Man Wah Holdings (STU:AAM) EBIT : €364 Mil (TTM As of Sep. 2023)

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What is Man Wah Holdings EBIT?

Man Wah Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was €181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was €364 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Man Wah Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 15.42%. Man Wah Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 27.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Man Wah Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 11.42%.

Man Wah Holdings EBIT Historical Data

The historical data trend for Man Wah 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.

Man Wah Holdings EBIT Chart

Man Wah Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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263.60

265.48

336.34

299.84

360.45

Man Wah Holdings 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															185.96	182.88	130.71	181.01	182.60

Competitive Comparison of Man Wah Holdings's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Man Wah 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.

Man Wah Holdings's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Man Wah Holdings's EV-to-EBIT distribution charts can be found below:

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

Man Wah 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 €364 Mil.

Man Wah Holdings (STU:AAM) EBIT Explanation

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

Man Wah 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 )
=	367.022 * ( 1 - 16.24% )	/	( (1960.722	+	2026.378)	/ 2 )
=	307.4176272	/	1993.55
=	15.42 %

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	))
=	2337.23	-	182.702	-	( 485.742	-	max(0, 807.54	-	1001.346	+	485.742	))
=	1960.722

	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	))
=	2389.954	-	162.675	-	( 542.558	-	max(0, 861.807	-	1062.708	+	542.558	))
=	2026.378

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:

Man Wah 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 )
=	362.018	/	( ( (1144.936 + max(178.289, 0))	+	(1150.112 + max(181.742, 0)) )	/	2 )
=	362.018	/	( ( 1323.225	+	1331.854 )	/	2 )
=	362.018	/	1327.5395
=	27.27 %

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)
=	(194.396	+	210.522	+	74.525)	-	(182.702	+	0	+	118.452)
=	178.289

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(199.697	+	205.473	+	67.809)	-	(162.675	+	0	+	128.562)
=	181.742

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	363.606	/	3183.341
	=	11.42 %

Man Wah Holdings EBIT Related Terms

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Man Wah Holdings (STU:AAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Man Wah Holdings Ltd (STU:AAM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MAWHY:USA MAWHF:USA 01999:Hong Kong AAM:Germany

Address

10-14 Kwei Tei Street, 1st Floor, Wah Lai Industrial Center, New Territories, Fotan, Hong Kong, HKG

Website

http://www.manwahholdings.com

Man Wah Holdings Ltd is an investment holding company. The company's segment includes Sofas and ancillary products; Bedding and ancillary products; Other products; Other business and Home Group business. It generates maximum revenue from the Sofas and ancillary products segment. Sofas and ancillary products segment manufacture and distribution of sofas and ancillary products through wholesale and distributors other than those by Home Group Ltd and its subsidiaries. Geographically, it derives a majority of its revenue from PRC (including Hong Kong and Macau).

Man Wah Holdings (STU:AAM) Headlines

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