Ruichang International Holdings (HKSE:01334) EBIT : HK$ Mil (TTM As of Dec. 2023)

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What is Ruichang International Holdings EBIT?

Ruichang International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$80.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ruichang International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 30.60%. Ruichang International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 73.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Ruichang International Holdings EBIT Historical Data

The historical data trend for Ruichang International 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.

Ruichang International Holdings EBIT Chart

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

25.63

53.43

80.28

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Dec23
EBIT	25.63	53.43	80.28

Competitive Comparison of Ruichang International Holdings's EBIT

For the Specialty Industrial Machinery subindustry, Ruichang International 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.

Ruichang International Holdings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruichang International Holdings's EV-to-EBIT distribution charts can be found below:

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

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Ruichang International 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$ Mil.

Ruichang International Holdings (HKSE:01334) EBIT Explanation

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

Ruichang International 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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	193.818 * ( 1 - 18.18% )	/	( (464.83	+	571.503)	/ 2 )
=	158.5818876	/	518.1665
=	30.60 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	661.679	-	172.962	-	( 23.887	-	max(0, 366.319	-	523.67	+	23.887	))
=	464.83

	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	))
=	760.873	-	139.417	-	( 49.953	-	max(0, 392.752	-	621.364	+	49.953	))
=	571.503

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:

Ruichang International 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: Dec. 2022		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	160.568	/	( ( (61.917 + max(107.878, 0))	+	(64.597 + max(200.969, 0)) )	/	2 )
=	160.568	/	( ( 169.795	+	265.566 )	/	2 )
=	160.568	/	217.6805
=	73.76 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(295.668	+	59.329	+	44.78)	-	(172.962	+	0	+	118.937)
=	107.878

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(301.858	+	73.001	+	73.148)	-	(139.417	+	0	+	107.621)
=	200.969

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=		/	638.717
	=	%

Ruichang International Holdings EBIT Related Terms

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Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

Executives

Huang Shan Jian Tou Si Mu Ji Jin Guan Li You Xian Gong Si	2101 Beneficial owner
Bai Wei	2202 Interest of your spouse
Lu Bo	2501 Other
Lu Xiaojing	2501 Other
Shao Song	2202 Interest of your spouse
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