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Cirtek Holdings (HKSE:01433) EBIT : HK$-16.5 Mil (TTM As of Dec. 2023)


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What is Cirtek Holdings EBIT?

Cirtek Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-0.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-16.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cirtek Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 33.12%. Cirtek Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cirtek Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.92%.


Cirtek Holdings EBIT Historical Data

The historical data trend for Cirtek Holdings'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.

Cirtek Holdings EBIT Chart

Cirtek Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 40.65 7.17 23.51 20.98 -16.49

Cirtek Holdings Semi-Annual Data
Dec16 Dec17 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 18.51 14.62 6.36 -16.43 -0.06

Competitive Comparison of Cirtek Holdings's EBIT

For the Apparel Manufacturing subindustry, Cirtek Holdings'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.


Cirtek Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cirtek Holdings's EV-to-EBIT distribution charts can be found below:

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



Cirtek Holdings 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$-16.5 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.


Cirtek Holdings  (HKSE:01433) EBIT Explanation

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

Cirtek Holdings'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 )
=17.02 * ( 1 - -336.83% )/( (229.109 + 219.853)/ 2 )
=74.348466/224.481
=33.12 %

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))
=361.142 - 100.676 - ( 32.839 - max(0, 137.691 - 169.048+32.839))
=229.109

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))
=369.425 - 120.974 - ( 34.158 - max(0, 153.159 - 181.757+34.158))
=219.853

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:

Cirtek Holdings'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 )
=-0.12/( ( (160.423 + max(20.511, 0)) + (172.195 + max(8.748, 0)) )/ 2 )
=-0.12/( ( 180.934 + 180.943 )/ 2 )
=-0.12/180.9385
=-0.07 %

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)
=(33.66 + 73.315 + 14.212) - (100.676 + 0 + 0)
=20.511

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.912 + 70.163 + 14.647) - (120.974 + 0 + 0)
=8.748

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-16.486/92.022
=-17.92 %

* 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.


Cirtek Holdings EBIT Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Traded in Other Exchanges
N/A
Address
15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG
Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.
Executives
Charming International Limited 2101 Beneficial owner
Chan Sing Ming Barry 2201 Interest of corporation controlled by you
Law Miu Lan 2201 Interest of corporation controlled by you

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