Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) EBIT : $0.70 Mil (TTM As of Jun. 2023)

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What is Neo-Concept International Group Holdings EBIT?

Neo-Concept International Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-0.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $0.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Neo-Concept International Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -4.53%. Neo-Concept International Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -14.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Neo-Concept International Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 2.14%.

Neo-Concept International Group Holdings EBIT Historical Data

The historical data trend for Neo-Concept International 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.

Neo-Concept International Group Holdings EBIT Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-0.04

1.24

2.76

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial			0.14	1.10	1.83	0.92	-0.22

Competitive Comparison of Neo-Concept International Group Holdings's EBIT

For the Apparel Manufacturing subindustry, Neo-Concept International 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.

Neo-Concept International Group Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Neo-Concept International Group Holdings's EV-to-EBIT falls into.

Neo-Concept International 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.70 Mil.

Neo-Concept International Group Holdings (NAS:NCI) EBIT Explanation

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

Neo-Concept International Group Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.432 * ( 1 - 0% )	/	( (10.995	+	8.063)	/ 2 )
=	-0.432	/	9.529
=	-4.53 %

where

	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	))
=	5.378	-	2.255	-	( 1.104	-	max(0, 13.124	-	5.252	+	1.104	))
=	10.995

	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	))
=	11.692	-	5.338	-	( 0.335	-	max(0, 11.026	-	9.317	+	0.335	))
=	8.063

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

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

Neo-Concept International Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.434	/	( ( (0.091 + max(-0.197, 0))	+	(2.344 + max(3.637, 0)) )	/	2 )
=	-0.434	/	( ( 0.091	+	5.981 )	/	2 )
=	-0.434	/	3.036
=	-14.30 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.328	+	0.167	+	0.563)	-	(2.255	+	0	+	1.7763568394003E-15)
=	-0.197

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.63	+	0.342	+	7.003)	-	(5.338	+	0	+	0)
=	3.637

When net working capital is negative, 0 is used.

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

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

Neo-Concept International Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	0.702	/	32.766
	=	2.14 %

Neo-Concept International Group Holdings EBIT Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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