China Wantian Holdings (HKSE:01854) EBIT : HK$-30.9 Mil (TTM As of Jun. 2024)

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What is China Wantian Holdings EBIT?

China Wantian Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-15.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-30.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Wantian Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was -20.30%. China Wantian Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -27.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Wantian Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.25%.

China Wantian Holdings EBIT Historical Data

The historical data trend for China Wantian 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.

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China Wantian Holdings EBIT Chart

China Wantian Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

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27.95

20.88

-2.55

-7.49

-10.21

China Wantian Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Jun24
EBIT	Get a 7-Day Free Trial														-9.36	-7.16	-16.08	-15.19	-15.72

Competitive Comparison of China Wantian Holdings's EBIT

For the Food Distribution subindustry, China Wantian 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 Wantian Holdings's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, China Wantian Holdings's EV-to-EBIT distribution charts can be found below:

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

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China Wantian 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$-30.9 Mil.

China Wantian Holdings (HKSE:01854) EBIT Explanation

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

China Wantian 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: Sep. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-32.952 * ( 1 - -5.01% )	/	( (158.489	+	182.509)	/ 2 )
=	-34.6028952	/	170.499
=	-20.30 %

where

	Invested Capital		(Q: Sep. 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	))
=	287.937	-	36.121	-	( 93.327	-	max(0, 58.094	-	154.061	+	93.327	))
=	158.489

	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	))
=	255.035	-	32.523	-	( 40.003	-	max(0, 58.557	-	156.222	+	40.003	))
=	182.509

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 Wantian 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: Sep. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-31.448	/	( ( (91.09 + max(20.179, 0))	+	(85.987 + max(30.315, 0)) )	/	2 )
=	-31.448	/	( ( 111.269	+	116.302 )	/	2 )
=	-31.448	/	113.7855
=	-27.64 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.208	+	1.998	+	15.803)	-	(36.121	+	0	+	2.709)
=	20.179

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68.841	+	2.759	+	2.8421709430404E-14)	-	(32.523	+	0	+	8.762)
=	30.315

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-30.912	/	2482.818
	=	-1.25 %

China Wantian Holdings EBIT Related Terms

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China Wantian Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Wantian Holdings Ltd (HKSE:01854) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Wang Chiu Road, Suite 2106A, 21/F, Exchange Tower, Kowloon Bay, Hong Kong, HKG

Website

http://www.cyfood.com.hk

China Wantian Holdings Ltd is engaged in the provision of vegetables and fruits. It provides procurement, selection, packaging, treating, processing, and distribution of vegetables and fruit ingredients. The company offers leaf vegetables, melon and fruit vegetables, root and rhizome vegetables, herbs and spices, mushrooms, fruits, processed fruits and vegetables, and others. The group's business falls under the primary segment of Sourcing, processing, and supplying food ingredients to food service operators in Hong Kong. The Group has three reportable segments; food supply which generates key revenue; catering; and environmental protection and technology. The company generates a majority of its revenue from its operations in Hong Kong and the rest from the People's Republic of China.

Executives

Liu Chi Ching
Hooy Kok Wai
Zhong Xueyong
Hooy Investment Limited
Hooy Kwok Pun
Yap Global Investment Limited
Yap Yuk Kiew
Wu Shuk Kwan
Classic Line Holdings Limited
Yek Hon Su
Yap Su Chai
Yap Siew Ngoh
Yap Siew Chow
Yap Kong Meng
Yap Hong Leng

China Wantian Holdings Headlines

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