Maoyan Entertainment (HKSE:01896) EBIT : HK$1,267 Mil (TTM As of Dec. 2023)

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What is Maoyan Entertainment EBIT?

Maoyan Entertainment's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$673 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,267 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maoyan Entertainment's annualized ROC % for the quarter that ended in Dec. 2023 was 18.47%. Maoyan Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2,230.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maoyan Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.08%.

Maoyan Entertainment EBIT Historical Data

The historical data trend for Maoyan Entertainment'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.

Maoyan Entertainment EBIT Chart

Maoyan Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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783.72

-700.34

693.21

221.59

1,267.47

Maoyan Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial										50.30	232.67	-0.07	594.72	672.75

Competitive Comparison of Maoyan Entertainment's EBIT

For the Internet Content & Information subindustry, Maoyan Entertainment'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.

Maoyan Entertainment's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Maoyan Entertainment's EV-to-EBIT distribution charts can be found below:

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

Maoyan Entertainment 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$1,267 Mil.

Maoyan Entertainment (HKSE:01896) EBIT Explanation

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

Maoyan Entertainment'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 )
=	1415.798 * ( 1 - 18.08% )	/	( (6261.873	+	6300.301)	/ 2 )
=	1159.8217216	/	6281.087
=	18.47 %

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	))
=	13690.915	-	3956.484	-	( 3892.196	-	max(0, 4106.063	-	7578.621	+	3892.196	))
=	6261.873

	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	))
=	13716.092	-	3398.091	-	( 4047.68	-	max(0, 3718.332	-	7736.032	+	4047.68	))
=	6300.301

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:

Maoyan Entertainment'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 )
=	1345.504	/	( ( (60.047 + max(-3135.913, 0))	+	(60.619 + max(-2543.584, 0)) )	/	2 )
=	1345.504	/	( ( 60.047	+	60.619 )	/	2 )
=	1345.504	/	60.333
=	2,230.13 %

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)
=	(531.988	+	20.676	+	290.735)	-	(3956.484	+	0	+	22.828)
=	-3135.913

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(817.863	+	43.129	+	21.973000000001)	-	(3398.091	+	0	+	28.458)
=	-2543.584

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:

Maoyan Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1267.471	/	7420.673
	=	17.08 %

Maoyan Entertainment EBIT Related Terms

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Maoyan Entertainment (HKSE:01896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Maoyan Entertainment (HKSE:01896) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

9ME:Germany

Address

No. 11 Hepingli East Street, No. 3 Building, Yonghe Hangxing Garden, Dongcheng District, Beijing, CHN

Website

https://www.maoyan.com

Maoyan Entertainment is a China-based company which mainly operates an innovative Internet-empowered entertainment service platform. The company operates in three segments. The Online Entertainment Ticketing Services segment offers online ticketing services for comprehensive entertainment formats, such as movies and entertainment events. The Entertainment Content Services segment operates an integrated platform to provide entertainment content services, ranging from distribution, and promotion to production, for various entertainment formats including movies, TV series, variety shows, and entertainment events. The Advertising Services and Others segment serves advertisers in both the entertainment industry and other industries including automobile, electronics, and consumer products.

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