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GuruFocus has detected 3 Warning Signs with China Information Technology Inc $CNIT.
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China Information Technology Inc (NAS:CNIT)
Pre-Tax Income
$-18.47 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. China Information Technology Inc's pretax income for the six months ended in Dec. 2016 was $-11.02 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $-18.47 Mil. China Information Technology Inc's pretax margin was -152.20%.

During the past 12 years, China Information Technology Inc's highest Pretax Margin was 44.59%. The lowest was -216.47%. And the median was -17.25%.


Definition

This is the income that a company earns before paying income taxes.

China Information Technology Inc's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-14.578+-3.407+-0.499+0.017+3.5527136788E-15
=-18.47

China Information Technology Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-8.015+-2.805+-0.199+0.002+0.000999999999999
=-11.02

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China Information Technology Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was $-18.47 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

China Information Technology Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=-11.016/7.238
=-152.20%

During the past 12 years, China Information Technology Inc's highest Pretax Margin was 44.59%. The lowest was -216.47%. And the median was -17.25%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

China Information Technology Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 13.5324.8634.0343.349.37-89.81-119.97-29.09-4.39-18.47

China Information Technology Inc Semi-Annual Data

Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16Dec16
Pretax Income -21.20-68.61-52.58-67.39-1.01-28.08-6.782.39-7.45-11.02
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