China Dredging Environment Protection Holdings (HKSE:00871) EBIT : HK$-184.7 Mil (TTM As of Dec. 2023)

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What is China Dredging Environment Protection Holdings EBIT?

China Dredging Environment Protection Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-247.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-184.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Dredging Environment Protection Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -20.55%. China Dredging Environment Protection Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -44.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Dredging Environment Protection Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.21%.

China Dredging Environment Protection Holdings EBIT Historical Data

The historical data trend for China Dredging Environment Protection 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 Dredging Environment Protection Holdings EBIT Chart

China Dredging Environment Protection Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-407.61

-571.32

90.25

-307.67

-184.66

China Dredging Environment Protection 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															-153.00	20.29	-327.00	62.92	-247.58

Competitive Comparison of China Dredging Environment Protection Holdings's EBIT

For the Engineering & Construction subindustry, China Dredging Environment Protection 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 Dredging Environment Protection Holdings's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Dredging Environment Protection Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Dredging Environment Protection Holdings's EV-to-EBIT falls into.

China Dredging Environment Protection 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 HK$-184.7 Mil.

China Dredging Environment Protection Holdings (HKSE:00871) EBIT Explanation

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

China Dredging Environment Protection 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 )
=	-362.188 * ( 1 - 0.78% )	/	( (1804.149	+	1692.533)	/ 2 )
=	-359.3629336	/	1748.341
=	-20.55 %

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	))
=	2007.557	-	519.813	-	( 44.418	-	max(0, 845.356	-	528.951	+	44.418	))
=	1804.149

	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	))
=	1787.28	-	590.172	-	( 35.557	-	max(0, 907.543	-	412.118	+	35.557	))
=	1692.533

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 Dredging Environment Protection 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 )
=	-495.156	/	( ( (1148.462 + max(-153.243, 0))	+	(1057.515 + max(-312.655, 0)) )	/	2 )
=	-495.156	/	( ( 1148.462	+	1057.515 )	/	2 )
=	-495.156	/	1102.9885
=	-44.89 %

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)
=	(341.704	+	0	+	69.579)	-	(519.813	+	0	+	44.713)
=	-153.243

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(247.513	+	0	+	72.634)	-	(590.172	+	0	+	42.63)
=	-312.655

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 Dredging Environment Protection Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-184.658	/	483.271
	=	-38.21 %

China Dredging Environment Protection Holdings EBIT Related Terms

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China Dredging Environment Protection Holdings (HKSE:00871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Dredging Environment Protection Holdings Ltd (HKSE:00871) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Xindu West Road, 7th Floor, Shengzhou Tower, Yandu District, Jiangsu Province, Yancheng, CHN

Website

http://www.cdep.com.hk

China Dredging Environment Protection Holdings Ltd is engaged in the business of dredging services which can be divided into four segments namely, Capital and Reclamation Dredging business, Environmental Protection Dredging and Water Management business, Property Management Business, and Other Marine Business. It generates maximum revenue from the Other Marine Business segment which comprises marine hoisting, installation, salvaging, vessel chartering, and other engineering services provided by the company. Geographically, it derives the majority of revenue from the People's Republic of China.

Executives

Wangji Limited
Yuan Xiangbing
Liu Kaijin	2101 Beneficial owner
Zhou Shuhua	2202 Interest of your spouse
Guotai Junan International Holdings Limited
Guotai Junan Securities Co., Ltd
Yong Shi Ting Shana	2101 Beneficial owner
Luck Morgan Investment Limited
Jiang Su Bai Si Te Huan Jing Gong Cheng You Xian Gong Si

China Dredging Environment Protection Holdings (HKSE:00871) Headlines

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