Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) EBIT : HK$37.7 Mil (TTM As of Dec. 2023)

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What is Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co EBIT?

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$15.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$37.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.63%. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 395.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.97%.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co EBIT Historical Data

The historical data trend for Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co EBIT Chart

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

49.99

44.39

79.02

88.21

37.73

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial								39.01	19.04	70.07	22.18	15.55

Competitive Comparison of Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's EBIT

For the Real Estate Services subindustry, Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's EV-to-EBIT falls into.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$37.7 Mil.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) EBIT Explanation

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

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	53.978 * ( 1 - 19.05% )	/	( (1196.955	+	1210.94)	/ 2 )
=	43.695191	/	1203.9475
=	3.63 %

where

	Invested Capital		(Q: Jun. 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	))
=	1204.979	-	31.833	-	( 41.502	-	max(0, 67.565	-	43.756	+	41.502	))
=	1196.955

	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	))
=	1236.171	-	32.436	-	( 81.418	-	max(0, 92.259	-	85.054	+	81.418	))
=	1210.94

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:

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	31.094	/	( ( (7.701 + max(-66.226, 0))	+	(8.006 + max(-89.437, 0)) )	/	2 )
=	31.094	/	( ( 7.701	+	8.006 )	/	2 )
=	31.094	/	7.8535
=	395.93 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.339)	-	(31.833	+	0	+	35.732)
=	-66.226

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.541	+	0	+	2.281)	-	(32.436	+	0	+	59.823)
=	-89.437

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:

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	37.728	/	94.390
	=	39.97 %

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co EBIT Related Terms

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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd (HKSE:01379) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianyangxia Village, Wenqiao Town, Zhejiang Province, Wenling, CHN

Website

https://www.cnglj.com

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd is engaged in an established measuring and cutting tools trading centre operator in China. The principal activity and source of revenue of the group were primarily derived from the property leasing business through the operation of the Trading Centre for the measuring and cutting tools industry. The group also engages in real estate investment, development and management business through its material subsidiary, Wenling Sunrise Real Estate Development Co., Ltd.

Executives

Jia Xing Yuan Tai Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Xiang Gang Lei Gen Tou Zi Zhong Xin You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Qian Jiang Mo Tuo Gu Fen You Xian Gong Si	2101 Beneficial owner
Wan Bang De Hang Zhou Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Zhong Ma Chuan Dong Gu Fen You Xian Gong Si	2101 Beneficial owner
Xin Jie Beng Ye Zhe Jiang You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Jie Beng Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Wen Ling Long Xi Qi Ye Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Han Yi	2101 Beneficial owner

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