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Weigang Environmental Technology Holding Group (HKSE:01845) EBIT : HK$3.6 Mil (TTM As of Dec. 2023)


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What is Weigang Environmental Technology Holding Group EBIT?

Weigang Environmental Technology Holding Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weigang Environmental Technology Holding Group's annualized ROC % for the quarter that ended in Dec. 2023 was -6.64%. Weigang Environmental Technology Holding Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weigang Environmental Technology Holding Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.13%.

Weigang Environmental Technology Holding Group EBIT Historical Data

The historical data trend for Weigang Environmental Technology Holding Group'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.

Weigang Environmental Technology Holding Group EBIT Chart

Weigang Environmental Technology Holding Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 102.61 -6.98 -9.71 -80.80 3.56

Weigang Environmental Technology Holding Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 16.88 -37.77 -44.82 2.07 1.49

Competitive Comparison of Weigang Environmental Technology Holding Group's EBIT

For the Waste Management subindustry, Weigang Environmental Technology Holding Group'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.

Weigang Environmental Technology Holding Group's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Weigang Environmental Technology Holding Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Weigang Environmental Technology Holding Group's EV-to-EBIT falls into.


Weigang Environmental Technology Holding Group 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$3.6 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.

Weigang Environmental Technology Holding Group  (HKSE:01845) EBIT Explanation

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

Weigang Environmental Technology Holding Group'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 )
=-19.126 * ( 1 - -92.31% )/( (542.091 + 566.325)/ 2 )
=-36.7812106/554.208
=-6.64 %

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))
=787.7 - 173.383 - ( 72.226 - max(0, 240.071 - 528.096+72.226))
=542.091

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))
=922.227 - 275.383 - ( 80.519 - max(0, 336.46 - 585.73+80.519))
=566.325

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:

Weigang Environmental Technology Holding Group'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 )
=2.988/( ( (180.477 + max(12.257, 0)) + (291.283 + max(-22.031, 0)) )/ 2 )
=2.988/( ( 192.734 + 291.283 )/ 2 )
=2.988/242.0085
=1.23 %

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)
=(180.253 + 17.927 + 3.6959999999999) - (173.383 + 0 + 16.236)
=12.257

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(215.056 + 9.261 + 50.407) - (275.383 + 0 + 21.372)
=-22.031

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:

Weigang Environmental Technology Holding Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3.559/167.481
=2.13 %

* 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.

Weigang Environmental Technology Holding Group EBIT Related Terms

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Weigang Environmental Technology Holding Group (HKSE:01845) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Weigang Environmental Technology Holding Group Ltd (HKSE:01845) » Definitions » EBIT
Comparable Companies
HKSE:01397 HKSE:00436 HKSE:00979 HKSE:00923 HKSE:00154 HKSE:06812 HKSE:01395 HKSE:08196 HKSE:00646 HKSE:08320 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
N/A
Address
No. 181 Science Boulevard, 14-15 Floor, Block A4, Guangdong Province, Guangzhou, CHN
Website
http://www.gzweigang.com
Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.
Executives
Zhang Weiyang 2201 Interest of corporation controlled by you
Weigang Green Technology Limited 2201 Interest of corporation controlled by you
Weigang Technology Limited 2101 Beneficial owner
Zhou Wenying 2202 Interest of your spouse
Dhw Holdings Limited 2101 Beneficial owner
Cai Zhuhua 2201 Interest of corporation controlled by you
Huang Ying 2202 Interest of your spouse

Weigang Environmental Technology Holding Group (HKSE:01845) Headlines

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