MS Group Holdings (HKSE:01451) EBIT : HK$24.7 Mil (TTM As of Dec. 2023)

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What is MS Group Holdings EBIT?

MS Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$11.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$24.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MS Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 19.79%. MS Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 33.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MS Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.83%.

MS Group Holdings EBIT Historical Data

The historical data trend for MS Group 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.

MS Group Holdings EBIT Chart

MS Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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19.36

22.55

24.58

20.92

24.66

MS Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											14.86	19.25	1.68	13.44	11.22

Competitive Comparison of MS Group Holdings's EBIT

For the Packaging & Containers subindustry, MS Group 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.

MS Group Holdings's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, MS Group Holdings's EV-to-EBIT distribution charts can be found below:

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

MS Group 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$24.7 Mil.

MS Group Holdings (HKSE:01451) EBIT Explanation

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

MS Group 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 )
=	29.34 * ( 1 - 33.47% )	/	( (83.682	+	113.638)	/ 2 )
=	19.519902	/	98.66
=	19.79 %

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	))
=	241.106	-	11.001	-	( 146.423	-	max(0, 37.78	-	205.125	+	146.423	))
=	83.682

	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	))
=	255.142	-	15.21	-	( 126.294	-	max(0, 40.59	-	219.334	+	126.294	))
=	113.638

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:

MS Group 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 )
=	22.444	/	( ( (29.311 + max(20.856, 0))	+	(34.565 + max(48.3, 0)) )	/	2 )
=	22.444	/	( ( 50.167	+	82.865 )	/	2 )
=	22.444	/	66.516
=	33.74 %

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)
=	(24.511	+	22.246	+	8.095)	-	(11.001	+	0	+	22.995)
=	20.856

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.869	+	39.054	+	9.2)	-	(15.21	+	0	+	23.613)
=	48.3

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	24.662	/	77.473
	=	31.83 %

MS Group Holdings EBIT Related Terms

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MS Group Holdings (HKSE:01451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MS Group Holdings Ltd (HKSE:01451) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Sheung Yuet Road, Room 907, 9th Floor, Enterprise Square Tower 1, Kowloon Bay, Hong Kong, HKG

Website

http://www.mainsuccess.cn

MS Group Holdings Ltd produces and sells plastic bottles and baby feeding accessories. Its operating segments are the OEM business which comprises the production and sales of plastic bottles and cups for infants and toddlers and plastic sports bottles on an OEM basis predominately for the overseas markets; and the Yo Yo Monkey Business, which comprises the production and sales of infant and toddler products, particularly plastic bottles and cups, under the brand developed by the Group and known as Yo Yo Monkey, principally for the PRC market, and the majority of the revenue comes from the OEM business. Its revenue is mainly derived from the United States of America; also has a presence in the Netherlands, Italy, the PRC, and other countries.

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