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China Renaissance Holdings (HKSE:01911) EBIT : HK$-43.4 Mil (TTM As of Jun. 2023)


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What is China Renaissance Holdings EBIT?

China Renaissance Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$-43.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-43.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Renaissance Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was 7.63%. China Renaissance Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -47.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Renaissance Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -4.34%.


China Renaissance Holdings EBIT Historical Data

The historical data trend for China Renaissance 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.

China Renaissance Holdings EBIT Chart

China Renaissance Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial -1,678.91 439.28 1,390.71 2,410.22 -

China Renaissance Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
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 822.98 1,810.28 575.34 -83.17 -43.44

Competitive Comparison of China Renaissance Holdings's EBIT

For the Capital Markets subindustry, China Renaissance 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.


China Renaissance Holdings's EV-to-EBIT Distribution in the Capital Markets Industry

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

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



China Renaissance 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-43.4 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.


China Renaissance Holdings  (HKSE:01911) EBIT Explanation

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

China Renaissance Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=328.614 * ( 1 - -64.08% )/( (7068.287 + 0)/ 1 )
=539.1898512/7068.287
=7.63 %

where

Invested Capital(Q: Jun. 2022 )
=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))
=16942.241 - 4032.626 - ( 6756.012 - max(0, 5715.95 - 11557.278+6756.012))
=7068.287

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

China Renaissance Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-86.876/( ( (183.063 + max(-1085.452, 0)) + (0 + max(0, 0)) )/ 1 )
=-86.876/( ( 183.063 + 0 )/ 1 )
=-86.876/183.063
=-47.46 %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(774.913 + 0 + 2361.2) - (4032.626 + 0 + 188.939)
=-1085.452

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-43.438/1001.177
=-4.34 %

* 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.


China Renaissance Holdings EBIT Related Terms

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China Renaissance Holdings (HKSE:01911) Business Description

Traded in Other Exchanges
Address
No.2A Workers’ Stadium North Road, Pacific Century Place, Gate 1, Space 8, Chaoyang District, Beijing, CHN, 100027
China Renaissance Holdings Ltd is an investment banking and investment management company that combines private placement advisory, Merger and Acquisition advisory, securities underwriting, research, sales and trading, investment management, and other financial services. Its segments include Investment Banking, Investment Management, CR Securities, and Others. The company generates maximum revenue from the Investment Management segment.
Executives
Bao Fan
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Cr Partners Limited
Fbh Partners Limited
Li Shujun 2201 Interest of corporation controlled by you
Chengwei Evergreen Management, Llc 2201 Interest of corporation controlled by you
Cw Renaissance Holdings Limited 2101 Beneficial owner
Chengwei Capital Hk Limited 2201 Interest of corporation controlled by you
Chengwei Evergreen Capital, Lp 2201 Interest of corporation controlled by you
Renaissance Greenhouse Hk Limited 2101 Beneficial owner
Infiniti Trust (hong Kong) Limited 2301 Trustee
Sky Allies Development Limited 2306 Nominee for another person

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