Thai Group Holdings PCL (BKK:TGH) EBIT : ฿1,114 Mil (TTM As of Mar. 2024)

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What is Thai Group Holdings PCL EBIT?

Thai Group Holdings PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ฿524 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ฿1,114 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Group Holdings PCL's annualized ROC % for the quarter that ended in Mar. 2024 was -1.17%. Thai Group Holdings PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thai Group Holdings PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.77%.

Thai Group Holdings PCL EBIT Historical Data

The historical data trend for Thai Group Holdings PCL'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.

Thai Group Holdings PCL EBIT Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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834.05

1,352.08

-3,146.09

2,176.42

856.90

Thai Group Holdings PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															266.68	401.96	42.45	145.81	523.86

Competitive Comparison of Thai Group Holdings PCL's EBIT

For the Insurance - Diversified subindustry, Thai Group Holdings PCL'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.

Thai Group Holdings PCL's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's EV-to-EBIT distribution charts can be found below:

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

Thai Group Holdings PCL 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,114 Mil.

Thai Group Holdings PCL (BKK:TGH) EBIT Explanation

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

Thai Group Holdings PCL's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-771.936 * ( 1 - 33.4% )	/	( (51805.915	+	36320.527)	/ 2 )
=	-514.109376	/	44063.221
=	-1.17 %

where

	Invested Capital		(Q: Dec. 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	))
=	86084.903	-	3972.592	-	( 51015.822	-	max(0, 26651.244	-	56957.64	+	51015.822	))
=	51805.915

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	85246.257	-	2682.428	-	( 50650.347	-	max(0, 9249.35	-	55492.652	+	50650.347	))
=	36320.527

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Thai Group Holdings PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2095.456	/	( ( (16900.563 + max(-6521.289, 0))	+	(16641.439 + max(-5817.013, 0)) )	/	2 )
=	2095.456	/	( ( 16900.563	+	16641.439 )	/	2 )
=	2095.456	/	16771.001
=	12.49 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1499.443	+	1013.96	+	2101.772)	-	(3972.592	+	0	+	7163.872)
=	-6521.289

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1490.985	+	821.805	+	1119.547)	-	(2682.428	+	0	+	6566.922)
=	-5817.013

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1114.087	/	-16450.826
	=	-6.77 %

Thai Group Holdings PCL EBIT Related Terms

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Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.