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China Weaving Materials Holdings (HKSE:03778) EBIT : HK$-4 Mil (TTM As of Jun. 2024)


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What is China Weaving Materials Holdings EBIT?

China Weaving Materials Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Weaving Materials Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 0.48%. China Weaving Materials Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Weaving Materials Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -0.47%.


China Weaving Materials Holdings EBIT Historical Data

The historical data trend for China Weaving Materials 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 Weaving Materials Holdings EBIT Chart

China Weaving Materials 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 18.34 124.94 297.11 15.16 -22.10

China Weaving Materials Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 73.33 -54.70 -11.68 -10.42 6.67

Competitive Comparison of China Weaving Materials Holdings's EBIT

For the Textile Manufacturing subindustry, China Weaving Materials 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 Weaving Materials Holdings's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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China Weaving Materials 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-4 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 Weaving Materials Holdings  (HKSE:03778) EBIT Explanation

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

China Weaving Materials Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=10.66 * ( 1 - 24.62% )/( (1732.005 + 1651.263)/ 2 )
=8.035508/1691.634
=0.48 %

where

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))
=1640.72 - 126.663 - ( 207.892 - max(0, 778.82 - 560.872+207.892))
=1732.005

Invested Capital(Q: Jun. 2024 )
=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))
=1595.731 - 109.242 - ( 192.801 - max(0, 739.659 - 574.885+192.801))
=1651.263

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

China Weaving Materials Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13.332/( ( (1057.297 + max(15.267, 0)) + (998.651 + max(50.415, 0)) )/ 2 )
=13.332/( ( 1072.564 + 1049.066 )/ 2 )
=13.332/1060.815
=1.26 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.11 + 245.249 + 87.553) - (126.663 + 0 + 207.982)
=15.267

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.138 + 298.083 + 67.437) - (109.242 + 0 + 218.001)
=50.415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-3.752/794.464
=-0.47 %

* 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 Weaving Materials Holdings EBIT Related Terms

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China Weaving Materials Holdings Business Description

Traded in Other Exchanges
N/A
Address
888 Lai Chi Kok Road, Unit B5, 22nd floor, NCB Innovation Centre, Kowloon, HKG
China Weaving Materials Holdings Ltd is an investment holding company. It is principally engaged in the business of manufacturing and trading of yarns products and related raw materials. The company operates in two segments: Yarns, which manufactures and trades yarns; and Staple fibers segment manufactures and trades polyester staple fibers. It generates maximum revenue from the Yarns segment. Geographically, it derives revenue from the PRC.
Executives
Zheng Yongxiang 2101 Beneficial owner
Marvellous Link Limited 2101 Beneficial owner

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