Chi Kan Holdings (HKSE:09913) EBIT : HK$76 Mil (TTM As of Sep. 2023)

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What is Chi Kan Holdings EBIT?

Chi Kan Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chi Kan Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 21.85%. Chi Kan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2,916.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chi Kan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2.95%.

Chi Kan Holdings EBIT Historical Data

The historical data trend for Chi Kan 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.

Chi Kan Holdings EBIT Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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49.40

50.37

49.95

79.95

75.82

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial						59.86	20.09	37.65	38.17	37.77

Competitive Comparison of Chi Kan Holdings's EBIT

For the Engineering & Construction subindustry, Chi Kan 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.

Chi Kan Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings's EV-to-EBIT falls into.

Chi Kan 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$76 Mil.

Chi Kan Holdings (HKSE:09913) EBIT Explanation

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

Chi Kan Holdings'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: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	70.382 * ( 1 - 21.56% )	/	( (205.016	+	300.295)	/ 2 )
=	55.2076408	/	252.6555
=	21.85 %

where

	Invested Capital		(Q: Mar. 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	))
=	711.545	-	187.699	-	( 318.83	-	max(0, 254.966	-	706.766	+	318.83	))
=	205.016

	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	))
=	624.537	-	93.718	-	( 230.524	-	max(0, 154.156	-	620.73	+	230.524	))
=	300.295

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Chi Kan Holdings'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: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	75.544	/	( ( (2.957 + max(-15.559, 0))	+	(2.224 + max(-65.254, 0)) )	/	2 )
=	75.544	/	( ( 2.957	+	2.224 )	/	2 )
=	75.544	/	2.5905
=	2,916.19 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(174.562	+	8.242	+	28.468)	-	(187.699	+	0	+	39.132)
=	-15.559

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.04	+	5.707	+	39.761)	-	(93.718	+	0	+	29.044)
=	-65.254

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Chi Kan Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	75.945	/	2571.104
	=	2.95 %

Chi Kan Holdings EBIT Related Terms

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Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

Executives

Ct Vision Strategic Company Limited	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Magnificent Faith Limited	2101 Beneficial owner
Li Qiang	2201 Interest of corporation controlled by you
Zhongchuang Boli (hong Kong) Co., Ltd.	2101 Beneficial owner
Chan May Kiu	2202 Interest of your spouse
Lo Hon Kwong	2201 Interest of corporation controlled by you
Zhong Chuang Bo Li Ke Ji Kong Gu You Xian Gong Si	2101 Beneficial owner

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