China Investment and Finance Group (HKSE:01226) EBIT : HK$-80.87 Mil (TTM As of Sep. 2023)

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What is China Investment and Finance Group EBIT?

China Investment and Finance Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-27.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-80.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Investment and Finance Group's annualized ROC % for the quarter that ended in Sep. 2023 was -28.40%. China Investment and Finance Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Investment and Finance Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 144.48%.

China Investment and Finance Group EBIT Historical Data

The historical data trend for China Investment and Finance 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.

* Premium members only.

China Investment and Finance Group EBIT Chart

China Investment and Finance Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-86.77

-126.74

3.98

-6.53

-40.67

China Investment and Finance Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															16.02	-22.54	12.71	-53.38	-27.49

Competitive Comparison of China Investment and Finance Group's EBIT

For the Asset Management subindustry, China Investment and Finance 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.

China Investment and Finance Group's EV-to-EBIT Distribution in the Asset Management Industry

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

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

China Investment and Finance 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-80.87 Mil.

China Investment and Finance Group (HKSE:01226) EBIT Explanation

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

China Investment and Finance Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-11.11 * ( 1 - 0% )	/	( (30.793	+	47.443)	/ 2 )
=	-11.11	/	39.118
=	-28.40 %

where

	Invested Capital		(Q: Mar. 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	))
=	204.495	-	2.847	-	( 170.855	-	max(0, 7.864	-	180.661	+	170.855	))
=	30.793

	Invested Capital		(Q: Sep. 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	))
=	176.645	-	5.612	-	( 123.59	-	max(0, 7.709	-	133.933	+	123.59	))
=	47.443

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

China Investment and Finance Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-54.986	/	( ( (0 + max(-2.804, 0))	+	(0 + max(-7.651, 0)) )	/	2 )
=	-54.986	/	( ( 0	+	0 )	/	2 )
=	-54.986	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.043000000000006)	-	(2.847	+	0	+	-8.8817841970013E-16)
=	-2.804

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.057999999999993)	-	(5.612	+	0	+	2.097)
=	-7.651

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-80.87	/	-55.972
	=	144.48 %

China Investment and Finance Group EBIT Related Terms

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China Investment and Finance Group (HKSE:01226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Investment and Finance Group Ltd (HKSE:01226) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Queen’s Road Central, Room 1104, Crawford House, Hong Kong, HKG

Website

http://www.chnif.com.hk

China Investment and Finance Group Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in securities trading and investment holding. It principally invests in listed and unlisted securities. The company derives revenue from dividends and interest income. Geographically, all the operations of the company are carried out in Hong Kong.

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