Lajin Entertainment Network Group (HKSE:08172) EBIT : HK$-43.70 Mil (TTM As of Jun. 2024)

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What is Lajin Entertainment Network Group EBIT?

Lajin Entertainment Network Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was HK$-7.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-43.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lajin Entertainment Network Group's annualized ROC % for the quarter that ended in Jun. 2024 was -30.35%. Lajin Entertainment Network Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3,740.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lajin Entertainment Network Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -60.59%.

Lajin Entertainment Network Group EBIT Historical Data

The historical data trend for Lajin Entertainment Network 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.

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Lajin Entertainment Network Group EBIT Chart

Lajin Entertainment Network Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-89.68

-131.14

-140.03

-102.62

-42.84

Lajin Entertainment Network Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-6.11	-0.26	-10.77	-25.23	-7.70

Competitive Comparison of Lajin Entertainment Network Group's EBIT

For the Entertainment subindustry, Lajin Entertainment Network 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.

Lajin Entertainment Network Group's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Lajin Entertainment Network Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lajin Entertainment Network Group's EV-to-EBIT falls into.

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Lajin Entertainment Network 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-43.70 Mil.

Lajin Entertainment Network Group (HKSE:08172) EBIT Explanation

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

Lajin Entertainment Network Group'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 )
=	-30.804 * ( 1 - 0% )	/	( (105.496	+	97.473)	/ 2 )
=	-30.804	/	101.4845
=	-30.35 %

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	))
=	184.746	-	64.243	-	( 26.339	-	max(0, 66.318	-	81.325	+	26.339	))
=	105.496

	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	))
=	163.643	-	60.605	-	( 18.923	-	max(0, 60.605	-	66.17	+	18.923	))
=	97.473

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

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

Lajin Entertainment Network Group'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 )
=	-30.804	/	( ( (1.083 + max(-30.472, 0))	+	(0.564 + max(-33.492, 0)) )	/	2 )
=	-30.804	/	( ( 1.083	+	0.564 )	/	2 )
=	-30.804	/	0.8235
=	-3,740.62 %

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)
=	(16.813	+	0.837	+	18.196)	-	(64.243	+	0	+	2.075)
=	-30.472

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.077	+	0.817	+	19.219)	-	(60.605	+	0	+	0)
=	-33.492

When net working capital is negative, 0 is used.

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

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

Lajin Entertainment Network Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-43.696	/	72.123
	=	-60.59 %

Lajin Entertainment Network Group EBIT Related Terms

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Lajin Entertainment Network Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lajin Entertainment Network Group Ltd (HKSE:08172) » Definitions » EBIT

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Address

16 Harcourt Road, Admiralty, Unit 3903A, Far East Finance Centre, Hong Kong, HKG

Website

https://www.irasia.com

Lajin Entertainment Network Group Ltd is an investment holding company. The company's operating segment includes Artiste management; Movies, TV programmes, and internet content, and New media e-commerce. The majority of the company's revenue is generated from the movies, TV programmes, and internet content segment which comprises investment, production, and distribution of movies, TV programmes, and investment in internet content. Geographically, it derives a majority of its revenue from Mainland China.

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