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Greater China Financial Holdings (HKSE:00431) EBIT : HK$-535.33 Mil (TTM As of Dec. 2023)


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What is Greater China Financial Holdings EBIT?

Greater China Financial Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-469.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-535.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greater China Financial Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -21.17%. Greater China Financial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,302.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Greater China Financial Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -49.51%.


Greater China Financial Holdings EBIT Historical Data

The historical data trend for Greater China Financial 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.

Greater China Financial Holdings EBIT Chart

Greater China Financial 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 -209.05 -287.03 -196.44 -347.15 -535.33

Greater China Financial 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 -129.55 -73.13 -274.01 -66.00 -469.34

Competitive Comparison of Greater China Financial Holdings's EBIT

For the Credit Services subindustry, Greater China Financial 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.


Greater China Financial Holdings's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Greater China Financial Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Greater China Financial Holdings's EV-to-EBIT falls into.



Greater China Financial 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$-535.33 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.


Greater China Financial Holdings  (HKSE:00431) EBIT Explanation

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

Greater China Financial 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 )
=-169.07 * ( 1 - -7.75% )/( (879.706 + 841.53)/ 2 )
=-182.172925/860.618
=-21.17 %

where

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))
=417.127 - 126.549 - ( 35.363 - max(0, 699.017 - 148.065+35.363))
=841.53

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:

Greater China Financial 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 )
=-938.67/( ( (73.584 + max(-372.98, 0)) + (70.513 + max(-556.582, 0)) )/ 2 )
=-938.67/( ( 73.584 + 70.513 )/ 2 )
=-938.67/72.0485
=-1,302.83 %

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)
=(98 + 0 + 26.432) - (105.785 + 0 + 391.627)
=-372.98

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.318 + 0 + 14.436) - (126.549 + 0 + 447.787)
=-556.582

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:

Greater China Financial Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-535.33/1081.264
=-49.51 %

* 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.


Greater China Financial Holdings EBIT Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Traded in Other Exchanges
N/A
Address
1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG
Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.
Executives
Liu Kequan 2101 Beneficial owner
Chen Zheng 2201 Interest of corporation controlled by you
Skill Rich Limited 2101 Beneficial owner
Chu Lam Yiu 2101 Beneficial owner
Eastern Spring Global Limited 2101 Beneficial owner
Yang Dayong
Greater China Financial Holdings Limited 2201 Interest of corporation controlled by you
Harmonic Edge Limited 2106 Person having a security interest in shares
Liang Miaoxin 2202 Interest of your spouse

Greater China Financial Holdings (HKSE:00431) Headlines

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