Hywin Holdings (Hywin Holdings) EBIT : $33.2 Mil (TTM As of Dec. 2022)

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What is Hywin Holdings EBIT?

Hywin Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was $14.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $33.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hywin Holdings's annualized ROC % for the quarter that ended in Dec. 2022 was 16.80%. Hywin Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 45.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hywin Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -53.34%.

Hywin Holdings EBIT Historical Data

The historical data trend for Hywin 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.

* Premium members only.

Hywin Holdings EBIT Chart

Hywin Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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15.88

22.46

43.83

48.80

32.82

Hywin Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial					26.56	13.88	35.59	14.64	18.57

Competitive Comparison of Hywin Holdings's EBIT

For the Asset Management subindustry, Hywin 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.

Hywin Holdings's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hywin Holdings's EV-to-EBIT distribution charts can be found below:

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

Hywin 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $33.2 Mil.

Hywin Holdings (NAS:HYW) EBIT Explanation

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

Hywin Holdings's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	29.278 * ( 1 - 28.01% )	/	( (93.39	+	157.479)	/ 2 )
=	21.0772322	/	125.4345
=	16.80 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	266.372	-	94.547	-	( 78.435	-	max(0, 116.473	-	200.451	+	78.435	))
=	93.39

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	321.108	-	111.635	-	( 76.827	-	max(0, 130.72	-	182.714	+	76.827	))
=	157.479

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Hywin Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	29.278	/	( ( (48.559 + max(-4.032, 0))	+	(79.567 + max(-20.945, 0)) )	/	2 )
=	29.278	/	( ( 48.559	+	79.567 )	/	2 )
=	29.278	/	64.063
=	45.70 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(84.295	+	0	+	27.847)	-	(94.547	+	0	+	21.627)
=	-4.032

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(85.177	+	1.541	+	13.99)	-	(111.635	+	6.079	+	3.939)
=	-20.945

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	33.204	/	-62.254
	=	-53.34 %

Hywin Holdings EBIT Related Terms

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Hywin Holdings (Hywin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hywin Holdings Ltd (NAS:HYW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Yincheng Mid. Road, F3, Hywin Financial Centre, Pudong New District, Shanghai, CHN, 200120

Website

http://www.hywinwealth.com

Hywin Holdings Ltd is a wealth management service provider in China. It primarily provide wealth management services, insurance brokerage services, asset management services and other services to clients.