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Xingda International Holdings (HKSE:01899) EBIT : HK$1,060 Mil (TTM As of Dec. 2023)


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What is Xingda International Holdings EBIT?

Xingda International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$548 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,060 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xingda International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 5.35%. Xingda International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xingda International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.80%.


Xingda International Holdings EBIT Historical Data

The historical data trend for Xingda International 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.

Xingda International Holdings EBIT Chart

Xingda International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 641.49 504.28 713.18 1,053.70 1,060.18

Xingda International Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 170.03 513.74 564.28 512.49 547.69

Competitive Comparison of Xingda International Holdings's EBIT

For the Auto Parts subindustry, Xingda International 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.


Xingda International Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Xingda International 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,060 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.


Xingda International Holdings  (HKSE:01899) EBIT Explanation

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

Xingda International Holdings'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 )
=1011.96 * ( 1 - 8.49% )/( (17210.494 + 17416.172)/ 2 )
=926.044596/17313.333
=5.35 %

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))
=23332.453 - 6100.976 - ( 3783.523 - max(0, 13660.853 - 13681.836+3783.523))
=17210.494

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))
=22662.948 - 5225.296 - ( 2663.94 - max(0, 12653.043 - 12674.523+2663.94))
=17416.172

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:

Xingda International Holdings'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 )
=1095.374/( ( (8450.418 + max(-1443.009, 0)) + (8863.86 + max(321.514, 0)) )/ 2 )
=1095.374/( ( 8450.418 + 9185.374 )/ 2 )
=1095.374/8817.896
=12.42 %

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)
=(3773.157 + 1296.098 + 247.808) - (6100.976 + 0 + 659.096)
=-1443.009

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4522.37 + 988.386 + 769.245) - (5225.296 + 0 + 733.191)
=321.514

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1060.177/7162.347
=14.80 %

* 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.


Xingda International Holdings EBIT Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Traded in Other Exchanges
Address
Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062
Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.
Executives
Liu Jinlan 2501 Other
Zhao Yue 2201 Interest of corporation controlled by you
Super Auspicious Inc. 2101 Beneficial owner
Always Blooming Holdings Limited 2201 Interest of corporation controlled by you
Wise Creative Limited 2101 Beneficial owner
Widen Success Holdings Limited 2501 Other
Liu Tao 2501 Other
In-plus Limited 2501 Other
Great Trade Limited 2501 Other
Hang Youming 2501 Other
Liu Xiang 2501 Other
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Fil Limited 2201 Interest of corporation controlled by you
Qing Dao Jian Xin Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you

Xingda International Holdings (HKSE:01899) Headlines

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