GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (OTCPK:CTVIF) » Definitions » EBIT

China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) EBIT : $91.4 Mil (TTM As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is China Travel International Investment Hong Kong EBIT?

China Travel International Investment Hong Kong's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $47.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $91.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Travel International Investment Hong Kong's annualized ROC % for the quarter that ended in Dec. 2023 was 0.52%. China Travel International Investment Hong Kong's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Travel International Investment Hong Kong's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.01%.

China Travel International Investment Hong Kong EBIT Historical Data

The historical data trend for China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong EBIT Chart

China Travel International Investment Hong Kong Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.09 -95.70 1.98 -87.96 91.52

China Travel International Investment Hong Kong 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.94 -59.33 -28.15 43.73 47.66

Competitive Comparison of China Travel International Investment Hong Kong's EBIT

For the Leisure subindustry, China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China Travel International Investment Hong Kong's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Travel International Investment Hong Kong's EV-to-EBIT falls into.


China Travel International Investment Hong Kong 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 $91.4 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 Travel International Investment Hong Kong  (OTCPK:CTVIF) EBIT Explanation

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

China Travel International Investment Hong Kong'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 )
=59.24 * ( 1 - 78.75% )/( (2269.686 + 2561.678)/ 2 )
=12.5885/2415.682
=0.52 %

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))
=3025.187 - 412.841 - ( 342.66 - max(0, 510.015 - 1055.497+342.66))
=2269.686

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))
=3202.955 - 300.245 - ( 341.032 - max(0, 539.093 - 1065.421+341.032))
=2561.678

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 Travel International Investment Hong Kong'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 )
=95.314/( ( (1164.247 + max(159.445, 0)) + (1225.17 + max(307.4, 0)) )/ 2 )
=95.314/( ( 1323.692 + 1532.57 )/ 2 )
=95.314/1428.131
=6.67 %

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)
=(18.824 + 553.402 + 0.060999999999922) - (412.841 + 0 + 0.00099999999997635)
=159.445

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.501 + 573.224 + 82.584) - (300.245 + 0 + 71.664)
=307.4

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 Travel International Investment Hong Kong's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=91.387/913.090
=10.01 %

* 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 Travel International Investment Hong Kong EBIT Related Terms

Thank you for viewing the detailed overview of China Travel International Investment Hong Kong's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (OTCPK:CTVIF) » Definitions » EBIT
Comparable Companies
HKSE:02255 HKSE:01126 HKSE:06858 HKSE:00419 HKSE:00635 HKSE:01086 HKSE:00869 HKSE:01005 HKSE:00413 HKSE:00180 TSE:4661 HKSE:02020 LSE:CCL TSE:7309 TSE:7832 HAS AS HKSE:02331 MAT HKSE:09992
Traded in Other Exchanges
00308:Hong Kong CTI:Germany
Address
78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG
Website
http://www.hkcts.com
China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

China Travel International Investment Hong Kong (China Travel International Investment Hong Kong) Headlines

No Headlines