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China ZhengTong Auto Services Holdings (HKSE:01728) EBIT : HK$-621 Mil (TTM As of Jun. 2024)


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What is China ZhengTong Auto Services Holdings EBIT?

China ZhengTong Auto Services Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-267 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-621 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China ZhengTong Auto Services Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -4.23%. China ZhengTong Auto Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China ZhengTong Auto Services Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -2.60%.


China ZhengTong Auto Services Holdings EBIT Historical Data

The historical data trend for China ZhengTong Auto Services 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.

China ZhengTong Auto Services Holdings EBIT Chart

China ZhengTong Auto Services Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11,079.22 -1,165.13 943.31 151.56 -619.22

China ZhengTong Auto Services Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 346.03 138.59 12.97 -266.59 -354.83

Competitive Comparison of China ZhengTong Auto Services Holdings's EBIT

For the Auto & Truck Dealerships subindustry, China ZhengTong Auto Services 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.


China ZhengTong Auto Services Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China ZhengTong Auto Services Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China ZhengTong Auto Services Holdings's EV-to-EBIT falls into.


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China ZhengTong Auto Services 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-621 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.


China ZhengTong Auto Services Holdings  (HKSE:01728) EBIT Explanation

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

China ZhengTong Auto Services Holdings'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 )
=-1700.896 * ( 1 - 12.21% )/( (35700.023 + 34928.089)/ 2 )
=-1493.2165984/35314.056
=-4.23 %

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))
=32282.666 - 5571.441 - ( 952.899 - max(0, 24767.958 - 15779.16+952.899))
=35700.023

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))
=31332.701 - 4843.51 - ( 595.549 - max(0, 23991.915 - 15553.017+595.549))
=34928.089

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:

China ZhengTong Auto Services Holdings'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 )
=-533.18/( ( (7887.4 + max(3671.635, 0)) + (9545.943 + max(4794.059, 0)) )/ 2 )
=-533.18/( ( 11559.035 + 14340.002 )/ 2 )
=-533.18/12949.5185
=-4.12 %

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)
=(1030.284 + 4125.627 + 5135.089) - (5571.441 + 0 + 1047.924)
=3671.635

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(978.502 + 4126.791 + 5587.305) - (4843.51 + 0 + 1055.029)
=4794.059

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:

China ZhengTong Auto Services Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-621.419/23914.851
=-2.60 %

* 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.


China ZhengTong Auto Services Holdings EBIT Related Terms

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China ZhengTong Auto Services Holdings Business Description

Traded in Other Exchanges
Address
No. Te 6 Huangpu Technological Park, 4/F, Wuhan Baoze, Jiangan District, Wuhan, CHN
China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The company operates through the following segments; 4S dealership business , Supply chain business, and Comprehensive properties business. The 4S dealership business segment which generates key revenue, mainly includes sales of motor vehicles and after-sales services through its network of 4S dealerships in the PRC. The Supply chain business mainly includes the provision of motor-related logistics services and trading of lubricant oil, and the Comprehensive properties business mainly includes the development and sales of properties in the PRC.
Executives
Xia Men Guo Mao Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheung Mui 2101 Beneficial owner
Yang Liguo 2101 Beneficial owner
Xingtai Capital Management Limited 2102 Investment manager
Wang Muqing
Joy Capital Holdings Limited 2101 Beneficial owner
Bright Brilliant Holdings Limited 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Wang Boheng 2307 Founder of a discretionary trust who can infl
Wang Weize 2307 Founder of a discretionary trust who can infl

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