CPM Group (HKSE:01932) EBIT : HK$-56.2 Mil (TTM As of Dec. 2023)

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What is CPM Group EBIT?

CPM Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-51.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-56.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CPM Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.02%. CPM Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -48.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CPM Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -16.88%.

CPM Group EBIT Historical Data

The historical data trend for CPM 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.

CPM Group EBIT Chart

CPM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-18.39

-6.55

-56.88

-91.02

-56.22

CPM Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial													-42.41	-47.89	-43.13	-4.62	-51.60

Competitive Comparison of CPM Group's EBIT

For the Specialty Chemicals subindustry, CPM 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.

CPM Group's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CPM Group's EV-to-EBIT distribution charts can be found below:

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

CPM 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$-56.2 Mil.

CPM Group (HKSE:01932) EBIT Explanation

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

CPM 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 )
=	27.178 * ( 1 - 4.83% )	/	( (688.209	+	599.822)	/ 2 )
=	25.8653026	/	644.0155
=	4.02 %

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	))
=	1023.175	-	278.512	-	( 123.794	-	max(0, 493.526	-	549.98	+	123.794	))
=	688.209

	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	))
=	972.859	-	258.079	-	( 144.943	-	max(0, 381.47	-	496.428	+	144.943	))
=	599.822

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:

CPM 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 )
=	-103.198	/	( ( (164.194 + max(88.916, 0))	+	(148.778 + max(25.946, 0)) )	/	2 )
=	-103.198	/	( ( 253.11	+	174.724 )	/	2 )
=	-103.198	/	213.917
=	-48.24 %

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)
=	(297.396	+	29.065	+	40.967)	-	(278.512	+	0	+	0)
=	88.916

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(155.429	+	27.353	+	101.243)	-	(258.079	+	0	+	0)
=	25.946

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:

CPM Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-56.217	/	333.048
	=	-16.88 %

CPM Group EBIT Related Terms

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CPM Group (HKSE:01932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CPM Group Ltd (HKSE:01932) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 31st Floor, CNT Tower, Wanchai, Hong Kong, HKG

Website

http://www.cpmgroup.com.hk

CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which engages in the manufacture and sale of paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland of China and Hong Kong markets. The group derives the majority of its revenue from Mainland China.

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