China Qinfa Group (HKSE:00866) EBIT : HK$587 Mil (TTM As of Dec. 2023)

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What is China Qinfa Group EBIT?

China Qinfa Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$297 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$587 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Qinfa Group's annualized ROC % for the quarter that ended in Dec. 2023 was 2.31%. China Qinfa Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Qinfa Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.15%.

China Qinfa Group EBIT Historical Data

The historical data trend for China Qinfa 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 Qinfa Group EBIT Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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321.05

-4,675.31

5,311.61

1,157.66

587.15

China Qinfa 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															4,522.21	730.82	461.43	290.42	296.73

Competitive Comparison of China Qinfa Group's EBIT

For the Thermal Coal subindustry, China Qinfa 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 Qinfa Group's EV-to-EBIT Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's EV-to-EBIT distribution charts can be found below:

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

China Qinfa 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 HK$587 Mil.

China Qinfa Group (HKSE:00866) EBIT Explanation

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

China Qinfa 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 )
=	724.746 * ( 1 - 68.8% )	/	( (10458.715	+	9155.101)	/ 2 )
=	226.120752	/	9806.908
=	2.31 %

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	))
=	8750.866	-	2473.231	-	( 1237.22	-	max(0, 6718.279	-	2537.199	+	1237.22	))
=	10458.715

	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	))
=	8594.447	-	3075.9	-	( 331.122	-	max(0, 5656.158	-	2019.604	+	331.122	))
=	9155.101

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:

China Qinfa 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 )
=	593.46	/	( ( (6182.053 + max(-2012.914, 0))	+	(6543.856 + max(-2196.441, 0)) )	/	2 )
=	593.46	/	( ( 6182.053	+	6543.856 )	/	2 )
=	593.46	/	6362.9545
=	9.33 %

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)
=	(150.089	+	265.855	+	632.027)	-	(2473.231	+	0	+	587.654)
=	-2012.914

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.906	+	219.9	+	1112.031)	-	(3075.9	+	0	+	524.378)
=	-2196.441

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	587.151	/	5267.181
	=	11.15 %

China Qinfa Group EBIT Related Terms

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China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

Executives

Xu Jihua	2201 Interest of corporation controlled by you
Fortune Pearl International Limited	2101 Beneficial owner
Yang Yuan Jin Tong Wu Liu You Xian Gong Si	2101 Beneficial owner
Xu Jihua	2201 Interest of corporation controlled by you
Fortune Pearl International Limited	2101 Beneficial owner

China Qinfa Group (HKSE:00866) Headlines

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