King Wan (SGX:554) EBIT : S$4.26 Mil (TTM As of Sep. 2023)

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What is King Wan EBIT?

King Wan's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was S$3.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was S$4.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. King Wan's annualized ROC % for the quarter that ended in Sep. 2023 was 8.00%. King Wan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 196.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. King Wan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 18.56%.

King Wan EBIT Historical Data

The historical data trend for King Wan'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.

King Wan EBIT Chart

King Wan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

4.50

2.74

-0.46

1.21

-4.33

King Wan 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															0.95	0.26	-4.88	0.55	3.71

Competitive Comparison of King Wan's EBIT

For the Engineering & Construction subindustry, King Wan'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.

King Wan's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, King Wan's EV-to-EBIT distribution charts can be found below:

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

King Wan 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 S$4.26 Mil.

King Wan (SGX:554) EBIT Explanation

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

King Wan'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 )
=	6.454 * ( 1 - -6.59% )	/	( (85.374	+	86.582)	/ 2 )
=	6.8793186	/	85.978
=	8.00 %

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	))
=	127.042	-	48.022	-	( 11.109	-	max(0, 62.744	-	56.39	+	11.109	))
=	85.374

	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	))
=	110.955	-	31.769	-	( 9.104	-	max(0, 47.655	-	40.259	+	9.104	))
=	86.582

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:

King Wan'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 )
=	7.428	/	( ( (4.013 + max(-40.658, 0))	+	(3.561 + max(-29.026, 0)) )	/	2 )
=	7.428	/	( ( 4.013	+	3.561 )	/	2 )
=	7.428	/	3.787
=	196.14 %

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)
=	(11.824	+	1.052	+	0.323)	-	(48.022	+	0	+	5.835)
=	-40.658

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.942	+	0.854	+	0.42400000000001)	-	(31.769	+	0	+	7.477)
=	-29.026

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:

King Wan's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	4.264	/	22.979
	=	18.56 %

King Wan EBIT Related Terms

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King Wan (SGX:554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » King Wan Corp Ltd (SGX:554) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sungei Kadut Loop, Singapore, SGP, 729455

Website

https://www.kingwan.com

King Wan Corp Ltd engages in the provision of mechanical and electrical engineering services for the building and construction industry. It operates in five segments. The Plumbing and Sanitary segment provides services comprising the design and installation of water distribution systems and pipe networks for sewage and wastewater drainage. The electrical segment focuses on the electrical engineering services that design and install electricity distribution systems, fire protection, alarm systems, and security systems. The toilet rental segment consists of the rental and operation of mobile lavatories. The investment holding segment consists of investments in associates and joint ventures. Others segment involves other activities that do not fall into the activities of the other segments.

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