Anchorstone Holdings (HKSE:01592) EBIT : HK$-33.32 Mil (TTM As of Dec. 2023)

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What is Anchorstone Holdings EBIT?

Anchorstone Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-32.30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-33.32 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anchorstone Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 5.93%. Anchorstone Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,150.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anchorstone Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -24.35%.

Anchorstone Holdings EBIT Historical Data

The historical data trend for Anchorstone 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.

Anchorstone Holdings EBIT Chart

Anchorstone Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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12.35

-25.47

-36.48

-22.65

-33.32

Anchorstone 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											-36.46	1.89	-24.54	-1.02	-32.30

Competitive Comparison of Anchorstone Holdings's EBIT

For the Building Products & Equipment subindustry, Anchorstone 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.

Anchorstone Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Anchorstone Holdings's EV-to-EBIT distribution charts can be found below:

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

Anchorstone 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$-33.32 Mil.

Anchorstone Holdings (HKSE:01592) EBIT Explanation

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

Anchorstone 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 )
=	8.43 * ( 1 - -5.47% )	/	( (182.686	+	117.399)	/ 2 )
=	8.891121	/	150.0425
=	5.93 %

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	))
=	225.597	-	42.374	-	( 0.537	-	max(0, 113.891	-	224.029	+	0.537	))
=	182.686

	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	))
=	190.274	-	72.368	-	( 0.507	-	max(0, 128.545	-	189.399	+	0.507	))
=	117.399

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:

Anchorstone 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 )
=	-64.59	/	( ( (1.568 + max(8.79, 0))	+	(0.875 + max(-17.51, 0)) )	/	2 )
=	-64.59	/	( ( 10.358	+	0.875 )	/	2 )
=	-64.59	/	5.6165
=	-1,150.00 %

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)
=	(19.413	+	64.04	+	0.251)	-	(42.374	+	0	+	32.54)
=	8.79

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.138	+	58.498	+	4.807)	-	(72.368	+	0	+	22.585)
=	-17.51

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-33.315	/	136.832
	=	-24.35 %

Anchorstone Holdings EBIT Related Terms

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Anchorstone Holdings (HKSE:01592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anchorstone Holdings Ltd (HKSE:01592) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 On Yiu Street, Unit 1501–1502, 15th floor, Delta House, Shatin New Territories, Hong Kong, HKG

Website

https://www.anchorstone.com.hk

Anchorstone Holdings Ltd is an investment holding company. The company supplies marble and granite and provides relevant installation services for construction projects. It operates in two segments: Supply & installation service and Stone sales. The company offers services for buildings and property, including commercial buildings, residential buildings, hotels, and public infrastructures. The majority of the revenue is generated from the Supply and installation service. Its geographical segments are Hong Kong and Macau, out of which Hong Kong accounts for the majority of the revenue.

Executives

Pmg Investments Limited	2101 Beneficial owner
Lui Yue Yun Gary	2201 Interest of corporation controlled by you
Pacific Marble & Granite Holdings (bvi) Ltd.	2201 Interest of corporation controlled by you
Choi Hok Ya	2101 Beneficial owner

Anchorstone Holdings (HKSE:01592) Headlines

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