Zhongmiao Holdings (Qingdao) Co (HKSE:01471) EBIT : HK$54.2 Mil (TTM As of Jun. 2024)

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What is Zhongmiao Holdings (Qingdao) Co EBIT?

Zhongmiao Holdings (Qingdao) Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$28.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$54.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhongmiao Holdings (Qingdao) Co's annualized ROC % for the quarter that ended in Jun. 2024 was 21.20%. Zhongmiao Holdings (Qingdao) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 240.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhongmiao Holdings (Qingdao) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.16%.

Zhongmiao Holdings (Qingdao) Co EBIT Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) 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.

Zhongmiao Holdings (Qingdao) Co EBIT Chart

Zhongmiao Holdings (Qingdao) Co Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

40.14

51.09

52.75

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
EBIT	-	-	26.63	26.12	28.12

Competitive Comparison of Zhongmiao Holdings (Qingdao) Co's EBIT

For the Insurance Brokers subindustry, Zhongmiao Holdings (Qingdao) 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.

Zhongmiao Holdings (Qingdao) Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhongmiao Holdings (Qingdao) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhongmiao Holdings (Qingdao) Co's EV-to-EBIT falls into.

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Zhongmiao Holdings (Qingdao) 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$54.2 Mil.

Zhongmiao Holdings (Qingdao) Co (HKSE:01471) EBIT Explanation

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

Zhongmiao Holdings (Qingdao) 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 )
=	47.932 * ( 1 - 18.56% )	/	( (180.39	+	187.898)	/ 2 )
=	39.0358208	/	184.144
=	21.20 %

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	))
=	426.521	-	23.396	-	( 222.735	-	max(0, 29.24	-	272.665	+	222.735	))
=	180.39

	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	))
=	469.061	-	47.705	-	( 233.458	-	max(0, 54.509	-	315.397	+	233.458	))
=	187.898

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:

Zhongmiao Holdings (Qingdao) 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 )
=	56.238	/	( ( (0.859 + max(19.576, 0))	+	(0.814 + max(25.5, 0)) )	/	2 )
=	56.238	/	( ( 20.435	+	26.314 )	/	2 )
=	56.238	/	23.3745
=	240.60 %

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)
=	(33.695	+	0	+	14.854)	-	(23.396	+	0	+	5.577)
=	19.576

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(32.804	+	0	+	46.645)	-	(47.705	+	0	+	6.244)
=	25.5

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:

Zhongmiao Holdings (Qingdao) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	54.241	/	2511.429
	=	2.16 %

Zhongmiao Holdings (Qingdao) Co EBIT Related Terms

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Zhongmiao Holdings (Qingdao) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN

Website

https://www.haierbx.net

Zhongmiao Holdings (Qingdao) Co Ltd is engaged in providing insurance agency service, IT services, and consulting services in the PRC. The company is primarily engaged in providing IT services. The company derives maximum revenue from the Insurance Agency business. The company is dedicated to distributing different insurance products covering (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients.

Executives

Qu Pengcheng

Zhongmiao Holdings (Qingdao) Co Headlines

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