Asia Strategic Holdings (LSE:ASIA) EBIT : $-4.27 Mil (TTM As of Sep. 2023)

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What is Asia Strategic Holdings EBIT?

Asia Strategic Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $-2.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Strategic Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was -15.91%. Asia Strategic Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -36.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Strategic Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -13.63%.

Asia Strategic Holdings EBIT Historical Data

The historical data trend for Asia Strategic 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.

Asia Strategic Holdings EBIT Chart

Asia Strategic Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Sep21

Sep22

Sep23

EBIT

Get a 7-Day Free Trial

-1.93

-2.57

-4.96

-5.09

-4.27

Asia Strategic Holdings Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial										-2.45	-2.08	-3.01	-1.81	-2.46

Competitive Comparison of Asia Strategic Holdings's EBIT

For the Education & Training Services subindustry, Asia Strategic 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.

Asia Strategic Holdings's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Asia Strategic Holdings's EV-to-EBIT distribution charts can be found below:

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

Asia Strategic 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 $-4.27 Mil.

Asia Strategic Holdings (LSE:ASIA) EBIT Explanation

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

Asia Strategic 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 )
=	-5.768 * ( 1 - -2.23% )	/	( (36.192	+	37.956)	/ 2 )
=	-5.8966264	/	37.074
=	-15.91 %

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	))
=	24.327	-	1.306	-	( 1.354	-	max(0, 16.738	-	3.567	+	1.354	))
=	36.192

	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	))
=	27.007	-	3.953	-	( 1.49	-	max(0, 19.096	-	4.194	+	1.49	))
=	37.956

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:

Asia Strategic 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 )
=	-4.924	/	( ( (12.47 + max(-12.362, 0))	+	(14.23 + max(-14.155, 0)) )	/	2 )
=	-4.924	/	( ( 12.47	+	14.23 )	/	2 )
=	-4.924	/	13.35
=	-36.88 %

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)
=	(0.617	+	0.185	+	1.33)	-	(1.306	+	0	+	13.188)
=	-12.362

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.654	+	0.222	+	1.813)	-	(3.953	+	0	+	12.891)
=	-14.155

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-4.273	/	31.340
	=	-13.63 %

Asia Strategic Holdings EBIT Related Terms

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Asia Strategic Holdings (LSE:ASIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Asia Strategic Holdings Ltd (LSE:ASIA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Raffles Place, No. 32-01, UOB Plaza 1, Singapore, SGP, 048624

Website

http://www.asia-strategic.com

Asia Strategic Holdings Ltd is an investment-based company. The company's operating segments are Education; Services and Others. It generates maximum revenue from the Education segment. Education segment includes operation of education businesses ranging from early years to tertiary education and including vocational training, consultancy, advisory and project management services in the education sector in Myanmar and in Vietnam. Geographically, it derives a majority of revenue from Myanmar.