Zall Smart Commerce Group (HKSE:02098) EBIT: HK$871 Mil (TTM As of Dec. 2025)

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What is Zall Smart Commerce Group EBIT?

Zall Smart Commerce Group HKSE:02098 EBIT is HK$871 Mil as of Dec. 2025. The stock has 3 warning signs investors should review.

Zall Smart Commerce Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$514 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$871 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zall Smart Commerce Group's annualized ROC % for the quarter that ended in Dec. 2025 was -0.03%. Zall Smart Commerce Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 82.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zall Smart Commerce Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.36%.


Zall Smart Commerce Group  (HKSE:02098) EBIT Explanation

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

Zall Smart Commerce Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-112.256 * ( 1 - 82.1% )/( (58821.295 + 59077.502)/ 2 )
=-20.093824/58949.3985
=-0.03 %

where

Invested Capital(Q: Jun. 2025 )
=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))
=76276.161 - 22016.243 - ( 1678.62 - max(0, 51082.195 - 46520.818+1678.62))
=58821.295

Invested Capital(Q: Dec. 2025 )
=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))
=68190.651 - 15844.219 - ( 1686.312 - max(0, 44045.131 - 37314.061+1686.312))
=59077.502

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Zall Smart Commerce Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1027.602/( ( (368.187 + max(353.766, 0)) + (379.431 + max(1395.928, 0)) )/ 2 )
=1027.602/( ( 721.953 + 1775.359 )/ 2 )
=1027.602/1248.656
=82.30 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11037.633 + 4731.36 + 25122.429) - (22016.243 + 0 + 18521.413)
=353.766

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5894.551 + 4174.572 + 22384.538) - (15844.219 + 0 + 15213.514)
=1395.928

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=871.207/16252.081
=5.36 %

* 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.


Zall Smart Commerce Group EBIT Related Terms


Zall Smart Commerce Group EBIT Historical Data

* Premium members only.

The historical data trend for Zall Smart Commerce 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.

Zall Smart Commerce Group EBIT Chart

Zall Smart Commerce Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,083.17 -2,890.39 681.20 806.70 875.02

Zall Smart Commerce Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 292.88 467.79 342.76 357.41 513.80

HKSE:02098 vs MMM, HON: EBIT Comparison

For the Conglomerates subindustry, Zall Smart Commerce 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.


Zall Smart Commerce Group EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Zall Smart Commerce Group's EV-to-EBIT distribution charts can be found below:

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



Zall Smart Commerce 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$871 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$871 Mil mean?
Zall Smart Commerce Group (HKSE:02098) has a EBIT of HK$871 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zall Smart Commerce Group.
Is Zall Smart Commerce Group's EBIT too high?
Zall Smart Commerce Group's current EBIT is HK$871 Mil.
How does Zall Smart Commerce Group's EBIT compare to MMM and HON?
Zall Smart Commerce Group's EBIT of HK$871 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Conglomerates company?
A good EBIT depends on the Conglomerates industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zall Smart Commerce Group. Zall Smart Commerce Group's current EBIT is HK$871 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zall Smart Commerce Group stock overvalued right now?
Based on GuruFocus' analysis, Zall Smart Commerce Group (HKSE:02098) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.38, compared to a current price of HK$0.07 — trading 81.8% below its estimated fair value. The current EBIT is HK$871 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Zall Smart Commerce Group (HKSE:02098), the current EBIT is HK$871 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Zall Smart Commerce Group Business Description

Address 1 Chutian Avenue, No. 1 Enterprise Community, Panlongcheng Economics and Technology Development, Hubei Province, Wuhan, CHN, 430000
Zall Smart Commerce Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and operating large-scale consumer product-focused wholesale shopping malls in the PRC, and providing supply chain management and trading business, e-commerce services, financial services, warehousing, and logistics services. The Group's reportable segments are: Property development and related services, and Supply chain management and trading, with maximum revenue coming from the latter, by providing trade-related supply chain financial services; and trading agricultural products, chemical materials, plastic raw materials, consumer goods, black and non-ferrous metals, etc. Geographically, the Group generates maximum revenue from China (PRC), and the rest from Singapore.