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WANG & LEE Group (WANG & LEE Group) EBIT : $-0.59 Mil (TTM As of Dec. 2023)


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What is WANG & LEE Group EBIT?

WANG & LEE Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.59 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WANG & LEE Group's annualized ROC % for the quarter that ended in Dec. 2023 was 63.90%. WANG & LEE Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 495.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WANG & LEE Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.31%.

WANG & LEE Group EBIT Historical Data

The historical data trend for WANG & LEE 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.

* Premium members only.

WANG & LEE Group EBIT Chart

WANG & LEE Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
0.33 -0.34 -0.56 -0.59

WANG & LEE Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial -0.46 -0.23 -0.33 -1.60 1.01

Competitive Comparison of WANG & LEE Group's EBIT

For the Engineering & Construction subindustry, WANG & LEE 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.

WANG & LEE Group's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's EV-to-EBIT distribution charts can be found below:

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


WANG & LEE 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.59 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.

WANG & LEE Group  (NAS:WLGS) EBIT Explanation

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

WANG & LEE Group'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 )
=1.74 * ( 1 - 0% )/( (1.701 + 3.745)/ 2 )
=1.74/2.723
=63.90 %

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))
=9.6 - 2.854 - ( 7.416 - max(0, 4.299 - 9.344+7.416))
=1.701

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))
=11.791 - 2.836 - ( 5.21 - max(0, 5.105 - 11.298+5.21))
=3.745

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:

WANG & LEE Group'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 )
=2.024/( ( (0.073 + max(-3.247, 0)) + (0.272 + max(0.472, 0)) )/ 2 )
=2.024/( ( 0.073 + 0.744 )/ 2 )
=2.024/0.4085
=495.47 %

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)
=(0.346 + 0 + 0.127) - (2.854 + 0.866 + 8.8817841970013E-16)
=-3.247

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.115 + 0 + 0.189) - (2.836 + 0.997 + -0.00099999999999945)
=0.472

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-0.587/5.192
=-11.31 %

* 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.

WANG & LEE Group EBIT Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » EBIT
Comparable Companies
GRHI ENG DLOC RELT WLMSQ XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN XKRX:028260 SHSE:601669 HKSE:03996 ACM EME
Traded in Other Exchanges
N/A
Address
3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG
Website
http://www.wangnlee.com.hk
WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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