China ITS (Holdings) Co (HKSE:01900) EBIT : HK$232.3 Mil (TTM As of Dec. 2023)

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What is China ITS (Holdings) Co EBIT?

China ITS (Holdings) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$134.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$232.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China ITS (Holdings) Co's annualized ROC % for the quarter that ended in Dec. 2023 was 10.69%. China ITS (Holdings) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China ITS (Holdings) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 299.18%.

China ITS (Holdings) Co EBIT Historical Data

The historical data trend for China ITS (Holdings) Co'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 ITS (Holdings) Co EBIT Chart

China ITS (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2.04

-124.00

194.94

127.73

232.29

China ITS (Holdings) Co 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															107.82	36.54	92.92	98.08	134.21

Competitive Comparison of China ITS (Holdings) Co's EBIT

For the Information Technology Services subindustry, China ITS (Holdings) Co'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 ITS (Holdings) Co's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, China ITS (Holdings) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China ITS (Holdings) Co's EV-to-EBIT falls into.

China ITS (Holdings) Co 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$232.3 Mil.

China ITS (Holdings) Co (HKSE:01900) EBIT Explanation

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

China ITS (Holdings) Co'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 )
=	264.954 * ( 1 - 8.19% )	/	( (2310.12	+	2240.027)	/ 2 )
=	243.2542674	/	2275.0735
=	10.69 %

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	))
=	3135.043	-	466.674	-	( 358.249	-	max(0, 954.296	-	1966.077	+	358.249	))
=	2310.12

	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	))
=	3388.364	-	618.339	-	( 529.998	-	max(0, 1125.051	-	2142.928	+	529.998	))
=	2240.027

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:

China ITS (Holdings) Co'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 )
=	268.416	/	( ( (547.355 + max(291.7, 0))	+	(539.555 + max(362.444, 0)) )	/	2 )
=	268.416	/	( ( 839.055	+	901.999 )	/	2 )
=	268.416	/	870.527
=	30.83 %

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)
=	(415.937	+	248.296	+	394.485)	-	(466.674	+	0	+	300.344)
=	291.7

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(393.177	+	442.125	+	351.382)	-	(618.339	+	0	+	205.901)
=	362.444

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	232.292	/	77.642
	=	299.18 %

China ITS (Holdings) Co EBIT Related Terms

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China ITS (Holdings) Co (HKSE:01900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China ITS (Holdings) Co Ltd (HKSE:01900) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Building 204, No. A10, Chaoyang District, Beijing, CHN, 100015

Website

http://www.its.cn

China ITS (Holdings) Co Ltd and its subsidiaries are mainly a provider of products, specialized solutions, and services related to infrastructure technology in the railway and electric power sectors. The operating business segments are Railway business which is engaged in the provision of products and specialized solutions mainly including railway communication products and energy-base products. The Electric power business segment is engaged in the provision of products and specialized solutions related to electric power equipment for customers in the electric power infrastructure construction area. Geographically, the company operates in China and Myanmar.

Executives

Jiang Hailin	2201 Interest of corporation controlled by you
Liao Jie	2101 Beneficial owner
China Its Co., Ltd.	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Joyful Business Holdings Limited	2101 Beneficial owner
Best Partners Development Limited	2501 Other
Credit Suisse Trust Limited	2301 Trustee
Fino Investments Limited	2201 Interest of corporation controlled by you
Tesco Investments Limited	2201 Interest of corporation controlled by you

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