China Innovation Investment (HKSE:01217) EBIT : HK$3.30 Mil (TTM As of Jun. 2024)

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What is China Innovation Investment EBIT?

China Innovation Investment's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$8.17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$3.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Innovation Investment's annualized ROC % for the quarter that ended in Jun. 2024 was 3.77%. China Innovation Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 20.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Innovation Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -3.11%.

China Innovation Investment EBIT Historical Data

The historical data trend for China Innovation Investment'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 Innovation Investment EBIT Chart

China Innovation Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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23.92

-9.75

-33.83

5.80

2.27

China Innovation Investment 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															2.69	3.11	7.14	-4.87	8.17

Competitive Comparison of China Innovation Investment's EBIT

For the Asset Management subindustry, China Innovation Investment'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 Innovation Investment's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Innovation Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Innovation Investment's EV-to-EBIT falls into.

China Innovation Investment 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$3.30 Mil.

China Innovation Investment (HKSE:01217) EBIT Explanation

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

China Innovation Investment'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 )
=	12.842 * ( 1 - 0% )	/	( (372.258	+	308.933)	/ 2 )
=	12.842	/	340.5955
=	3.77 %

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	))
=	550.218	-	0	-	( 177.96	-	max(0, 1.169	-	337.433	+	177.96	))
=	372.258

	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	))
=	557.684	-	0.093	-	( 248.658	-	max(0, 0.973	-	345.388	+	248.658	))
=	308.933

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:

China Innovation Investment'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 )
=	16.336	/	( ( (2.564 + max(157.277, 0))	+	(2.075 + max(-0.093, 0)) )	/	2 )
=	16.336	/	( ( 159.841	+	2.075 )	/	2 )
=	16.336	/	80.958
=	20.18 %

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)
=	(0	+	0	+	157.592)	-	(0	+	0	+	0.315)
=	157.277

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.093	+	0	+	0)
=	-0.093

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:

China Innovation Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	3.297	/	-106.027
	=	-3.11 %

China Innovation Investment EBIT Related Terms

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China Innovation Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Innovation Investment Ltd (HKSE:01217) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Des Voeux Road West, 26th Floor, Sheung Wan, HKG

Website

https://www.1217.com.hk

China Innovation Investment Ltd is an investment holding company. Its investment objective is to invest in listed and unlisted companies primarily in Hong Kong and the PRC. The company invests in listed and non-listed and civil and military joint ventures to strive for medium-term gains from capital appreciation. The majority of the revenue is derived from its investment activities from Hong Kong.

Executives

China Technology Education Trust Association
Zhong Guo Qu Shi Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Harvest Rise Investments Limited	2101 Beneficial owner

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