China Water Affairs Group (HKSE:00855) EBIT : HK$4,544 Mil (TTM As of Sep. 2023)

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What is China Water Affairs Group EBIT?

China Water Affairs Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$2,169 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$4,544 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Water Affairs Group's annualized ROC % for the quarter that ended in Sep. 2023 was 5.49%. China Water Affairs Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 94.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Water Affairs Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 16.87%.

China Water Affairs Group EBIT Historical Data

The historical data trend for China Water Affairs 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.

China Water Affairs Group EBIT Chart

China Water Affairs Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

3,091.24

3,593.72

3,900.20

4,384.30

4,652.52

China Water Affairs Group 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															2,292.18	2,092.12	2,277.22	2,375.30	2,168.70

Competitive Comparison of China Water Affairs Group's EBIT

For the Utilities - Regulated Water subindustry, China Water Affairs 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.

China Water Affairs Group's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Water Affairs Group's EV-to-EBIT distribution charts can be found below:

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

China Water Affairs 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$4,544 Mil.

China Water Affairs Group (HKSE:00855) EBIT Explanation

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

China Water Affairs Group'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 )
=	4068.994 * ( 1 - 23.12% )	/	( (58897.2	+	55045.343)	/ 2 )
=	3128.2425872	/	56971.2715
=	5.49 %

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	))
=	61164.288	-	5559.223	-	( 7638.141	-	max(0, 21178.405	-	17886.27	+	7638.141	))
=	58897.2

	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	))
=	60277.616	-	8981.419	-	( 5759.317	-	max(0, 20914.623	-	17165.477	+	5759.317	))
=	55045.343

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:

China Water Affairs Group'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 )
=	4337.398	/	( ( (4641.118 + max(-7509.031, 0))	+	(4550.553 + max(-7925.796, 0)) )	/	2 )
=	4337.398	/	( ( 4641.118	+	4550.553 )	/	2 )
=	4337.398	/	4595.8355
=	94.38 %

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)
=	(2076.871	+	1885.987	+	1647.998)	-	(5559.223	+	0	+	7560.664)
=	-7509.031

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2435.014	+	615.42	+	3067.926)	-	(8981.419	+	0	+	5062.737)
=	-7925.796

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	4543.997	/	26933.619
	=	16.87 %

China Water Affairs Group EBIT Related Terms

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China Water Affairs Group (HKSE:00855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Water Affairs Group Ltd (HKSE:00855) » Definitions » EBIT

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Traded in Other Exchanges

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Address

18 Harbour Road, Central Plaza, Suite 6408, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinawatergroup.com

China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.

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