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Datang Environment Industry Group Co (HKSE:01272) EBIT : HK$1,019 Mil (TTM As of Jun. 2024)


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What is Datang Environment Industry Group Co EBIT?

Datang Environment Industry Group Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$597 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,019 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Datang Environment Industry Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 8.56%. Datang Environment Industry Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Datang Environment Industry Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.86%.


Datang Environment Industry Group Co EBIT Historical Data

The historical data trend for Datang Environment Industry Group Co'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.

Datang Environment Industry Group Co EBIT Chart

Datang Environment Industry Group Co 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 618.67 702.90 -191.33 554.04 868.40

Datang Environment Industry Group Co 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 404.37 168.81 446.74 421.66 597.47

Competitive Comparison of Datang Environment Industry Group Co's EBIT

For the Waste Management subindustry, Datang Environment Industry Group Co'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.


Datang Environment Industry Group Co's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Datang Environment Industry Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Datang Environment Industry Group Co's EV-to-EBIT falls into.


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Datang Environment Industry Group Co 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$1,019 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.


Datang Environment Industry Group Co  (HKSE:01272) EBIT Explanation

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

Datang Environment Industry Group Co'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 )
=1209.86 * ( 1 - 14.45% )/( (12260.219 + 11934.586)/ 2 )
=1035.03523/12097.4025
=8.56 %

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))
=19737.373 - 5496.754 - ( 1980.4 - max(0, 9558.557 - 11761.382+1980.4))
=12260.219

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))
=18191.226 - 4583.161 - ( 1673.479 - max(0, 8035.957 - 10614.667+1673.479))
=11934.586

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:

Datang Environment Industry Group Co'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 )
=1194.93/( ( (7327.838 + max(3146.881, 0)) + (6966.31 + max(3410.693, 0)) )/ 2 )
=1194.93/( ( 10474.719 + 10377.003 )/ 2 )
=1194.93/10425.861
=11.46 %

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)
=(8164.497 + 177.32 + 396.505) - (5496.754 + 0 + 94.687000000002)
=3146.881

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7498.248 + 191.102 + 386.199) - (4583.161 + 0 + 81.695)
=3410.693

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:

Datang Environment Industry Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1019.127/6857.459
=14.86 %

* 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.


Datang Environment Industry Group Co EBIT Related Terms

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Datang Environment Industry Group Co Business Description

Traded in Other Exchanges
N/A
Address
Number 120 Zizhuyuan Road, Haidian District, Beijing, CHN, 100097
Datang Environment Industry Group Co Ltd is engaged in environmental protection facility concession operation, denitrification catalysts, environmental protection facilities engineering, water treatment business, energy conservation business, and renewable energy engineering business. The company's segments include Environmental protection and energy conservation solutions, Renewable energy engineering, Thermal power engineering, and Other businesses. The environmental protection & energy conservation solutions segment generates the vast majority of the revenue. The company generates its revenue from PRC.
Executives
China Life Franklin Asset Management Co., Limited 2102 Investment manager
China Life Insurance (group) Company 2101 Beneficial owner
China Life Insurance (overseas) Company Limited 2101 Beneficial owner
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si 2201 Interest of corporation controlled by you

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