SECOY (Secoo Holding) EBIT: $-208.5 Mil (TTM As of Jun. 2022)

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SECOY Secoo Holding Ltd SECOY
12 GF Score
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What is Secoo Holding EBIT?

Secoo Holding SECOY 12 EBIT is $-208.5 Mil as of Jun. 2022. GuruFocus rates SECOY with a GF Score™ of 12/100.

Secoo Holding's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2022 was $-114.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-208.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Secoo Holding's annualized ROC % for the quarter that ended in Jun. 2022 was -49.22%. Secoo Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -69.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Secoo Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -20,845,300.00%.

Secoo Holding  (OTCPK:SECOY) EBIT Explanation

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

Secoo Holding's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-228.018 * ( 1 - 0.96% )/( (518.692 + 398.997)/ 2 )
=-225.8290272/458.8445
=-49.22 %

where

Invested Capital(Q: Dec. 2021 )
=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))
=701.942 - 158.741 - ( 24.509 - max(0, 209.639 - 648.133+24.509))
=518.692

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))
=558.931 - 148.232 - ( 11.702 - max(0, 205.414 - 507.946+11.702))
=398.997

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

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

Secoo Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-227.976/( ( (9.754 + max(342.12, 0)) + (6.621 + max(295.932, 0)) )/ 2 )
=-227.976/( ( 351.874 + 302.553 )/ 2 )
=-227.976/327.2135
=-69.67 %

where Working Capital is:

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.646 + 470.297 + 72.49) - (158.741 + 42.491 + 1.081)
=342.12

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.431 + 378.265 + 117.548) - (148.232 + 52.08 + 0)
=295.932

When net working capital is negative, 0 is used.

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

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

Secoo Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-208.453/0.001
=-20,845,300.00 %

* 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.

Secoo Holding EBIT Related Terms

Secoo Holding EBIT Historical Data

* Premium members only.

The historical data trend for Secoo Holding'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.

Secoo Holding EBIT Chart

Secoo Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial 16.80 36.56 44.48 7.41 -93.56

Secoo Holding Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 3.24 3.90 0.90 -94.47 -113.99

SECOY vs PIK, MOGU, HWGC: EBIT Comparison

For the Internet Retail subindustry, Secoo Holding'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.

Secoo Holding EV-to-EBIT vs Retail - Cyclical Industry

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

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


SECOY
12GF Score
Secoo Holding Ltd SECOY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Secoo Holding 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-208.5 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-208.5 Mil mean?
Secoo Holding (SECOY) has a EBIT of $-208.5 Mil as of Jun. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Secoo Holding.
Is Secoo Holding's EBIT too high?
Secoo Holding's current EBIT is $-208.5 Mil. Overall, Secoo Holding has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Secoo Holding's EBIT compare to PIK and MOGU?
Secoo Holding's EBIT of $-208.5 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Secoo Holding. Secoo Holding's current EBIT is $-208.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secoo Holding stock overvalued right now?
Secoo Holding (SECOY) has a current EBIT of $-208.5 Mil. The current EBIT is $-208.5 Mil. Secoo Holding's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Secoo Holding (SECOY), the current EBIT is $-208.5 Mil as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Secoo Holding Business Description

Address No. 3 Courtyard Building 2, Sanlitun Road A, Chaoyang District, Beijing, CHN, 100027
Secoo Holding Ltd operates an online and offline shopping platform in China. It operates as an online retailer in China through the website, mobile applications, and offline experience centers in Beijing, Shanghai, Chengdu, Tianjin, Xiamen, Qingdao, and Malaysia. Also, the company is cooperating with brand boutiques such as Versace boutiques for its customers to pick up products ordered on its online platform. The majority of revenue is generated from its online business. Its geographical segments are China, Hongkong, and Others, of which the majority of the revenue is generated from China.
12GF Score

Get the complete analysis for SECOY

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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