Hong Kong Ferry (Holdings) Co (HKSE:00050) EBIT : HK$206.9 Mil (TTM As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co EBIT?

Hong Kong Ferry (Holdings) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$105.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$206.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hong Kong Ferry (Holdings) Co's annualized ROC % for the quarter that ended in Dec. 2023 was 2.28%. Hong Kong Ferry (Holdings) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hong Kong Ferry (Holdings) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -73.86%.

Hong Kong Ferry (Holdings) Co EBIT Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co'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.

Hong Kong Ferry (Holdings) Co EBIT Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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154.80

39.81

138.73

1,356.17

206.90

Hong Kong Ferry (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															61.88	77.23	1,278.94	101.28	105.62

Competitive Comparison of Hong Kong Ferry (Holdings) Co's EBIT

For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co'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.

Hong Kong Ferry (Holdings) Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hong Kong Ferry (Holdings) Co's EV-to-EBIT falls into.

Hong Kong Ferry (Holdings) Co 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$206.9 Mil.

Hong Kong Ferry (Holdings) Co (HKSE:00050) EBIT Explanation

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

Hong Kong Ferry (Holdings) Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	128.164 * ( 1 - 7.23% )	/	( (5198.645	+	5231.146)	/ 2 )
=	118.8977428	/	5214.8955
=	2.28 %

where

	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	))
=	7295.754	-	293.807	-	( 1803.302	-	max(0, 301.068	-	3757.343	+	1803.302	))
=	5198.645

	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	))
=	7289.271	-	232.691	-	( 1825.434	-	max(0, 240.726	-	3792.221	+	1825.434	))
=	5231.146

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

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

Hong Kong Ferry (Holdings) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	211.242	/	( ( (104.135 + max(1564.163, 0))	+	(97.833 + max(1626.483, 0)) )	/	2 )
=	211.242	/	( ( 1668.298	+	1724.316 )	/	2 )
=	211.242	/	1696.307
=	12.45 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.696	+	1800.56	+	0.71399999999994)	-	(293.807	+	0	+	-5.6843418860808E-14)
=	1564.163

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.669	+	1802.14	+	0.51700000000028)	-	(232.691	+	0	+	1.152)
=	1626.483

When net working capital is negative, 0 is used.

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

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

Hong Kong Ferry (Holdings) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	206.901	/	-280.132
	=	-73.86 %

Hong Kong Ferry (Holdings) Co EBIT Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Executives

Lee Shau Kee

Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines

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