Progressive Path Group Holdings (HKSE:01581) EBIT : HK$-6.5 Mil (TTM As of Sep. 2023)

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What is Progressive Path Group Holdings EBIT?

Progressive Path Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$10.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-6.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Progressive Path Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 4.04%. Progressive Path Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 5.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Progressive Path Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.69%.

Progressive Path Group Holdings EBIT Historical Data

The historical data trend for Progressive Path 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.

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Progressive Path Group Holdings EBIT Chart

Progressive Path Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-39.46

-8.12

6.97

19.20

-11.22

Progressive Path Group Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial														8.26	10.94	5.52	-16.74	10.21

Competitive Comparison of Progressive Path Group Holdings's EBIT

For the Rental & Leasing Services subindustry, Progressive Path 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.

Progressive Path Group Holdings's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Progressive Path Group Holdings's EV-to-EBIT distribution charts can be found below:

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

Progressive Path 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-6.5 Mil.

Progressive Path Group Holdings (HKSE:01581) EBIT Explanation

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

Progressive Path Group Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	18.302 * ( 1 - 0.98% )	/	( (448.817	+	448.682)	/ 2 )
=	18.1226404	/	448.7495
=	4.04 %

where

	Invested Capital		(Q: Mar. 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	))
=	567.113	-	92.266	-	( 27.307	-	max(0, 258.084	-	284.114	+	27.307	))
=	448.817

	Invested Capital		(Q: Sep. 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	))
=	565.193	-	100.823	-	( 15.688	-	max(0, 260.228	-	295.432	+	15.688	))
=	448.682

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Progressive Path Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	20.414	/	( ( (282.2 + max(70.699, 0))	+	(268.962 + max(135.807, 0)) )	/	2 )
=	20.414	/	( ( 352.899	+	404.769 )	/	2 )
=	20.414	/	378.834
=	5.39 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(177.609	+	0	+	4.8459999999999)	-	(92.266	+	0	+	19.49)
=	70.699

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(249.848	+	0	+	5.071)	-	(100.823	+	0	+	18.289)
=	135.807

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-6.534	/	243.175
	=	-2.69 %

Progressive Path Group Holdings EBIT Related Terms

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Progressive Path Group Holdings (HKSE:01581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Progressive Path Group Holdings Ltd (HKSE:01581) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.ppgh.com.hk

Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental.

Executives

Profit Gold Global Limited	2101 Beneficial owner
Kwok Wai Sheung Melody	2202 Interest of your spouse
Wu Wing Hang	2201 Interest of corporation controlled by you

Progressive Path Group Holdings (HKSE:01581) Headlines

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