GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » EBIT

Renaissance Asia Silk Road Group (HKSE:00274) EBIT : HK$-30.0 Mil (TTM As of Sep. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Renaissance Asia Silk Road Group EBIT?

Renaissance Asia Silk Road Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$-23.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-30.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Renaissance Asia Silk Road Group's annualized ROC % for the quarter that ended in Sep. 2024 was -9.30%. Renaissance Asia Silk Road Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -23.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Renaissance Asia Silk Road Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.48%.


Renaissance Asia Silk Road Group EBIT Historical Data

The historical data trend for Renaissance Asia Silk Road Group'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.

Renaissance Asia Silk Road Group EBIT Chart

Renaissance Asia Silk Road Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -110.55 -104.65 -125.71 -56.20 -9.32

Renaissance Asia Silk Road Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Sep24
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 -13.05 3.73 -10.83 -6.57 -23.44

Competitive Comparison of Renaissance Asia Silk Road Group's EBIT

For the Gold subindustry, Renaissance Asia Silk Road Group'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.


Renaissance Asia Silk Road Group's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Renaissance Asia Silk Road Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Renaissance Asia Silk Road Group's EV-to-EBIT falls into.


;
;

Renaissance Asia Silk Road Group 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-30.0 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.


Renaissance Asia Silk Road Group  (HKSE:00274) EBIT Explanation

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

Renaissance Asia Silk Road Group's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-38.94 * ( 1 - 2.07% )/( (451.7 + 368.344)/ 2 )
=-38.133942/410.022
=-9.30 %

where

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

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

Renaissance Asia Silk Road Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-46.876/( ( (209.088 + max(-124.531, 0)) + (189.758 + max(-68.299, 0)) )/ 2 )
=-46.876/( ( 209.088 + 189.758 )/ 2 )
=-46.876/199.423
=-23.51 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.685 + 0 + 0) - (55.454 + 0 + 82.762)
=-124.531

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.167 + 0 + 0) - (0.843 + 0 + 70.623)
=-68.299

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

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

Renaissance Asia Silk Road Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-30.01/-182.055
=16.48 %

* 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.


Renaissance Asia Silk Road Group EBIT Related Terms

Thank you for viewing the detailed overview of Renaissance Asia Silk Road Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Renaissance Asia Silk Road Group Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG
Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through operating segments: Mining Products, which generates the majority of revenue; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat.
Executives
Du Huiyan 2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited 2101 Beneficial owner
Reconstruction Capital Group Limited 2101 Beneficial owner
Sun Guiling 2201 Interest of corporation controlled by you
Wang Song 2201 Interest of corporation controlled by you
Zhang Jiaxin 2101 Beneficial owner
Excellent Shine Capital Limited 2101 Beneficial owner
Wang Huimin 2201 Interest of corporation controlled by you
Xu Huiqiang 2201 Interest of corporation controlled by you
Wang Yajun 2201 Interest of corporation controlled by you
Everbright Fortune Company Limited 2101 Beneficial owner
Mu Yongjie 2101 Beneficial owner
Ng Chikong 2101 Beneficial owner
Wang Juan 2101 Beneficial owner
Li Tiejian 2101 Beneficial owner

Renaissance Asia Silk Road Group Headlines

No Headlines