GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (HKSE:06638) » Definitions » EBIT

OneConnect Financial Technology Co (HKSE:06638) EBIT : HK$-355 Mil (TTM As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is OneConnect Financial Technology Co EBIT?

OneConnect Financial Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was HK$-61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-355 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OneConnect Financial Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -4.35%. OneConnect Financial Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -252.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. OneConnect Financial Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 29.37%.


OneConnect Financial Technology Co EBIT Historical Data

The historical data trend for OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co EBIT Chart

OneConnect Financial Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -1,769.01 -1,661.51 -1,674.91 -1,066.47 -374.27

OneConnect Financial Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -82.41 -119.91 -96.91 -77.02 -60.84

Competitive Comparison of OneConnect Financial Technology Co's EBIT

For the Software - Application subindustry, OneConnect Financial Technology Co'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.


OneConnect Financial Technology Co's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's EV-to-EBIT falls into.



OneConnect Financial Technology Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-355 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.


OneConnect Financial Technology Co  (HKSE:06638) EBIT Explanation

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

OneConnect Financial Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-228.808 * ( 1 - -0.15% )/( (6203 + 4343.082)/ 2 )
=-229.151212/5273.041
=-4.35 %

where

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))
=8825 - 2309.3 - ( 3457.666 - max(0, 5548.826 - 5861.526+3457.666))
=6203

Invested Capital(Q: Mar. 2024 )
=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))
=8844.304 - 2672.024 - ( 2043.632 - max(0, 5689.56 - 7518.758+2043.632))
=4343.082

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

OneConnect Financial Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-243.368/( ( (93.054 + max(-3880.499, 0)) + (99.739 + max(-1139.597, 0)) )/ 2 )
=-243.368/( ( 93.054 + 99.739 )/ 2 )
=-243.368/96.3965
=-252.47 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(777.315 + 0 + 531.108) - (2309.3 + 2624.825 + 254.797)
=-3880.499

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(977.116 + 0 + 3396.792) - (2672.024 + 170.195 + 2671.286)
=-1139.597

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

OneConnect Financial Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-354.678/-1207.781
=29.37 %

* 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.


OneConnect Financial Technology Co EBIT Related Terms

Thank you for viewing the detailed overview of OneConnect Financial Technology Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


OneConnect Financial Technology Co (HKSE:06638) Business Description

Traded in Other Exchanges
Address
No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN
OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.
Executives
Li Jie 2101 Beneficial owner
Sen Rong Limited 2101 Beneficial owner
Yi Chuan Jin Limited 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
An Ke Technology Company Limited 2201 Interest of corporation controlled by you
Bo Yu Limited 2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd. 2201 Interest of corporation controlled by you
Dou Wenwei 2201 Interest of corporation controlled by you
Rong Chang Limited 2101 Beneficial owner
Wang Wenjun 2201 Interest of corporation controlled by you
Xu Liang 2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

OneConnect Financial Technology Co (HKSE:06638) Headlines

No Headlines