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China Glass Holdings (HKSE:03300) EBIT : HK$-276 Mil (TTM As of Dec. 2023)


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What is China Glass Holdings EBIT?

China Glass Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-276 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Glass Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.69%. China Glass Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Glass Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.65%.


China Glass Holdings EBIT Historical Data

The historical data trend for China Glass 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.

China Glass Holdings EBIT Chart

China Glass 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 299.43 244.65 1,466.39 313.98 -275.83

China Glass 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 868.24 270.13 56.64 -51.14 -224.69

Competitive Comparison of China Glass Holdings's EBIT

For the Building Materials subindustry, China Glass 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.


China Glass Holdings's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Glass Holdings's EV-to-EBIT distribution charts can be found below:

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



China Glass 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$-276 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.


China Glass Holdings  (HKSE:03300) EBIT Explanation

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

China Glass 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 )
=-133.794 * ( 1 - 4.34% )/( (16840.549 + 20107.198)/ 2 )
=-127.9873404/18473.8735
=-0.69 %

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))
=14510.969 - 1249.187 - ( 1279.569 - max(0, 7392.839 - 3814.072+1279.569))
=16840.549

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))
=16363.198 - 2923.946 - ( 1324.398 - max(0, 10318.49 - 3650.544+1324.398))
=20107.198

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 Glass 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 )
=-449.384/( ( (9933.795 + max(74.321, 0)) + (11542.026 + max(-1826.071, 0)) )/ 2 )
=-449.384/( ( 10008.116 + 11542.026 )/ 2 )
=-449.384/10775.071
=-4.17 %

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)
=(269.285 + 1418.767 + 370.702) - (1249.187 + 0 + 735.246)
=74.321

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.864 + 1074.772 + 220.791) - (2923.946 + 0 + 476.552)
=-1826.071

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-275.833/10390.462
=-2.65 %

* 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.


China Glass Holdings EBIT Related Terms

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China Glass Holdings (HKSE:03300) Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG
China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.
Executives
Tung Ching Sai 2202 Interest of your spouse
Sze Tan Hung 2101 Beneficial owner
Cao Zhijiang 2201 Interest of corporation controlled by you
Easylead Management Limited 2201 Interest of corporation controlled by you
Liu Jinduo 2201 Interest of corporation controlled by you
Zhang Zuxiang 2201 Interest of corporation controlled by you
First Fortune Enterprises Limited 2101 Beneficial owner
Right Lane Limited 2201 Interest of corporation controlled by you
Lian Xiang Hong Yi Guo Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Beng Bu Hua Jin Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhao John Huan 2201 Interest of corporation controlled by you
United Strength Upward Limited 2201 Interest of corporation controlled by you
New Glory Management Limited 2201 Interest of corporation controlled by you
New Glory Fund L.p. 2101 Beneficial owner

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