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Zonqing Environmental (HKSE:01855) EBIT : HK$113 Mil (TTM As of Jun. 2024)


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What is Zonqing Environmental EBIT?

Zonqing Environmental's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$113 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zonqing Environmental's annualized ROC % for the quarter that ended in Jun. 2024 was 10.41%. Zonqing Environmental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 291.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zonqing Environmental's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.69%.


Zonqing Environmental EBIT Historical Data

The historical data trend for Zonqing Environmental'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.

Zonqing Environmental EBIT Chart

Zonqing Environmental Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial 162.90 91.19 -54.44 260.09 112.64

Zonqing Environmental Semi-Annual Data
Dec17 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 -3.65 85.76 174.33 77.62 35.66

Competitive Comparison of Zonqing Environmental's EBIT

For the Engineering & Construction subindustry, Zonqing Environmental'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.


Zonqing Environmental's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zonqing Environmental's EV-to-EBIT falls into.


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Zonqing Environmental 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$113 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.


Zonqing Environmental  (HKSE:01855) EBIT Explanation

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

Zonqing Environmental'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 )
=268.89 * ( 1 - 7.91% )/( (2166.872 + 2592.671)/ 2 )
=247.620801/2379.7715
=10.41 %

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))
=4207.14 - 1810.131 - ( 230.137 - max(0, 3265.242 - 3677.824+230.137))
=2166.872

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))
=4152.187 - 1493.642 - ( 65.874 - max(0, 3192.369 - 3608.807+65.874))
=2592.671

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:

Zonqing Environmental'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 )
=155.24/( ( (50.279 + max(-457.442, 0)) + (56.327 + max(-546.854, 0)) )/ 2 )
=155.24/( ( 50.279 + 56.327 )/ 2 )
=155.24/53.303
=291.24 %

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)
=(1929.987 + 29.279 + 51.956) - (1810.131 + 0 + 658.533)
=-457.442

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1769.23 + 22.417 + 15.982) - (1493.642 + 0 + 860.841)
=-546.854

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:

Zonqing Environmental's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=113.282/6689.538
=1.69 %

* 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.


Zonqing Environmental EBIT Related Terms

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Zonqing Environmental Business Description

Traded in Other Exchanges
N/A
Address
No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN
Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include City renewal construction services: City operation and maintenance services: Design and consultancy services design, and consultancy for construction projects A majority of revenue is derived from the City renewal construction services segment including construction services for landscaping, ecological restoration, and municipal projects. The group's revenue is generated in the PRC.
Executives
Sun Juqing 2202 Interest of your spouse
Zhao Hongyu 2201 Interest of corporation controlled by you
Zonqing International Investment Limited 2101 Beneficial owner
Liu Haitao 2201 Interest of corporation controlled by you
Wang Tiannv 2202 Interest of your spouse
Zonbong International Investment Limited 2101 Beneficial owner

Zonqing Environmental Headlines

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