Wah Sun Handbags International Holdings (HKSE:02683) EBIT : HK$31.1 Mil (TTM As of Sep. 2023)

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What is Wah Sun Handbags International Holdings EBIT?

Wah Sun Handbags International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$27.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$31.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wah Sun Handbags International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 20.50%. Wah Sun Handbags International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 38.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wah Sun Handbags International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 53.32%.

Wah Sun Handbags International Holdings EBIT Historical Data

The historical data trend for Wah Sun Handbags International 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.

Wah Sun Handbags International Holdings EBIT Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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49.57

19.63

11.45

54.49

12.91

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial											23.12	31.37	8.83	4.08	27.05

Competitive Comparison of Wah Sun Handbags International Holdings's EBIT

For the Footwear & Accessories subindustry, Wah Sun Handbags International 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.

Wah Sun Handbags International Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wah Sun Handbags International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wah Sun Handbags International Holdings's EV-to-EBIT falls into.

Wah Sun Handbags International 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$31.1 Mil.

Wah Sun Handbags International Holdings (HKSE:02683) EBIT Explanation

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

Wah Sun Handbags International 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 )
=	42.992 * ( 1 - 17.25% )	/	( (185.716	+	161.291)	/ 2 )
=	35.57588	/	173.5035
=	20.50 %

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	))
=	382.377	-	93.618	-	( 103.043	-	max(0, 117.401	-	305.946	+	103.043	))
=	185.716

	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	))
=	412.378	-	103.559	-	( 147.528	-	max(0, 132.788	-	339	+	147.528	))
=	161.291

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:

Wah Sun Handbags International 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 )
=	54.106	/	( ( (66.513 + max(87.371, 0))	+	(64.201 + max(60.908, 0)) )	/	2 )
=	54.106	/	( ( 153.884	+	125.109 )	/	2 )
=	54.106	/	139.4965
=	38.79 %

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)
=	(36.393	+	128.585	+	36.386)	-	(93.618	+	0	+	20.375)
=	87.371

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(69.619	+	84.746	+	35.916)	-	(103.559	+	0	+	25.814)
=	60.908

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:

Wah Sun Handbags International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	31.131	/	58.382
	=	53.32 %

Wah Sun Handbags International Holdings EBIT Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

Executives

Wah Sun International Holdings Limited	2101 Beneficial owner
Chan Sim Kuen	2202 Interest of your spouse
Ma Hing Man	2201 Interest of corporation controlled by you
Ma Hing Ming	2201 Interest of corporation controlled by you
Ma Lan Chu	2201 Interest of corporation controlled by you
Ma Lan Heung	2201 Interest of corporation controlled by you
Ma Yum Chee	2201 Interest of corporation controlled by you
Wu Yu Ling	2202 Interest of your spouse
Yung Ngan Sim	2202 Interest of your spouse

Wah Sun Handbags International Holdings (HKSE:02683) Headlines

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