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Value Partners Group (HKSE:00806) EBIT : HK$35.0 Mil (TTM As of Dec. 2023)


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What is Value Partners Group EBIT?

Value Partners Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$24.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$35.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Value Partners Group's annualized ROC % for the quarter that ended in Dec. 2023 was -4.26%. Value Partners Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Value Partners Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.40%.


Value Partners Group EBIT Historical Data

The historical data trend for Value Partners Group'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.

Value Partners Group EBIT Chart

Value Partners Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 570.20 1,604.70 511.86 -535.06 35.04

Value Partners Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 268.08 -422.26 -112.81 10.40 24.65

Competitive Comparison of Value Partners Group's EBIT

For the Asset Management subindustry, Value Partners Group'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.


Value Partners Group's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Value Partners Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Value Partners Group's EV-to-EBIT falls into.



Value Partners Group 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$35.0 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.


Value Partners Group  (HKSE:00806) EBIT Explanation

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

Value Partners Group'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 )
=-136.088 * ( 1 - 11.17% )/( (2881.86 + 2790.274)/ 2 )
=-120.8869704/2836.067
=-4.26 %

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))
=4652.532 - 85 - ( 1699.138 - max(0, 214.58 - 1900.252+1699.138))
=2881.86

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))
=4678.082 - 1008.149 - ( 1765.294 - max(0, 1028.58 - 1908.239+1765.294))
=2790.274

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:

Value Partners Group'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 )
=49.292/( ( (179.881 + max(51.149, 0)) + (202.385 + max(-896.265, 0)) )/ 2 )
=49.292/( ( 231.03 + 202.385 )/ 2 )
=49.292/216.7075
=22.75 %

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)
=(62.793 + 0 + 110.725) - (85 + 0 + 37.369)
=51.149

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.278 + 0 + 17.413) - (1008.149 + 0 + 4.8069999999999)
=-896.265

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:

Value Partners Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=35.042/1460.142
=2.40 %

* 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.


Value Partners Group EBIT Related Terms

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Value Partners Group (HKSE:00806) Business Description

Traded in Other Exchanges
Address
99 Queen’s Road Central, 43rd Floor, The Center, Hong Kong, HKG
Value Partners Group Ltd offers asset management portfolios for institutional and individual clients in the Asia Pacific, Europe, and the United States. Fund options include absolute return funds, fixed-income products, long-short hedge funds, exchange-traded funds, and quantitative funds. Inflows for Value's products come by way of a distribution network that includes retail banks, private banks, and insurance companies. Retail investors are the majority contributors to the firm's host of funds with a majority of the Value's assets held by funds within its group of brands. The firm provides other fund opportunities under white-label and co-branded funds.
Executives
Cheah Cheng Hye 2101 Beneficial owner
To Hau Yin 2202 Interest of your spouse
Yeh Mira 2202 Interest of your spouse
Yeh V-nee 2101 Beneficial owner
Cheah Capital Management Limited 2101 Beneficial owner
Cheah Company Limited 2201 Interest of corporation controlled by you
Zedra Jersey Nominee Company Limited 2101 Beneficial owner
Guang Fa Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Haitong International Asset Management (hk) Limited 2102 Investment manager
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Zedra Jersey Trust Corporation Limited 2301 Trustee

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