China Ting Group Holdings (HKSE:03398) EBIT : HK$-271 Mil (TTM As of Dec. 2023)

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What is China Ting Group Holdings EBIT?

China Ting Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-186 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-271 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Ting Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -13.36%. China Ting Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -28.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Ting Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -52.64%.

China Ting Group Holdings EBIT Historical Data

The historical data trend for China Ting Group 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 Ting Group Holdings EBIT Chart

China Ting Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-21.87

302.87

-309.60

-126.09

-271.12

China Ting Group 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															-225.21	-45.21	-80.88	-85.61	-185.52

Competitive Comparison of China Ting Group Holdings's EBIT

For the Apparel Manufacturing subindustry, China Ting Group 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 Ting Group Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Ting Group Holdings's EV-to-EBIT distribution charts can be found below:

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

China Ting Group 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$-271 Mil.

China Ting Group Holdings (HKSE:03398) EBIT Explanation

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

China Ting Group 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 )
=	-243.088 * ( 1 - -37.45% )	/	( (2536.653	+	2465.319)	/ 2 )
=	-334.124456	/	2500.986
=	-13.36 %

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	))
=	3478.222	-	527.056	-	( 414.513	-	max(0, 1014.35	-	1693.197	+	414.513	))
=	2536.653

	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	))
=	3407.15	-	617.83	-	( 324.001	-	max(0, 1128.035	-	1458.063	+	324.001	))
=	2465.319

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 Ting Group 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 )
=	-371.032	/	( ( (823.39 + max(465.116, 0))	+	(1026.681 + max(248.587, 0)) )	/	2 )
=	-371.032	/	( ( 1288.506	+	1275.268 )	/	2 )
=	-371.032	/	1281.887
=	-28.94 %

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)
=	(274.774	+	785.721	+	106.562)	-	(527.056	+	0	+	174.885)
=	465.116

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(241.837	+	696.489	+	105.925)	-	(617.83	+	0	+	177.834)
=	248.587

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-271.122	/	515.050
	=	-52.64 %

China Ting Group Holdings EBIT Related Terms

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China Ting Group Holdings (HKSE:03398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Ting Group Holdings Ltd (HKSE:03398) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, 27th Floor, King Palace Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.chinating.com.hk

China Ting Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in garment manufacturing for export and retailing branded fashion apparel in Mainland China. It operates in three reportable segments including manufacturing and sale of garments on an original equipment manufacturer (OEM), manufacturing and retailing of branded fashion apparel (Retail), and property investment. It derives the majority of its revenue from the OEM segment. Geographically, it derives a majority of its revenue from the PRC and also has an operation in North America, European Union, Hong Kong, and Other countries.

China Ting Group Holdings (HKSE:03398) Headlines

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