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Tibet Water Resources (HKSE:01115) EBIT : HK$-338.5 Mil (TTM As of Jun. 2024)


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What is Tibet Water Resources EBIT?

Tibet Water Resources's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-4.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-338.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tibet Water Resources's annualized ROC % for the quarter that ended in Jun. 2024 was -0.24%. Tibet Water Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tibet Water Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -18.58%.


Tibet Water Resources EBIT Historical Data

The historical data trend for Tibet Water Resources'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.

Tibet Water Resources EBIT Chart

Tibet Water Resources 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 -737.35 94.55 113.14 -66.42 -342.69

Tibet Water Resources 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 24.22 -89.49 -9.00 -333.69 -4.79

Competitive Comparison of Tibet Water Resources's EBIT

For the Beverages - Brewers subindustry, Tibet Water Resources'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.


Tibet Water Resources's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tibet Water Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tibet Water Resources's EV-to-EBIT falls into.


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Tibet Water Resources 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$-338.5 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.


Tibet Water Resources  (HKSE:01115) EBIT Explanation

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

Tibet Water Resources'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 )
=-9.584 * ( 1 - 8.55% )/( (3342.776 + 3884.175)/ 2 )
=-8.764568/3613.4755
=-0.24 %

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))
=4359.317 - 364.724 - ( 1113.044 - max(0, 1160.201 - 1812.018+1113.044))
=3342.776

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))
=4176.382 - 189.154 - ( 103.053 - max(0, 940.216 - 1699.901+103.053))
=3884.175

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:

Tibet Water Resources'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 )
=-9.584/( ( (371.662 + max(226.094, 0)) + (364.86 + max(147.559, 0)) )/ 2 )
=-9.584/( ( 597.756 + 512.419 )/ 2 )
=-9.584/555.0875
=-1.73 %

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)
=(198.956 + 129.864 + 287.717) - (364.724 + 0 + 25.719)
=226.094

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.633 + 106.57 + 327.31) - (189.154 + 0 + 304.8)
=147.559

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:

Tibet Water Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-338.483/1821.942
=-18.58 %

* 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.


Tibet Water Resources EBIT Related Terms

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Tibet Water Resources Business Description

Traded in Other Exchanges
N/A
Address
United Centre 95 Queensway, Unit D, 23rd Floor, Admiralty, Hong Kong, HKG
Tibet Water Resources Ltd is an investment holding company engaged in the production and sales of water products and beer products in the PRC and the provision of lending services to third parties in Hong Kong with relevant licenses. Its flagship brand is 5100 Glacial Spring Water. Its beer is Highland barley beer. Its business is reported in two segments, the Water business segment and the Beer business segment. It generates the majority of its revenue from the Beer business segment. Its geographic areas are PRC and Hong Kong, it generates the majority of its revenue from the PRC.
Executives
Hsbc International Trustee Limited 2301 Trustee
Xin Jiang Jin Rong Tou Zi Ji Tuan You Xian Ze Ren Gong Si
Hope Empire Limited 2201 Interest of corporation controlled by you
Wholeking Holdings Limited 2101 Beneficial owner
Cai Kui 2307 Founder of a discretionary trust who can infl
Shen Wan Hong Yuan Ji Tuan Gu Fen You Xian Gong Si
Huo Er Guo Si Tian Shan Yi Hao Chan Ye Tou Zi Ji Jin You Xian He Huo Qi Ye
Xin Jiang Wei Wu Er Zi Zhi Qu Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui
Tianshan Industry Investment Limited
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si
Xin Jiang Tian Shan Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si
Harvest Fund Management Co., Ltd. 2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd 2201 Interest of corporation controlled by you
Harvest Global Capital Investments Limited 2102 Investment manager
Wang Zhi 2201 Interest of corporation controlled by you

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