Fuxing China Group (SGX:AWK) EBIT : S$0.7 Mil (TTM As of Dec. 2023)

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What is Fuxing China Group EBIT?

Fuxing China Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was S$0.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was S$0.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fuxing China Group's annualized ROC % for the quarter that ended in Dec. 2023 was -2.97%. Fuxing China Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fuxing China Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.64%.

Fuxing China Group EBIT Historical Data

The historical data trend for Fuxing China 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.

* Premium members only.

Fuxing China Group EBIT Chart

Fuxing China Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-5.97

-26.42

12.54

7.60

0.69

Fuxing China 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															10.20	5.20	2.72	0.65	0.04

Competitive Comparison of Fuxing China Group's EBIT

For the Apparel Manufacturing subindustry, Fuxing China 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.

Fuxing China Group's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fuxing China Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fuxing China Group's EV-to-EBIT falls into.

Fuxing China 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 S$0.7 Mil.

Fuxing China Group (SGX:AWK) EBIT Explanation

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

Fuxing China 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 )
=	-2.656 * ( 1 - -36.19% )	/	( (118.558	+	125.299)	/ 2 )
=	-3.6172064	/	121.9285
=	-2.97 %

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	))
=	184.327	-	30.823	-	( 34.946	-	max(0, 72.023	-	112.35	+	34.946	))
=	118.558

	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	))
=	166.378	-	26.101	-	( 14.978	-	max(0, 55.636	-	98.034	+	14.978	))
=	125.299

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:

Fuxing China 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 )
=	0.084	/	( ( (60.254 + max(24.654, 0))	+	(56.148 + max(37.318, 0)) )	/	2 )
=	0.084	/	( ( 84.908	+	93.466 )	/	2 )
=	0.084	/	89.187
=	0.09 %

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)
=	(42.184	+	12.075	+	16.064)	-	(30.823	+	0	+	14.846)
=	24.654

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.758	+	14.984	+	22.925)	-	(26.101	+	0	+	13.248)
=	37.318

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:

Fuxing China Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	0.693	/	9.073
	=	7.64 %

Fuxing China Group EBIT Related Terms

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Fuxing China Group (SGX:AWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fuxing China Group Ltd (SGX:AWK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

3FU1:Germany

Address

Hangbian Industrial Area, Longhu Town, Fujian Province, Jinjiang, CHN, 362241

Website

http://www.3fzipper.com

Fuxing China Group Ltd is an investment holding company. The company has four reportable operating segments: Zippers, Processing, Trading, and Corporate. The zipper segment is further subdivided into Zipper Chains, and Zipper Sliders. The processing segment includes colour dyeing of fabric tapes for zippers, electroplating services for zipper sliders, and manufacturing and sales of dyed yarn. The Trading segment represents the trading of raw materials, including rubber thread, nylon fabric, and nylon yarn. Its geographical segments are China and Hong Kong, of which China accounts for the majority of its revenue.