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Tongguan Gold Group (HKSE:00340) EBIT : HK$338 Mil (TTM As of Jun. 2024)


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What is Tongguan Gold Group EBIT?

Tongguan Gold Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$148 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$338 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tongguan Gold Group's annualized ROC % for the quarter that ended in Jun. 2024 was 4.25%. Tongguan Gold Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tongguan Gold Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.45%.


Tongguan Gold Group EBIT Historical Data

The historical data trend for Tongguan Gold 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.

Tongguan Gold Group EBIT Chart

Tongguan Gold Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.06 185.12 79.85 97.33 337.84

Tongguan Gold Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 39.01 27.79 69.53 148.34 189.50

Competitive Comparison of Tongguan Gold Group's EBIT

For the Gold subindustry, Tongguan Gold 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.


Tongguan Gold Group's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tongguan Gold Group's EV-to-EBIT falls into.


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Tongguan Gold 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$338 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.


Tongguan Gold Group  (HKSE:00340) EBIT Explanation

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

Tongguan Gold Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=292.296 * ( 1 - 31.71% )/( (4648.201 + 4743.873)/ 2 )
=199.6089384/4696.037
=4.25 %

where

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))
=4554.86 - 573.515 - ( 157.887 - max(0, 1030.926 - 364.07+157.887))
=4648.201

Invested Capital(Q: Jun. 2024 )
=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))
=4609.167 - 669.574 - ( 194.947 - max(0, 1247.415 - 443.135+194.947))
=4743.873

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

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

Tongguan Gold Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=296.68/( ( (3131.282 + max(-450.955, 0)) + (3106.754 + max(-520.467, 0)) )/ 2 )
=296.68/( ( 3131.282 + 3106.754 )/ 2 )
=296.68/3119.018
=9.51 %

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)
=(10.897 + 87.749 + 35.903) - (573.515 + 0 + 11.989)
=-450.955

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 153.367 + 52.873) - (669.574 + 0 + 57.133)
=-520.467

When net working capital is negative, 0 is used.

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

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

Tongguan Gold Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=337.838/3999.898
=8.45 %

* 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.


Tongguan Gold Group EBIT Related Terms

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Tongguan Gold Group Business Description

Traded in Other Exchanges
N/A
Address
12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG
Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.
Executives
Fung Wai Enterprises Ltd. 2101 Beneficial owner
Lin Eddie Chang 2201 Interest of corporation controlled by you
Goldbell Holdings Limited 2201 Interest of corporation controlled by you
Jiang Wei 2201 Interest of corporation controlled by you
Jin Ding Investment Limited 2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited 2101 Beneficial owner
Lam Yuk Ying 2101 Beneficial owner
Chen Dengguang 2101 Beneficial owner
Huang Aidong 2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited 2101 Beneficial owner
Golden Blossom Investment Limited 2101 Beneficial owner
Hu Jianzhong 2201 Interest of corporation controlled by you
Ho Ping Tanya 2101 Beneficial owner
Lin Yuhua 2201 Interest of corporation controlled by you
Supreme Success Group Limited 2101 Beneficial owner

Tongguan Gold Group Headlines

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