China Display Optoelectronics Technology Holdings (FRA:PJJ1) EBIT : €2.4 Mil (TTM As of Dec. 2023)

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What is China Display Optoelectronics Technology Holdings EBIT?

China Display Optoelectronics Technology Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €3.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €2.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Display Optoelectronics Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 1.17%. China Display Optoelectronics Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Display Optoelectronics Technology Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.88%.

China Display Optoelectronics Technology Holdings EBIT Historical Data

The historical data trend for China Display Optoelectronics Technology 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 Display Optoelectronics Technology Holdings EBIT Chart

China Display Optoelectronics Technology Holdings Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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13.39

10.32

30.92

22.93

2.44

China Display Optoelectronics Technology Holdings 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															17.86	16.10	7.50	-1.35	3.79

Competitive Comparison of China Display Optoelectronics Technology Holdings's EBIT

For the Electronic Components subindustry, China Display Optoelectronics Technology 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 Display Optoelectronics Technology Holdings's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Display Optoelectronics Technology Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Display Optoelectronics Technology Holdings's EV-to-EBIT falls into.

China Display Optoelectronics Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €2.4 Mil.

China Display Optoelectronics Technology Holdings (FRA:PJJ1) EBIT Explanation

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

China Display Optoelectronics Technology Holdings'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 )
=	1.822 * ( 1 - 30.3% )	/	( (104.718	+	112.096)	/ 2 )
=	1.269934	/	108.407
=	1.17 %

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	))
=	334.703	-	204.83	-	( 89.034	-	max(0, 204.97	-	230.125	+	89.034	))
=	104.718

	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	))
=	325.163	-	186.151	-	( 109.752	-	max(0, 193.9	-	220.816	+	109.752	))
=	112.096

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 Display Optoelectronics Technology Holdings'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 )
=	7.572	/	( ( (98.284 + max(-74.353, 0))	+	(96.901 + max(-90.738, 0)) )	/	2 )
=	7.572	/	( ( 98.284	+	96.901 )	/	2 )
=	7.572	/	97.5925
=	7.76 %

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)
=	(114.388	+	16.149	+	0.079999999999984)	-	(204.83	+	0	+	0.13999999999999)
=	-74.353

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68.389	+	25.768	+	8.556)	-	(186.151	+	0	+	7.3)
=	-90.738

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 Display Optoelectronics Technology Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2.435	/	-62.831
	=	-3.88 %

China Display Optoelectronics Technology Holdings EBIT Related Terms

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China Display Optoelectronics Technology Holdings (FRA:PJJ1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Display Optoelectronics Technology Holdings Ltd (FRA:PJJ1) » Definitions » EBIT

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00334:Hong Kong

Address

No.23, ZhongKai High-Tech District, Guangdong Province, HuiZhou, CHN, 516006

Website

http://www.cdoth8.com

China Display Optoelectronics Technology Holdings Ltd is an investment holding company. It operates in a single segment, display product, which manufactures and sells LCD module products. It focuses on thin-film transistor-liquid crystal display (TFT-LCD), the capacitive touch panel (CTP) display development, production, and sales of modules, and provides a range of products LCD module technology, and manufacturing support services. The company's geographical segments are Mainland China, Hong Kong, and Thailand, of which the majority of its revenues come from Hong Kong.

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