Miricor Enterprises Holdings (HKSE:01827) EBIT : HK$-40.3 Mil (TTM As of Sep. 2023)

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What is Miricor Enterprises Holdings EBIT?

Miricor Enterprises Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-14.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-40.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Miricor Enterprises Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was -5.30%. Miricor Enterprises Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -13.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Miricor Enterprises Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -8.01%.

Miricor Enterprises Holdings EBIT Historical Data

The historical data trend for Miricor Enterprises 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.

Miricor Enterprises Holdings EBIT Chart

Miricor Enterprises Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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26.39

17.88

-14.37

34.23

-20.21

Miricor Enterprises Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial												61.74	-27.52	6.05	-26.26	-14.08

Competitive Comparison of Miricor Enterprises Holdings's EBIT

For the Personal Services subindustry, Miricor Enterprises 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.

Miricor Enterprises Holdings's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Miricor Enterprises Holdings's EV-to-EBIT distribution charts can be found below:

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

Miricor Enterprises 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$-40.3 Mil.

Miricor Enterprises Holdings (HKSE:01827) EBIT Explanation

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

Miricor Enterprises 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 )
=	-33.6 * ( 1 - 21.55% )	/	( (492.786	+	501.463)	/ 2 )
=	-26.3592	/	497.1245
=	-5.30 %

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	))
=	516.811	-	37.261	-	( 116.911	-	max(0, 286.565	-	273.329	+	116.911	))
=	492.786

	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	))
=	513.039	-	36.345	-	( 97.784	-	max(0, 297.722	-	272.953	+	97.784	))
=	501.463

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:

Miricor Enterprises 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 )
=	-28.152	/	( ( (210.379 + max(-100.523, 0))	+	(192.516 + max(-106.884, 0)) )	/	2 )
=	-28.152	/	( ( 210.379	+	192.516 )	/	2 )
=	-28.152	/	201.4475
=	-13.97 %

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)
=	(18.077	+	38.194	+	66.134)	-	(37.261	+	0	+	185.667)
=	-100.523

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.271	+	46.192	+	66.152)	-	(36.345	+	0	+	202.154)
=	-106.884

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-40.335	/	503.527
	=	-8.01 %

Miricor Enterprises Holdings EBIT Related Terms

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Miricor Enterprises Holdings (HKSE:01827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Miricor Enterprises Holdings Ltd (HKSE:01827) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road Central, 18th Floor, Nan Fung Tower, Central, Hong Kong, HKG

Website

http://www.miricor.com

Miricor Enterprises Holdings Ltd is an investment holding company. The company is engaged in the provision of medical aesthetic services and the sale of skin care products. The company's only operating segment is the non-surgical medical aesthetic services and is principally engaged in the provision of medical aesthetic services and the sale of skin care products in Hong Kong and Mainland China. Geographically, it operates and derives revenue from Hong Kong.

Executives

Meitu, Inc.	2101 Beneficial owner
Sunny Bright Group Holdings Limited	2101 Beneficial owner
Lai Ka Yee Gigi	2201 Interest of corporation controlled by you
Ma Ting Keung Patrick	2201 Interest of corporation controlled by you

Miricor Enterprises Holdings (HKSE:01827) Headlines

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