GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Renze Harvest International Ltd (HKSE:01282) » Definitions » EBIT

Renze Harvest International (HKSE:01282) EBIT : HK$-639.6 Mil (TTM As of Jun. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Renze Harvest International EBIT?

Renze Harvest International's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-97.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-639.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Renze Harvest International's annualized ROC % for the quarter that ended in Jun. 2024 was 0.79%. Renze Harvest International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Renze Harvest International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -58.87%.


Renze Harvest International EBIT Historical Data

The historical data trend for Renze Harvest International'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.

Renze Harvest International EBIT Chart

Renze Harvest International 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 1,867.73 -156.83 96.82 -409.87 160.95

Renze Harvest International 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 -294.73 -115.15 702.92 -541.97 -97.61

Competitive Comparison of Renze Harvest International's EBIT

For the Industrial Distribution subindustry, Renze Harvest International'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.


Renze Harvest International's EV-to-EBIT Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Renze Harvest International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Renze Harvest International's EV-to-EBIT falls into.



Renze Harvest International 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$-639.6 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.


Renze Harvest International  (HKSE:01282) EBIT Explanation

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

Renze Harvest International'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 )
=85.246 * ( 1 - 11.95% )/( (9630.104 + 9268.763)/ 2 )
=75.059103/9449.4335
=0.79 %

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))
=11643.133 - 1308.929 - ( 704.1 - max(0, 3404.482 - 5390.171+704.1))
=9630.104

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))
=11292.772 - 1247.786 - ( 776.223 - max(0, 3110.444 - 5241.812+776.223))
=9268.763

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:

Renze Harvest International'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 )
=-195.22/( ( (479.882 + max(1388.636, 0)) + (352.914 + max(1251.521, 0)) )/ 2 )
=-195.22/( ( 1868.518 + 1604.435 )/ 2 )
=-195.22/1736.4765
=-11.24 %

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)
=(80.432 + 2933.188 + 687.658) - (1308.929 + 0 + 1003.713)
=1388.636

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(282.22 + 2704.923 + 752.79) - (1247.786 + 0 + 1240.626)
=1251.521

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:

Renze Harvest International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-639.579/1086.493
=-58.87 %

* 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.


Renze Harvest International EBIT Related Terms

Thank you for viewing the detailed overview of Renze Harvest International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Renze Harvest International Business Description

Traded in Other Exchanges
N/A
Address
Unit 1908, 19/F, Tower Two, Lippo Centre, No. 89, Queensway, Admiralty, HKG
Renze Harvest International Ltd is a holding company in China that reports in four business segments: Automation, Financial services, Property investment and development, and Securities Investment. It generates maximum revenue from the Automation segment which represents the trading of automated production-related equipment trading business in Hong Kong and the PRC. The company has different sources of revenue that include Automation: Sales of automated production products, minus returns, installation, Securities Investment Gains/losses of financial assets at FVTPL, plus commission income from securities, Financial Services: Commission and brokerage income from securities and futures, and Property Investment includes Revenue from property sales, rentals, and management.
Executives
China Grand Developments Limited 2101 Beneficial owner
Ma Jianghao 2201 Interest of corporation controlled by you
Bao Xin Development Limited 2101 Beneficial owner
Bao Xin International Group Limited 2201 Interest of corporation controlled by you
Tinmark Development Limited 2201 Interest of corporation controlled by you
Yao Jianhui 2201 Interest of corporation controlled by you
Qian Hai Ren Shou Bao Xian Gu Fen You Xian Gong Si 2101 Beneficial owner

Renze Harvest International Headlines

No Headlines