 - ( 460.937 - max(0, 620.444 - 543.701+460.937))
=2615.199

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))
=2491.9 - 199.679 - ( 383.393 - max(0, 371.601 - 425.382+383.393))
=2238.44

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:

South China Vocational Education Group Co'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 )
=194.808/( ( (1976.933 + max(-412.434, 0)) + (1961.834 + max(-272.01, 0)) )/ 2 )
=194.808/( ( 1976.933 + 1961.834 )/ 2 )
=194.808/1969.3835
=9.89 %

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)
=(5.489 + 0 + 30.619) - (158.455 + 0 + 290.087)
=-412.434

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.039 + 0 + 7.0890000000001) - (199.679 + 0 + 82.459)
=-272.01

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:

South China Vocational Education Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=126.101/317.780
=39.68 %

* 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.


South China Vocational Education Group Co EBIT Related Terms

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South China Vocational Education Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 492 Da Guan Zhong Road, Tianhe District, Guangdong Province, Guangzhou, CHN
South China Vocational Education Group Co Ltd is a private formal vocational education service provider. The company offers a wide range of innovative courses and provides students with practical skills through extensive and in-depth school-enterprise cooperation projects.
Executives
He Huishan 2201 Interest of corporation controlled by you
Zhou Lanqing 2201 Interest of corporation controlled by you
China Foreign Education Limited 2101 Beneficial owner
Du Wenyu 2202 Interest of your spouse
Fangyuan International Education Investment Limited 2101 Beneficial owner
He Huifen 2201 Interest of corporation controlled by you
Good Booming Limited 2101 Beneficial owner
Zhihui Guang Limited 2101 Beneficial owner
Han Liqing 2202 Interest of your spouse
He Huifang 2201 Interest of corporation controlled by you

South China Vocational Education Group Co Headlines

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