Zhengye International Holdings Co (HKSE:03363) EBIT : HK$38 Mil (TTM As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Zhengye International Holdings Co EBIT?

Zhengye International Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhengye International Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 2.67%. Zhengye International Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhengye International Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.44%.

Zhengye International Holdings Co EBIT Historical Data

The historical data trend for Zhengye International 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.

Zhengye International Holdings Co EBIT Chart

Zhengye International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

183.62

134.36

366.54

152.12

37.88

Zhengye International 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															232.47	109.85	47.46	6.86	31.03

Competitive Comparison of Zhengye International Holdings Co's EBIT

For the Paper & Paper Products subindustry, Zhengye International 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.

Zhengye International Holdings Co's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhengye International Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhengye International Holdings Co's EV-to-EBIT falls into.

Zhengye International 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$38 Mil.

Zhengye International Holdings Co (HKSE:03363) EBIT Explanation

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

Zhengye International 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 )
=	59.692 * ( 1 - -17.93% )	/	( (2601.872	+	2674.11)	/ 2 )
=	70.3947756	/	2637.991
=	2.67 %

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	))
=	3125.67	-	460.639	-	( 262.47	-	max(0, 1305.319	-	1368.478	+	262.47	))
=	2601.872

	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	))
=	3273.076	-	537.016	-	( 277.727	-	max(0, 1466.63	-	1528.58	+	277.727	))
=	2674.11

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:

Zhengye International 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 )
=	62.052	/	( ( (1739.573 + max(628.42, 0))	+	(1728.289 + max(619.549, 0)) )	/	2 )
=	62.052	/	( ( 2367.993	+	2347.838 )	/	2 )
=	62.052	/	2357.9155
=	2.63 %

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)
=	(763.577	+	277.211	+	53.501)	-	(460.639	+	0	+	5.23)
=	628.42

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(854.28	+	224.562	+	124.608)	-	(537.016	+	0	+	46.885)
=	619.549

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	37.883	/	1100.755
	=	3.44 %

Zhengye International Holdings Co EBIT Related Terms

Thank you for viewing the detailed overview of Zhengye International Holdings Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhengye International Holdings Co (HKSE:03363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhengye International Holdings Co Ltd (HKSE:03363) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Boai No.6 Road, 20th Floor, Building 2, Ocean Plaza, Eastern District, Guangdong, Zhongshan, CHN

Website

http://www.zhengye-cn.com

Zhengye International Holdings Co Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the manufacturing and sale of paper, paperboard and paper-based packaging products. Operating Segments of the company are 1) Packaging paper segment produces and sells corrugated medium paper and craft paper. 2) Paper-based packaging products segment produces and sells craft cartons, color-printed cartons, honeycomb paper products and color box packaging. It operates in PRC.

Zhengye International Holdings Co (HKSE:03363) Headlines

No Headlines