B & S International Holdings (HKSE:01705) EBIT : HK$34.1 Mil (TTM As of Sep. 2023)

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What is B & S International Holdings EBIT?

B & S International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$22.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$34.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. B & S International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 24.43%. B & S International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 33.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. B & S International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 28.98%.

B & S International Holdings EBIT Historical Data

The historical data trend for B & S International 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.

B & S International Holdings EBIT Chart

B & S International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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20.68

7.78

1.83

4.61

36.13

B & S International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial											9.74	-5.12	24.48	11.65	22.44

Competitive Comparison of B & S International Holdings's EBIT

For the Food Distribution subindustry, B & S International 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.

B & S International Holdings's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, B & S International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where B & S International Holdings's EV-to-EBIT falls into.

B & S International 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$34.1 Mil.

B & S International Holdings (HKSE:01705) EBIT Explanation

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

B & S International 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 )
=	43.458 * ( 1 - 14.18% )	/	( (143.684	+	161.676)	/ 2 )
=	37.2956556	/	152.68
=	24.43 %

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	))
=	267.673	-	47.632	-	( 76.357	-	max(0, 103.111	-	196.51	+	76.357	))
=	143.684

	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	))
=	269.529	-	48.409	-	( 59.444	-	max(0, 85.878	-	198.5	+	59.444	))
=	161.676

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:

B & S International 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 )
=	44.88	/	( ( (51.374 + max(72.521, 0))	+	(51.359 + max(90.411, 0)) )	/	2 )
=	44.88	/	( ( 123.895	+	141.77 )	/	2 )
=	44.88	/	132.8325
=	33.79 %

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)
=	(54.434	+	21.767	+	43.952)	-	(47.632	+	0	+	1.4210854715202E-14)
=	72.521

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(65.86	+	23.929	+	49.031)	-	(48.409	+	0	+	0)
=	90.411

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:

B & S International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	34.089	/	117.630
	=	28.98 %

B & S International Holdings EBIT Related Terms

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B & S International Holdings (HKSE:01705) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » B & S International Holdings Ltd (HKSE:01705) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Ko Fai Road, Yau Tong, Unit 01, 11th Floor, Block A, Ko Fai Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.bandshk.com

B & S International Holdings Ltd is a food and beverage company. The group has two business segments, namely the Distribution business which distributes and markets a diversified portfolio of overseas branded food and beverage products to main retailers such as supermarkets, pharmacies, convenience stores, and department store chains in Hong Kong, and the Retail business. that prepares and sells overseas branded food and beverage products at the company's self-operated retail outlets in Hong Kong. The company earns the majority of its revenue from the Distribution business. Geographically, the company generates revenue from Hong Kong.

Executives

Acac Investment Limited
Ccst Investment Limited
Scsc Holdings Limited
Chan Kam Chuen Andrew
Chan Siu Cheung Stephen
Chau Wing Kong William
Cheung Choi Ngo
Tan Ching Bee
Tin Hau Ling Janny

B & S International Holdings (HKSE:01705) Headlines

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