China Ever Grand Financial Leasing Group Co (HKSE:00379) EBIT : HK$-40.89 Mil (TTM As of Dec. 2023)

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What is China Ever Grand Financial Leasing Group Co EBIT?

China Ever Grand Financial Leasing Group Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-17.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-40.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Ever Grand Financial Leasing Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was -3.35%. China Ever Grand Financial Leasing Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -51.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Ever Grand Financial Leasing Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -84.19%.

China Ever Grand Financial Leasing Group Co EBIT Historical Data

The historical data trend for China Ever Grand Financial Leasing 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.

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China Ever Grand Financial Leasing Group Co EBIT Chart

China Ever Grand Financial Leasing Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-52.76

-342.21

-58.49

-31.02

-40.89

China Ever Grand Financial Leasing Group Co 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															-25.04	-55.07	24.05	-23.51	-17.37

Competitive Comparison of China Ever Grand Financial Leasing Group Co's EBIT

For the Credit Services subindustry, China Ever Grand Financial Leasing 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.

China Ever Grand Financial Leasing Group Co's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Ever Grand Financial Leasing Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Ever Grand Financial Leasing Group Co's EV-to-EBIT falls into.

China Ever Grand Financial Leasing 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-40.89 Mil.

China Ever Grand Financial Leasing Group Co (HKSE:00379) EBIT Explanation

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

China Ever Grand Financial Leasing Group Co'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 )
=	-18.018 * ( 1 - 2.83% )	/	( (617.136	+	429.599)	/ 2 )
=	-17.5080906	/	523.3675
=	-3.35 %

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	))
=	753.755	-	81.568	-	( 163.96	-	max(0, 235.449	-	290.5	+	163.96	))
=	617.136

	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	))
=	502.831	-	40.809	-	( 32.423	-	max(0, 49.888	-	98.707	+	32.423	))
=	429.599

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 Ever Grand Financial Leasing Group Co'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 )
=	-34.748	/	( ( (81.393 + max(-23.741, 0))	+	(54.659 + max(-14.581, 0)) )	/	2 )
=	-34.748	/	( ( 81.393	+	54.659 )	/	2 )
=	-34.748	/	68.026
=	-51.08 %

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)
=	(9.511	+	19.888	+	36.455)	-	(81.568	+	0	+	8.027)
=	-23.741

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.989	+	19.401	+	0.91699999999999)	-	(40.809	+	0	+	9.079)
=	-14.581

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 Ever Grand Financial Leasing Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-40.887	/	48.568
	=	-84.19 %

China Ever Grand Financial Leasing Group Co EBIT Related Terms

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China Ever Grand Financial Leasing Group Co (HKSE:00379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Ever Grand Financial Leasing Group Co Ltd (HKSE:00379) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Tonnochy Road, 22nd Floor, Room 2203, Kwan Chart Tower, Wanchai, Hong Kong, HKG

Website

https://www.egichk.com

China Ever Grand Financial Leasing Group Co Ltd is an investment holding company. The operating segments of the organization are; Financial Leasing Segment includes the provision of finance lease consulting services and financing services, The investment segment includes investment properties in the PRC and Hong Kong, investments in securities, and money lending business in Hong Kong, The trading segment includes the sale of medical, health, and hygiene products, and daily necessities, and Other segment includes the research and development, manufacturing, and sale of food additives, new food ingredients and nutritional enhancers. Geographically, it derives a majority of its revenue from Hong Kong.

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