Chiho Environmental Group (HKSE:00976) EBIT: HK$208 Mil (TTM As of Jun. 2024)


HKSE:00976 Chiho Environmental Group Ltd HKSE:00976
4 GF Score
Price HK$0.43
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What is Chiho Environmental Group EBIT?

Chiho Environmental Group HKSE:00976 4 EBIT is HK$208 Mil as of Jun. 2024. GuruFocus rates HKSE:00976 with a GF Score™ of 4/100.

Chiho Environmental Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$168 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$208 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chiho Environmental Group's annualized ROC % for the quarter that ended in Jun. 2024 was 0.96%. Chiho Environmental Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chiho Environmental Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.96%.

Chiho Environmental Group  (HKSE:00976) EBIT Explanation

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

Chiho Environmental 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 )
=116.2 * ( 1 - 45.69% )/( (6437.9 + 6737.9)/ 2 )
=63.10822/6587.9
=0.96 %

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))
=8720.4 - 1916 - ( 366.5 - max(0, 3086 - 4112.9+366.5))
=6437.9

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))
=8918.8 - 1991.7 - ( 189.2 - max(0, 3249.1 - 4363.4+189.2))
=6737.9

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:

Chiho Environmental 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 )
=336.8/( ( (2867.8 + max(1476.4, 0)) + (2788.5 + max(1662.4, 0)) )/ 2 )
=336.8/( ( 4344.2 + 4450.9 )/ 2 )
=336.8/4397.55
=7.66 %

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)
=(1784.6 + 1712.2 + 164.3) - (1916 + 0 + 268.7)
=1476.4

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1857.4 + 1567.1 + 541.2) - (1991.7 + 0 + 311.6)
=1662.4

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=208.4/1902.015
=10.96 %

* 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.

Chiho Environmental Group EBIT Related Terms

Chiho Environmental Group EBIT Historical Data

* Premium members only.

The historical data trend for Chiho Environmental 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.

Chiho Environmental Group EBIT Chart

Chiho Environmental Group 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 136.70 -566.30 1,127.00 599.00 235.90

Chiho Environmental Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 404.60 194.40 195.90 40.00 168.40

HKSE:00976 vs CRS, ATI, MLI: EBIT Comparison

For the Metal Fabrication subindustry, Chiho Environmental 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.

Chiho Environmental Group EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chiho Environmental Group's EV-to-EBIT distribution charts can be found below:

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


HKSE:00976
4GF Score
Chiho Environmental Group Ltd HKSE:00976
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Chiho Environmental 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$208 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$208 Mil mean?
Chiho Environmental Group (HKSE:00976) has a EBIT of HK$208 Mil as of Jun. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Chiho Environmental Group.
Is Chiho Environmental Group's EBIT too high?
Chiho Environmental Group's current EBIT is HK$208 Mil. Overall, Chiho Environmental Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Chiho Environmental Group's EBIT compare to CRS and ATI?
Chiho Environmental Group's EBIT of HK$208 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Chiho Environmental Group. Chiho Environmental Group's current EBIT is HK$208 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiho Environmental Group stock overvalued right now?
Chiho Environmental Group (HKSE:00976) has a current EBIT of HK$208 Mil. The current EBIT is HK$208 Mil. Chiho Environmental Group's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Chiho Environmental Group (HKSE:00976), the current EBIT is HK$208 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Chiho Environmental Group Business Description

Address 199 Des Voeux Road Central, Suite 1001, 10th Floor, Infinitus Plaza, Sheung Wan, Hong Kong, HKG
Chiho Environmental Group Ltd is engaged in the principal business of resources recycling, involving recycling of mixed metal, end-of-life vehicle (ELV), waste electrical and electronic equipment (WEEE), wasted oil and Zorba in Asia, Europe and North America. The company, Geographically operates in Asia, Europe and North America, out of which majority of revenue is derived Europe.
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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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