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Far East Horizon (HKSE:03360) EBIT : HK$9,892 Mil (TTM As of Dec. 2023)


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What is Far East Horizon EBIT?

Far East Horizon's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$3,852 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$9,892 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far East Horizon's annualized ROC % for the quarter that ended in Dec. 2023 was 1.61%. Far East Horizon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Far East Horizon's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.47%.


Far East Horizon EBIT Historical Data

The historical data trend for Far East Horizon'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.

Far East Horizon EBIT Chart

Far East Horizon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,462.98 9,631.31 12,305.97 11,496.62 9,892.04

Far East Horizon Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 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 6,682.44 5,997.46 5,783.03 6,040.36 3,851.69

Competitive Comparison of Far East Horizon's EBIT

For the Credit Services subindustry, Far East Horizon'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.


Far East Horizon's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Far East Horizon's EV-to-EBIT falls into.



Far East Horizon 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$9,892 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.


Far East Horizon  (HKSE:03360) EBIT Explanation

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

Far East Horizon'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 )
=8786.022 * ( 1 - 36.93% )/( (355192.719 + 334884.057)/ 2 )
=5541.3440754/345038.388
=1.61 %

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))
=395251.657 - 26105.558 - ( 26014.876 - max(0, 194074.273 - 208027.653+26014.876))
=355192.719

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))
=384444.942 - 25416.05 - ( 24144.835 - max(0, 171822.294 - 217389.785+24144.835))
=334884.057

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:

Far East Horizon'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 )
=7703.382/( ( (28769.045 + max(152114.66, 0)) + (28330.57 + max(-24417.583, 0)) )/ 2 )
=7703.382/( ( 180883.705 + 28330.57 )/ 2 )
=7703.382/104607.1375
=7.36 %

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)
=(173435.661 + 488.842 + 4298.295) - (26105.558 + 0 + 2.5799999999872)
=152114.66

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 448.1 + 1844.437) - (25416.05 + 0 + 1294.07)
=-24417.583

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:

Far East Horizon's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=9892.049/284881.111
=3.47 %

* 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.


Far East Horizon EBIT Related Terms

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Far East Horizon (HKSE:03360) Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG
Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Kong Fanxing 2101 Beneficial owner
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
Cathay Financial Holding Co., Ltd. 2101 Beneficial owner
Zhong Hua Zi Ben Tou Zi Guan Li Xiang Gang You Xian Gong Si 2101 Beneficial owner
Idea Prosperous Limited 2501 Other
Cantrust (far East) Limited
Gold Stone Enterprise Limited
Wolhardt Julian Juul 2201 Interest of corporation controlled by you
Capital Rise Limited 2101 Beneficial owner
Dcp, Ltd. 2201 Interest of corporation controlled by you
Dcp General Partner, Ltd 2201 Interest of corporation controlled by you
Dcp Capital Partners, L.p. 2201 Interest of corporation controlled by you
Capital Bridge Limited 2201 Interest of corporation controlled by you

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