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Tsit Wing International Holdings (HKSE:02119) EBIT : HK$60.0 Mil (TTM As of Dec. 2023)


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What is Tsit Wing International Holdings EBIT?

Tsit Wing International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$33.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$60.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsit Wing International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 12.70%. Tsit Wing International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tsit Wing International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.54%.


Tsit Wing International Holdings EBIT Historical Data

The historical data trend for Tsit Wing 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.

Tsit Wing International Holdings EBIT Chart

Tsit Wing International Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 114.79 93.22 101.46 58.13 60.04

Tsit Wing International Holdings Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.61 26.59 31.54 27.02 33.02

Competitive Comparison of Tsit Wing International Holdings's EBIT

For the Beverages - Non-Alcoholic subindustry, Tsit Wing 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.


Tsit Wing International Holdings's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's EV-to-EBIT distribution charts can be found below:

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



Tsit Wing 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$60.0 Mil.

* 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.


Tsit Wing International Holdings  (HKSE:02119) EBIT Explanation

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

Tsit Wing International 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 )
=63.91 * ( 1 - 17.96% )/( (413.992 + 411.583)/ 2 )
=52.431764/412.7875
=12.70 %

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))
=698.384 - 58.517 - ( 225.875 - max(0, 109.582 - 481.539+225.875))
=413.992

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))
=735.117 - 69.782 - ( 253.752 - max(0, 125.926 - 517.463+253.752))
=411.583

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:

Tsit Wing International 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 )
=66.038/( ( (212.794 + max(145.956, 0)) + (213.335 + max(140.212, 0)) )/ 2 )
=66.038/( ( 358.75 + 353.547 )/ 2 )
=66.038/356.1485
=18.54 %

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)
=(100.235 + 135.622 + 2.936) - (58.517 + 0 + 34.32)
=145.956

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.169 + 131.502 + 4.904) - (69.782 + 0 + 41.581)
=140.212

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=60.038/196.567
=30.54 %

* 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.


Tsit Wing International Holdings EBIT Related Terms

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Tsit Wing International Holdings (HKSE:02119) Business Description

Traded in Other Exchanges
N/A
Address
15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG
Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.
Executives
Hero Asia Company Limited 2101 Beneficial owner
Li Ying Wah Irene 2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited 2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited 2101 Beneficial owner
Citic Group Corporation 2201 Interest of corporation controlled by you
Citic Limited 2201 Interest of corporation controlled by you

Tsit Wing International Holdings (HKSE:02119) Headlines

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