Impro Precision Industries (HKSE:01286) EBIT : HK$736 Mil (TTM As of Dec. 2023)

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What is Impro Precision Industries EBIT?

Impro Precision Industries's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$305 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$736 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Impro Precision Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 10.40%. Impro Precision Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Impro Precision Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.61%.

Impro Precision Industries EBIT Historical Data

The historical data trend for Impro Precision Industries'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.

Impro Precision Industries EBIT Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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710.35

-17.08

496.97

749.30

736.13

Impro Precision Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									251.46	351.30	398.00	431.39	304.74

Competitive Comparison of Impro Precision Industries's EBIT

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's EV-to-EBIT falls into.

Impro Precision Industries 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$736 Mil.

Impro Precision Industries (HKSE:01286) EBIT Explanation

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

Impro Precision Industries'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 )
=	611.556 * ( 1 - -15.28% )	/	( (6699.207	+	6859.944)	/ 2 )
=	705.0017568	/	6779.5755
=	10.40 %

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	))
=	8144.375	-	840.099	-	( 605.069	-	max(0, 1966.268	-	3052.301	+	605.069	))
=	6699.207

	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	))
=	8300.871	-	810.077	-	( 630.85	-	max(0, 1924.267	-	2986.713	+	630.85	))
=	6859.944

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:

Impro Precision Industries'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 )
=	609.478	/	( ( (4411.521 + max(1484.131, 0))	+	(4587.943 + max(1365.705, 0)) )	/	2 )
=	609.478	/	( ( 5895.652	+	5953.648 )	/	2 )
=	609.478	/	5924.65
=	10.29 %

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)
=	(1140.28	+	1044.632	+	203.54)	-	(840.099	+	0	+	64.222)
=	1484.131

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1026.376	+	961.195	+	266.148)	-	(810.077	+	0	+	77.937)
=	1365.705

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:

Impro Precision Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	736.128	/	5835.608
	=	12.61 %

Impro Precision Industries EBIT Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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