Dashan Education Holdings (HKSE:09986) EBIT : HK$-9.78 Mil (TTM As of Jun. 2024)

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What is Dashan Education Holdings EBIT?

Dashan Education Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-9.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-9.78 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dashan Education Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -11.01%. Dashan Education Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -43.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dashan Education Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.81%.

Dashan Education Holdings EBIT Historical Data

The historical data trend for Dashan Education Holdings'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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Dashan Education Holdings EBIT Chart

Dashan Education Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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71.13

14.93

-59.46

-34.83

Dashan Education Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
EBIT	Get a 7-Day Free Trial							-92.08	-1.28	-33.61	-21.47	-9.78

Competitive Comparison of Dashan Education Holdings's EBIT

For the Education & Training Services subindustry, Dashan Education Holdings'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.

Dashan Education Holdings's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Dashan Education Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dashan Education Holdings's EV-to-EBIT falls into.

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Dashan Education Holdings 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$-9.78 Mil.

Dashan Education Holdings (HKSE:09986) EBIT Explanation

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

Dashan Education Holdings'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: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-26.858 * ( 1 - 5.46% )	/	( (193.775	+	267.643)	/ 2 )
=	-25.3915532	/	230.709
=	-11.01 %

where

	Invested Capital		(Q: Jun. 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	))
=	306.558	-	22.403	-	( 98.24	-	max(0, 79.006	-	169.386	+	98.24	))
=	193.775

	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	))
=	307.516	-	20.474	-	( 119.549	-	max(0, 153.387	-	172.786	+	119.549	))
=	267.643

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:

Dashan Education Holdings'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: Jun. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-19.55	/	( ( (48.715 + max(-63.898, 0))	+	(41.069 + max(-139.552, 0)) )	/	2 )
=	-19.55	/	( ( 48.715	+	41.069 )	/	2 )
=	-19.55	/	44.892
=	-43.55 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.62	+	0.18	+	0)	-	(22.403	+	0	+	46.295)
=	-63.898

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.51	+	0	+	0)	-	(20.474	+	0	+	121.588)
=	-139.552

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:

Dashan Education Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-9.775	/	1200.189
	=	-0.81 %

Dashan Education Holdings EBIT Related Terms

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Dashan Education Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Dashan Education Holdings Ltd (HKSE:09986) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Crossroad of Zhongzhou Avenue and Minghong Road, 19th Floor Guoxin Plaza, Jinshui District, Henan Province, Zhengzhou, CHN

Website

https://www.dashanedu.com

Dashan Education Holdings Ltd is principally engaged in the provision of (i) extracurricular programs for personal attainment in arts, sports and dancing targeting children and teenagers; (ii) overseas education consultation services in the PRC; (iii) training services for teaching staff; and (iv) other consultancy services. The Group's operating and reportable segments are the extracurricular programs segment, the overseas education segment, the training and consultancy segment, and the Others segment.

Executives

Zhang Hongjun	2201 Interest of corporation controlled by you
Lucky Heaven International Limited	2101 Beneficial owner
Infinite Apex Enterprises Limited	2101 Beneficial owner
Xi Wang	2201 Interest of corporation controlled by you
Shan Jingchao	2201 Interest of corporation controlled by you
Ma Wenhao	2201 Interest of corporation controlled by you
Jia Shuilin	2201 Interest of corporation controlled by you
Bai Tai Investments Limited	2101 Beneficial owner

Dashan Education Holdings Headlines

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