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HRGSF (The Hour Glass) EBIT : $156.33 Mil (TTM As of Mar. 2024)


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What is The Hour Glass EBIT?

The Hour Glass's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was $82.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $156.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Hour Glass's annualized ROC % for the quarter that ended in Mar. 2024 was 17.82%. The Hour Glass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 40.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Hour Glass's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 47.27%.


The Hour Glass EBIT Historical Data

The historical data trend for The Hour Glass'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.

The Hour Glass EBIT Chart

The Hour Glass Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.55 84.40 153.27 168.22 157.61

The Hour Glass Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.51 77.38 86.57 74.32 82.01

Competitive Comparison of The Hour Glass's EBIT

For the Luxury Goods subindustry, The Hour Glass'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.


The Hour Glass's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Hour Glass's EV-to-EBIT distribution charts can be found below:

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



The Hour Glass 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $156.33 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.


The Hour Glass  (GREY:HRGSF) EBIT Explanation

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

The Hour Glass's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=141.952 * ( 1 - 25.09% )/( (562.242 + 631.269)/ 2 )
=106.3362432/596.7555
=17.82 %

where

Invested Capital(Q: Sep. 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))
=773.045 - 59.386 - ( 151.417 - max(0, 142.979 - 396.666+151.417))
=562.242

Invested Capital(Q: Mar. 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))
=844.592 - 36.122 - ( 177.201 - max(0, 145.775 - 438.187+177.201))
=631.269

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

The Hour Glass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=164.018/( ( (216.578 + max(185.863, 0)) + (216.748 + max(200.08, 0)) )/ 2 )
=164.018/( ( 402.441 + 416.828 )/ 2 )
=164.018/409.6345
=40.04 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.147 + 220.997 + 2.105) - (59.386 + 0 + 0)
=185.863

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.481 + 234.269 + 15.236) - (36.122 + 0 + 24.784)
=200.08

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

The Hour Glass's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=156.33/330.734
=47.27 %

* 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.


The Hour Glass EBIT Related Terms

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The Hour Glass Business Description

Traded in Other Exchanges
Address
302 Orchard Road, No. 11-01 Tong Building, Singapore, SGP, 238862
The Hour Glass Ltd is a Singapore-based investment holding company. The company is engaged in the retailing and distribution of watches, jewellery and other luxury products. It also invests in properties. The company's geographical segments include South East Asia and Oceania; and North East Asia. It generates maximum revenue from South East Asia and Oceania segment. Some of its brands include A. Lange & Sohne, Blancpain, Cartier, Hublot, Rolex, and others.

The Hour Glass Headlines

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