China Education Group Holdings (HKSE:00839) EBIT : HK$2,277 Mil (TTM As of Aug. 2023)

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What is China Education Group Holdings EBIT?

China Education Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was HK$832 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was HK$2,277 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Education Group Holdings's annualized ROC % for the quarter that ended in Aug. 2023 was 7.23%. China Education Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 7.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Education Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 15.90%.

China Education Group Holdings EBIT Historical Data

The historical data trend for China Education Group 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 Education Group Holdings EBIT Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

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837.24

919.90

2,010.50

2,627.15

2,191.79

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
EBIT	Get a 7-Day Free Trial												837.75	1,676.98	1,053.40	1,444.79	832.45

Competitive Comparison of China Education Group Holdings's EBIT

For the Education & Training Services subindustry, China Education Group 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 Education Group Holdings's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Education Group Holdings's EV-to-EBIT distribution charts can be found below:

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

China Education Group 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,277 Mil.

China Education Group Holdings (HKSE:00839) EBIT Explanation

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

China Education Group Holdings's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	2669.014 * ( 1 - -2.64% )	/	( (38443.674	+	37353.238)	/ 2 )
=	2739.4759696	/	37898.456
=	7.23 %

where

	Invested Capital		(Q: Feb. 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	))
=	40015.849	-	3078.937	-	( 6670.838	-	max(0, 9477.8	-	7971.038	+	6670.838	))
=	38443.674

	Invested Capital		(Q: Aug. 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	))
=	38603.528	-	2609.63	-	( 6205.025	-	max(0, 8888.075	-	7528.735	+	6205.025	))
=	37353.238

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

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

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

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1664.894	/	( ( (21642.068 + max(-5984.589, 0))	+	(21799.106 + max(-6310.835, 0)) )	/	2 )
=	1664.894	/	( ( 21642.068	+	21799.106 )	/	2 )
=	1664.894	/	21720.587
=	7.67 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.526	+	0	+	736.742)	-	(3078.937	+	0	+	3700.92)
=	-5984.589

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(33.471	+	0	+	804.375)	-	(2609.63	+	0	+	4539.051)
=	-6310.835

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	2277.241	/	14322.557
	=	15.90 %

China Education Group Holdings EBIT Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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