A8 New Media Group (HKSE:00800) EBIT : HK$32.25 Mil (TTM As of Dec. 2023)

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What is A8 New Media Group EBIT?

A8 New Media Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$8.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$32.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. A8 New Media Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.28%. A8 New Media Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. A8 New Media Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.37%.

A8 New Media Group EBIT Historical Data

The historical data trend for A8 New Media 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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A8 New Media Group EBIT Chart

A8 New Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-65.81

71.08

79.84

41.48

32.25

A8 New Media Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															21.13	45.38	-1.76	23.90	8.35

Competitive Comparison of A8 New Media Group's EBIT

For the Conglomerates subindustry, A8 New Media 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.

A8 New Media Group's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, A8 New Media Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where A8 New Media Group's EV-to-EBIT falls into.

A8 New Media 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 HK$32.25 Mil.

A8 New Media Group (HKSE:00800) EBIT Explanation

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

A8 New Media 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 )
=	23.938 * ( 1 - 86.62% )	/	( (1205.222	+	1077.927)	/ 2 )
=	3.2029044	/	1141.5745
=	0.28 %

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	))
=	1967.22	-	56.247	-	( 745.308	-	max(0, 56.247	-	761.998	+	745.308	))
=	1205.222

	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	))
=	1852.437	-	48.202	-	( 763.08	-	max(0, 54.479	-	780.787	+	763.08	))
=	1077.927

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:

A8 New Media 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 )
=	16.702	/	( ( (134.96 + max(-44.88, 0))	+	(130.558 + max(-36.772, 0)) )	/	2 )
=	16.702	/	( ( 134.96	+	130.558 )	/	2 )
=	16.702	/	132.759
=	12.58 %

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)
=	(10.749	+	0.547	+	0.071000000000026)	-	(56.247	+	0	+	0)
=	-44.88

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.699	+	0.547	+	10.461)	-	(48.202	+	0	+	6.277)
=	-36.772

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:

A8 New Media Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	32.254	/	-311.063
	=	-10.37 %

A8 New Media Group EBIT Related Terms

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A8 New Media Group (HKSE:00800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » A8 New Media Group Ltd (HKSE:00800) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1002 Keyuan Road, 25th Floor, A8 Music Building, Hi-tech Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518054

Website

https://www.a8nmg.com

A8 New Media Group Ltd is an investment holding company. It is organized into business units based on their services and has two reportable operating segments as follows: the cultural business segment engages in the provision of music-based entertainment, film and television production and game-related services in the People's Republic of China, and the Property Investment segment invests in properties for rental and management fee income in the People's Republic of China. Majority of the revenue derives from Property Investment segment.

Executives

Liu Xiaosong	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Prime Century Technology Limited	2101 Beneficial owner
Ever Novel Holdings Limited	2101 Beneficial owner

A8 New Media Group (HKSE:00800) Headlines

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