Rykadan Capital (HKSE:02288) EBIT : HK$-181.14 Mil (TTM As of Sep. 2023)

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What is Rykadan Capital EBIT?

Rykadan Capital's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-51.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-181.14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rykadan Capital's annualized ROC % for the quarter that ended in Sep. 2023 was -4.59%. Rykadan Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -19.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rykadan Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -71.03%.

Rykadan Capital EBIT Historical Data

The historical data trend for Rykadan Capital'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.

Rykadan Capital EBIT Chart

Rykadan Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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394.74

-65.42

38.12

-32.83

-179.11

Rykadan Capital Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															5.74	-38.58	-49.91	-129.19	-51.95

Competitive Comparison of Rykadan Capital's EBIT

For the Real Estate - Development subindustry, Rykadan Capital'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.

Rykadan Capital's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rykadan Capital's EV-to-EBIT distribution charts can be found below:

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

Rykadan Capital 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$-181.14 Mil.

Rykadan Capital (HKSE:02288) EBIT Explanation

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

Rykadan Capital'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 )
=	-53.838 * ( 1 - -0% )	/	( (1175.486	+	1172.006)	/ 2 )
=	-53.838	/	1173.746
=	-4.59 %

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	))
=	1358.091	-	15.12	-	( 167.485	-	max(0, 232.277	-	698.462	+	167.485	))
=	1175.486

	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	))
=	1313.274	-	13.349	-	( 127.919	-	max(0, 262.083	-	672.319	+	127.919	))
=	1172.006

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:

Rykadan Capital'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 )
=	-103.898	/	( ( (34.808 + max(500.19, 0))	+	(38.55 + max(497.401, 0)) )	/	2 )
=	-103.898	/	( ( 534.998	+	535.951 )	/	2 )
=	-103.898	/	535.4745
=	-19.40 %

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)
=	(27.957	+	2.545	+	485.088)	-	(15.12	+	0	+	0.27999999999997)
=	500.19

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.118	+	0.914	+	487.353)	-	(13.349	+	0	+	0.63500000000005)
=	497.401

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:

Rykadan Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-181.143	/	255.036
	=	-71.03 %

Rykadan Capital EBIT Related Terms

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Rykadan Capital (HKSE:02288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rykadan Capital Ltd (HKSE:02288) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Rooms 2701 and 2801, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.rykadan.com

Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Chan William	2201 Interest of corporation controlled by you
Rykadan Holdings Limited	2201 Interest of corporation controlled by you
Scenemay Holdings Limited	2101 Beneficial owner
Tiger Crown Limited	2401 A concert party to an agreement to buy shares
Li Wing Yin	2201 Interest of corporation controlled by you
Li Chu Kwan	2201 Interest of corporation controlled by you
Ng Tak Kwan

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