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Ming Shing Group Holdings (Ming Shing Group Holdings) EBIT : $2.63 Mil (TTM As of Sep. 2023)


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What is Ming Shing Group Holdings EBIT?

Ming Shing Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $1.39 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $2.63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ming Shing Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 39.40%. Ming Shing Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 152.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Ming Shing Group Holdings EBIT Historical Data

The historical data trend for Ming Shing Group 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.

Ming Shing Group Holdings EBIT Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23
EBIT
1.45 2.20 3.44

Ming Shing Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial 0.64 1.56 2.20 1.24 1.39

Competitive Comparison of Ming Shing Group Holdings's EBIT

For the Engineering & Construction subindustry, Ming Shing Group 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.

Ming Shing Group Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's EV-to-EBIT distribution charts can be found below:

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


Ming Shing Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2.63 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.

Ming Shing Group Holdings  (NAS:MSW) EBIT Explanation

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

Ming Shing Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=2.766 * ( 1 - 19.55% )/( (5.685 + 5.611)/ 2 )
=2.225247/5.648
=39.40 %

where

Invested Capital(Q: Mar. 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))
=8.282 - 2.273 - ( 0.324 - max(0, 6.182 - 6.915+0.324))
=5.685

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))
=8.374 - 2.345 - ( 0.418 - max(0, 5.323 - 6.341+0.418))
=5.611

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Ming Shing Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.784/( ( (0.355 + max(1.071, 0)) + (0.342 + max(1.891, 0)) )/ 2 )
=2.784/( ( 1.426 + 2.233 )/ 2 )
=2.784/1.8295
=152.17 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.324 + 0 + 0.02) - (2.273 + 0 + 0)
=1.071

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.218 + 0 + 0.018) - (2.345 + 0 + 0)
=1.891

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=2.628/0.000
= %

* 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.

Ming Shing Group Holdings EBIT Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG
Website
https://www.ms100.com.hk
Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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