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Ming Fai International Holdings (HKSE:03828) EBIT : HK$150 Mil (TTM As of Dec. 2023)


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What is Ming Fai International Holdings EBIT?

Ming Fai International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$150 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ming Fai International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 10.40%. Ming Fai International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ming Fai International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 78.44%.


Ming Fai International Holdings EBIT Historical Data

The historical data trend for Ming Fai 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.

Ming Fai International Holdings EBIT Chart

Ming Fai International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.86 104.45 -91.98 94.70 150.32

Ming Fai International Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -45.12 39.34 55.36 58.07 92.26

Competitive Comparison of Ming Fai International Holdings's EBIT

For the Household & Personal Products subindustry, Ming Fai 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.


Ming Fai International Holdings's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ming Fai International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ming Fai International Holdings's EV-to-EBIT falls into.



Ming Fai 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$150 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.


Ming Fai International Holdings  (HKSE:03828) EBIT Explanation

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

Ming Fai International Holdings'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 )
=170.48 * ( 1 - 28.56% )/( (1202.349 + 1139.097)/ 2 )
=121.790912/1170.723
=10.40 %

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))
=1803.329 - 235.418 - ( 365.562 - max(0, 643.538 - 1252.077+365.562))
=1202.349

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))
=1965.228 - 451.038 - ( 375.093 - max(0, 748.596 - 1406.916+375.093))
=1139.097

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:

Ming Fai International Holdings'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 )
=184.514/( ( (493.665 + max(427.932, 0)) + (490.296 + max(406.657, 0)) )/ 2 )
=184.514/( ( 921.597 + 896.953 )/ 2 )
=184.514/909.275
=20.29 %

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)
=(640.438 + 255.768 + 61.246) - (235.418 + 0 + 294.102)
=427.932

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(675.435 + 329.086 + 80.76) - (451.038 + 0 + 227.586)
=406.657

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:

Ming Fai International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=150.324/191.635
=78.44 %

* 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.


Ming Fai International Holdings EBIT Related Terms

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Ming Fai International Holdings (HKSE:03828) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Unit D3, 8th Floor, TML Tower, New Territories, Tsuen Wan, HKG
Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and other countries.
Executives
Ching Chi Fai 2101 Beneficial owner
Lo Kit Ling 2202 Interest of your spouse
Webb David Michael 2201 Interest of corporation controlled by you
Preferable Situation Assets Limited 2101 Beneficial owner

Ming Fai International Holdings (HKSE:03828) Headlines

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