CASH Financial Services Group (STU:CFN) EBIT : €-9.37 Mil (TTM As of Dec. 2023)

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What is CASH Financial Services Group EBIT?

CASH Financial Services Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-7.44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-9.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CASH Financial Services Group's annualized ROC % for the quarter that ended in Dec. 2023 was -14.18%. CASH Financial Services Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -192.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CASH Financial Services Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -159.48%.

CASH Financial Services Group EBIT Historical Data

The historical data trend for CASH Financial Services 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.

CASH Financial Services Group EBIT Chart

CASH Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-12.71

-2.98

-5.23

-5.57

-9.37

CASH Financial Services 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															-3.64	-2.21	-3.35	-1.94	-7.44

Competitive Comparison of CASH Financial Services Group's EBIT

For the Capital Markets subindustry, CASH Financial Services 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.

CASH Financial Services Group's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CASH Financial Services Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CASH Financial Services Group's EV-to-EBIT falls into.

CASH Financial Services 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 €-9.37 Mil.

CASH Financial Services Group (STU:CFN) EBIT Explanation

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

CASH Financial Services 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 )
=	-4.168 * ( 1 - -3.54% )	/	( (34.721	+	26.161)	/ 2 )
=	-4.3155472	/	30.441
=	-14.18 %

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	))
=	119.571	-	56.35	-	( 28.928	-	max(0, 80.775	-	109.275	+	28.928	))
=	34.721

	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	))
=	102.047	-	53.491	-	( 22.395	-	max(0, 69.679	-	94.782	+	22.395	))
=	26.161

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:

CASH Financial Services 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 )
=	-14.87	/	( ( (3.002 + max(8.416, 0))	+	(2.413 + max(1.595, 0)) )	/	2 )
=	-14.87	/	( ( 11.418	+	4.008 )	/	2 )
=	-14.87	/	7.713
=	-192.79 %

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)
=	(23.262	+	0	+	46.977)	-	(56.35	+	0	+	5.473)
=	8.416

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.119	+	0	+	41.314)	-	(53.491	+	0	+	1.347)
=	1.595

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:

CASH Financial Services Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-9.374	/	5.878
	=	-159.48 %

CASH Financial Services Group EBIT Related Terms

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CASH Financial Services Group (STU:CFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CASH Financial Services Group Ltd (STU:CFN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

00510:Hong Kong

Address

23 Wang Tai Road, 22nd Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cfsg.com.hk

CASH Financial Services Group Ltd states itself as a financial services conglomerate in China which provides mobile and premium trading, investment banking, algo trading and corporate finance advisory, wealth and asset management, alternative trading, and various other products and services. The company has two reportable segments namely Financial services (including broking, investment banking, asset management and wealth management services) and Proprietary trading activities for the purposes of resource allocation and performance assessment. It generates maximum revenue from Financial services segment. Geographically, it derives a majority of revenue from Hong Kong.

CASH Financial Services Group (STU:CFN) Headlines

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