MediNet Group (HKSE:08161) EBIT : HK$-27.1 Mil (TTM As of Sep. 2023)

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What is MediNet Group EBIT?

MediNet Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was HK$-1.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-27.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MediNet Group's annualized ROC % for the quarter that ended in Sep. 2023 was 22.94%. MediNet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -39.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MediNet Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -207.57%.

MediNet Group EBIT Historical Data

The historical data trend for MediNet Group'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.

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MediNet Group EBIT Chart

MediNet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

-12.31

-13.43

5.58

-6.09

-24.90

MediNet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.09	-5.04	-19.99	-0.87	-1.15

Competitive Comparison of MediNet Group's EBIT

For the Medical Care Facilities subindustry, MediNet Group'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.

MediNet Group's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MediNet Group's EV-to-EBIT distribution charts can be found below:

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

MediNet Group 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 quarterly data reported by the company within the most recent 12 months, which was HK$-27.1 Mil.

MediNet Group (HKSE:08161) EBIT Explanation

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

MediNet Group'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: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	9.368 * ( 1 - 0.68% )	/	( (0	+	40.557)	/ 1 )
=	9.3042976	/	40.557
=	22.94 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	48.798	-	13.021	-	( 19.946	-	max(0, 36.801	-	32.021	+	19.946	))
=	40.557

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

MediNet Group'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: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.612	/	( ( (0 + max(0, 0))	+	(11.734 + max(-11.965, 0)) )	/	1 )
=	-4.612	/	( ( 0	+	11.734 )	/	1 )
=	-4.612	/	11.734
=	-39.30 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.054	+	0.527	+	2.983)	-	(13.021	+	0	+	9.508)
=	-11.965

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

MediNet Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-27.051	/	13.032
	=	-207.57 %

MediNet Group EBIT Related Terms

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MediNet Group (HKSE:08161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.

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