Shenzhen-ZhongRong Morgan Investment Holding Group Co (Shenzhen-ZhongRong Morgan Investment Holding Group Co) EBIT : $-0.00 Mil (TTM As of Mar. 2017)

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What is Shenzhen-ZhongRong Morgan Investment Holding Group Co EBIT?

Shenzhen-ZhongRong Morgan Investment Holding Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2017 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-0.00 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROC % for the quarter that ended in Mar. 2017 was %. Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen-ZhongRong Morgan Investment Holding Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was -0.20%.

Shenzhen-ZhongRong Morgan Investment Holding Group Co EBIT Historical Data

The historical data trend for Shenzhen-ZhongRong Morgan Investment Holding Group Co'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.

Shenzhen-ZhongRong Morgan Investment Holding Group Co EBIT Chart

Shenzhen-ZhongRong Morgan Investment Holding Group Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

EBIT

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-0.12

-0.02

-0.16

-0.17

Shenzhen-ZhongRong Morgan Investment Holding Group Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
EBIT	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Shenzhen-ZhongRong Morgan Investment Holding Group Co's EBIT

For the Shell Companies subindustry, Shenzhen-ZhongRong Morgan Investment Holding Group Co'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.

Shenzhen-ZhongRong Morgan Investment Holding Group Co's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Shenzhen-ZhongRong Morgan Investment Holding Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shenzhen-ZhongRong Morgan Investment Holding Group Co's EV-to-EBIT falls into.

Shenzhen-ZhongRong Morgan Investment Holding Group Co 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.00 Mil.

Shenzhen-ZhongRong Morgan Investment Holding Group Co (GREY:ZRMG) EBIT Explanation

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

Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	0 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	0	/	0
=	%

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	0	-	0.005	-	( 0	-	max(0, 0.005	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2017 )
=	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	))
=	0	-	0.005	-	( 0	-	max(0, 0.005	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(-0.005, 0))	+	(0 + max(-0.005, 0)) )	/	1 )
=	0	/	( ( 0	+	0 )	/	1 )
=	0	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.005	+	0	+	0)
=	-0.005

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.005	+	0	+	0)
=	-0.005

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

Shenzhen-ZhongRong Morgan Investment Holding Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2017 )
	=	-0.003	/	1.470
	=	-0.20 %

Shenzhen-ZhongRong Morgan Investment Holding Group Co EBIT Related Terms

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Shenzhen-ZhongRong Morgan Investment Holding Group Co (Shenzhen-ZhongRong Morgan Investment Holding Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Shenzhen-ZhongRong Morgan Investment Holding Group Co Ltd (GREY:ZRMG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

136-40 39th Avenue, Suite 6B, Garden Plaza, Flushing, NY, USA, 11354

Website

Shenzhen-ZhongRong Morgan Investment Holding Group Co Ltd is a shell company.

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