CMBC Capital Holdings (HKSE:01141) EBIT : HK$-300.8 Mil (TTM As of Dec. 2023)

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What is CMBC Capital Holdings EBIT?

CMBC Capital Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-213.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-300.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CMBC Capital Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -18.89%. CMBC Capital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -462.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CMBC Capital Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.47%.

CMBC Capital Holdings EBIT Historical Data

The historical data trend for CMBC Capital 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.

CMBC Capital Holdings EBIT Chart

CMBC Capital Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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748.25

803.66

468.19

-164.70

-300.79

CMBC Capital Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															142.51	-168.50	3.80	-87.51	-213.28

Competitive Comparison of CMBC Capital Holdings's EBIT

For the Capital Markets subindustry, CMBC Capital 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.

CMBC Capital Holdings's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CMBC Capital Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CMBC Capital Holdings's EV-to-EBIT falls into.

CMBC Capital 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$-300.8 Mil.

CMBC Capital Holdings (HKSE:01141) EBIT Explanation

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

CMBC Capital 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 )
=	-836.178 * ( 1 - 0.65% )	/	( (5763.965	+	3033.452)	/ 2 )
=	-830.742843	/	4398.7085
=	-18.89 %

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	))
=	7666.455	-	453.472	-	( 6700.169	-	max(0, 6117.231	-	7566.249	+	6700.169	))
=	5763.965

	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	))
=	4559.55	-	337.466	-	( 3956.868	-	max(0, 3257.141	-	4445.773	+	3956.868	))
=	3033.452

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:

CMBC Capital 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 )
=	-426.558	/	( ( (71.024 + max(-1.479, 0))	+	(61.162 + max(52.129, 0)) )	/	2 )
=	-426.558	/	( ( 71.024	+	113.291 )	/	2 )
=	-426.558	/	92.1575
=	-462.86 %

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)
=	(211.078	+	0	+	244.388)	-	(453.472	+	0	+	3.473)
=	-1.479

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(147.508	+	0	+	268.911)	-	(337.466	+	0	+	26.824)
=	52.129

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:

CMBC Capital Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-300.793	/	-761.996
	=	39.47 %

CMBC Capital Holdings EBIT Related Terms

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CMBC Capital Holdings (HKSE:01141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CMBC Capital Holdings Ltd (HKSE:01141) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

4C30:Germany

Address

8 Connaught Place, International Commerce Centre, 45th Floor, One Exchange Square, Central, Hong Kong, HKG

Website

https://www.cmbccap.com

CMBC Capital Holdings Ltd engages in the provision of loan financing services. It operates through the following segment: Securities; Fixed-income direct investment; Other Investment and Financing; Asset Management, Corporate Finance and Advisory and others. The company's operations are carried out in Hong Kong.

Executives

China Minsheng Banking Corp. Ltd.
Cmbc International Holdings Limited
Cmbc International Investment (hk) Limited
Cmbc International Investment Limited
China Minsheng Banking Corp., Ltd	2201 Interest of corporation controlled by you
Cmbc International Investment (hk) Ltd	2201 Interest of corporation controlled by you
China Huarong Overseas Investment Holdings Co., Limited	2106 Person having a security interest in shares

CMBC Capital Holdings (HKSE:01141) Headlines

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