China Xinhua Education Group (HKSE:02779) EBIT : HK$358.2 Mil (TTM As of Dec. 2023)

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What is China Xinhua Education Group EBIT?

China Xinhua Education Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$150.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$358.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Xinhua Education Group's annualized ROC % for the quarter that ended in Dec. 2023 was 5.93%. China Xinhua Education Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 54.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Xinhua Education Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.34%.

China Xinhua Education Group EBIT Historical Data

The historical data trend for China Xinhua Education 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.

China Xinhua Education Group EBIT Chart

China Xinhua Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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305.56

403.67

458.87

284.98

358.16

China Xinhua Education Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial												194.57	212.44	82.59	208.04	150.12

Competitive Comparison of China Xinhua Education Group's EBIT

For the Education & Training Services subindustry, China Xinhua Education 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.

China Xinhua Education Group's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Xinhua Education Group's EV-to-EBIT distribution charts can be found below:

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

China Xinhua Education 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$358.2 Mil.

China Xinhua Education Group (HKSE:02779) EBIT Explanation

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

China Xinhua Education 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 )
=	267.078 * ( 1 - 2.96% )	/	( (4200.365	+	4535.549)	/ 2 )
=	259.1724912	/	4367.957
=	5.93 %

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	))
=	4445.371	-	193.594	-	( 113.133	-	max(0, 293.881	-	345.293	+	113.133	))
=	4200.365

	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	))
=	4895.378	-	98.775	-	( 573.839	-	max(0, 563.842	-	824.896	+	573.839	))
=	4535.549

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 Xinhua Education 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 )
=	300.242	/	( ( (594.475 + max(-18.365, 0))	+	(503.637 + max(-285.298, 0)) )	/	2 )
=	300.242	/	( ( 594.475	+	503.637 )	/	2 )
=	300.242	/	549.056
=	54.68 %

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)
=	(0.628	+	0	+	220.177)	-	(193.594	+	0	+	45.576)
=	-18.365

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.156	+	0	+	220.677)	-	(98.775	+	0	+	410.356)
=	-285.298

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	358.165	/	1310.240
	=	27.34 %

China Xinhua Education Group EBIT Related Terms

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China Xinhua Education Group (HKSE:02779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Xinhua Education Group Ltd (HKSE:02779) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 555 West Wangjiangxi Road, High-Tech Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinaxhedu.com

China Xinhua Education Group Ltd is principally engaged in the provision of education services in China. It mainly provides private formal higher education and formal secondary vocational education in the Yangtze River Delta. It currently operates four private schools, namely Anhui Xinhua University, School of Clinical Medicine jointly operated by the Group and Anhui Medical University, Hongshan College, a college jointly operated by the Group and Nanjing University of Finance & Economics Hongshan College, and Anhui Xinhua School. The company generates revenues from tuition fees, and boarding fees out of which tuition fees contribute the majority part.

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