Top Standard (HKSE:08510) EBIT : HK$4.65 Mil (TTM As of Jun. 2024)

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What is Top Standard EBIT?

Top Standard's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was HK$0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$4.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Top Standard's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%. Top Standard's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Top Standard's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 17.42%.

Top Standard EBIT Historical Data

The historical data trend for Top Standard'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.

Top Standard EBIT Chart

Top Standard Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-36.55

-29.19

-11.96

-8.16

4.65

Top Standard 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															-14.73	-1.21	-1.48	22.07	-

Competitive Comparison of Top Standard's EBIT

For the Restaurants subindustry, Top Standard'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.

Top Standard's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Top Standard's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Top Standard's EV-to-EBIT falls into.

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Top Standard 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$4.65 Mil.

Top Standard (HKSE:08510) EBIT Explanation

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

Top Standard'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 )
=	0 * ( 1 - 0% )	/	( (19.36	+	17.356)	/ 2 )
=	0	/	18.358
=	0.00 %

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	))
=	15.472	-	10.452	-	( 2.416	-	max(0, 18.002	-	3.662	+	2.416	))
=	19.36

	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	))
=	14.606	-	16.701	-	( 0.942	-	max(0, 21.41	-	1.959	+	0.942	))
=	17.356

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

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

Top Standard'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 )
=	0	/	( ( (9.741 + max(-12.77, 0))	+	(11.051 + max(-15.968, 0)) )	/	2 )
=	0	/	( ( 9.741	+	11.051 )	/	2 )
=	0	/	10.396
=	0.00 %

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)
=	(0.81	+	0.402	+	0)	-	(10.452	+	0	+	3.53)
=	-12.77

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.565	+	0.418	+	2.2204460492503E-16)	-	(16.701	+	0	+	0.25)
=	-15.968

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:

Top Standard's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	4.648	/	26.676
	=	17.42 %

Top Standard EBIT Related Terms

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Top Standard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Top Standard Corp (HKSE:08510) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Hung To Road, Unit 3C, 3rd Floor, Yue Xiu Industrial Building, Kwun Tong, Kowloon, HKG

Website

https://www.topstandard.com.hk

Top Standard Corp is an investment holding company and the Group is a restaurant group that operates restaurants and bars in Hong Kong and South-east Asia and online sales of wines. The group has two operating and reportable segments: catering service and online sales of wines. The group has been operating new restaurants Sushi MEW (Hong Kong) and Sushi MEW (Singapore). The company derives the majority of its revenue from food catering services which include food and beverage served. The group operates in Hong Kong, Malaysia, and Singapore. It generates the majority of its revenue from Hong Kong.

Executives

Jss Group Corporation
Chuk Stanley
Lazarus Securities Pty Ltd
Axis Motion Limited	2101 Beneficial owner
Focus Dynamics Group Berhad
Lau Wing Kee	2201 Interest of corporation controlled by you

Top Standard Headlines

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