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MECOM Power and Construction (HKSE:01183) EBIT : HK$18 Mil (TTM As of Dec. 2023)


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What is MECOM Power and Construction EBIT?

MECOM Power and Construction's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MECOM Power and Construction's annualized ROC % for the quarter that ended in Dec. 2023 was -6.53%. MECOM Power and Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MECOM Power and Construction's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.00%.


MECOM Power and Construction EBIT Historical Data

The historical data trend for MECOM Power and Construction'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.

MECOM Power and Construction EBIT Chart

MECOM Power and Construction 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 59.19 53.39 140.31 100.30 18.39

MECOM Power and Construction Semi-Annual Data
Dec14 Dec15 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 78.94 57.58 42.72 50.72 -32.33

Competitive Comparison of MECOM Power and Construction's EBIT

For the Steel subindustry, MECOM Power and Construction'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.


MECOM Power and Construction's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, MECOM Power and Construction's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MECOM Power and Construction's EV-to-EBIT falls into.



MECOM Power and Construction 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$18 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.


MECOM Power and Construction  (HKSE:01183) EBIT Explanation

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

MECOM Power and Construction'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 )
=-61.508 * ( 1 - 13.76% )/( (832.072 + 792.864)/ 2 )
=-53.0444992/812.468
=-6.53 %

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))
=1098.297 - 235.413 - ( 30.812 - max(0, 550.169 - 934.529+30.812))
=832.072

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))
=1056.739 - 207.911 - ( 55.964 - max(0, 559.403 - 807.273+55.964))
=792.864

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:

MECOM Power and Construction'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 )
=-64.666/( ( (150.096 + max(408.563, 0)) + (235.084 + max(325.634, 0)) )/ 2 )
=-64.666/( ( 558.659 + 560.718 )/ 2 )
=-64.666/559.6885
=-11.55 %

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)
=(599.03 + 86.752 + 91.86) - (235.413 + 0 + 133.666)
=408.563

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(499.188 + 43.132 + 101.343) - (207.911 + 0 + 110.118)
=325.634

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:

MECOM Power and Construction's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=18.385/921.376
=2.00 %

* 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.


MECOM Power and Construction EBIT Related Terms

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MECOM Power and Construction (HKSE:01183) Business Description

Traded in Other Exchanges
N/A
Address
No. 258 Alameda Dr. Carlos D'Assumpcao, Units Q, R and S, 6th Floor, Kin Fu Kuok, Praca Kin Heng Long-Heng Hoi Kuok, Macau, MAC
MECOM Power and Construction Ltd is an integrated construction engineering contractor and power substations constructor in Macau. The company's segment includes Construction business engages in the provision of construction services, including construction and fitting out works, high voltage power substation construction and its system installation works, E&M engineering services works, and provision of facilities management services; and EV charging business engages in the sale of EV charging systems and subscription fee income. It generates maximum revenue from Construction and fitting out works segment. Geographically, it derives revenue from Macau.
Executives
Lei Kuok Hong 2201 Interest of corporation controlled by you
Chan Sao Ieng 2202 Interest of your spouse
Kuan Chio Man
Macau New Base Investment Company Limited 2101 Beneficial owner
Chan Ka Lai
Kuok Lam Sek
Lam Ka Man
Lam Kuok Wa
Lao Ka Wa
Mecom Holding Limited
Sou Kun Tou
Tam Cho Veng
Wong Fong Peng

MECOM Power and Construction (HKSE:01183) Headlines

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