China Next-Gen Commerce and Supply Chain (HKSE:03928) EBIT: HK$-38.9 Mil (TTM As of Mar. 2026)

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HKSE:03928 China Next-Gen Commerce and Supply Chain Ltd HKSE:03928
52 GF Score
Price HK$26.30
GF Value HK$1.74
Valuation Significantly Overvalued
! 3 Warning Signs
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What is China Next-Gen Commerce and Supply Chain EBIT?

China Next-Gen Commerce and Supply Chain HKSE:03928 +0.77% 52 EBIT is HK$-38.9 Mil as of Mar. 2026. GuruFocus rates HKSE:03928 with a GF Score™ of 52/100 and a GF Value™ of HK$1.74 (Significantly Overvalued). The stock has 3 warning signs investors should review.

China Next-Gen Commerce and Supply Chain's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was HK$-32.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-38.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Next-Gen Commerce and Supply Chain's annualized ROC % for the quarter that ended in Mar. 2026 was -27.34%. China Next-Gen Commerce and Supply Chain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -110.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Next-Gen Commerce and Supply Chain's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.30%.


China Next-Gen Commerce and Supply Chain  (HKSE:03928) EBIT Explanation

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

China Next-Gen Commerce and Supply Chain's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-67.846 * ( 1 - 0% )/( (244.405 + 251.931)/ 2 )
=-67.846/248.168
=-27.34 %

where

Invested Capital(Q: Sep. 2025 )
=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))
=359.755 - 95.626 - ( 19.724 - max(0, 161.578 - 191.324+19.724))
=244.405

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

China Next-Gen Commerce and Supply Chain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-65.374/( ( (59.79 + max(-55.748, 0)) + (58.462 + max(-33.807, 0)) )/ 2 )
=-65.374/( ( 59.79 + 58.462 )/ 2 )
=-65.374/59.126
=-110.57 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.606 + 0 + 14.403) - (95.626 + 0 + 10.131)
=-55.748

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.738 + 11.359 + 34.962) - (89.29 + 0 + 12.576)
=-33.807

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

China Next-Gen Commerce and Supply Chain's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-38.85/12918.824
=-0.30 %

* 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 Next-Gen Commerce and Supply Chain EBIT Related Terms


China Next-Gen Commerce and Supply Chain EBIT Historical Data

* Premium members only.

The historical data trend for China Next-Gen Commerce and Supply Chain'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.

China Next-Gen Commerce and Supply Chain EBIT Chart

China Next-Gen Commerce and Supply Chain Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -58.07 -1.33 -1.62 0.73 -1.47

China Next-Gen Commerce and Supply Chain Semi-Annual Data
Sep16 Sep17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 4.12 -3.51 4.51 -6.16 -32.69

HKSE:03928 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, China Next-Gen Commerce and Supply Chain'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 Next-Gen Commerce and Supply Chain EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, China Next-Gen Commerce and Supply Chain's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Next-Gen Commerce and Supply Chain's EV-to-EBIT falls into.


HKSE:03928
52GF Score
China Next-Gen Commerce and Supply Chain Ltd HKSE:03928
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Next-Gen Commerce and Supply Chain 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-38.9 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of HK$-38.9 Mil mean?
China Next-Gen Commerce and Supply Chain (HKSE:03928) has a EBIT of HK$-38.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Next-Gen Commerce and Supply Chain.
Is China Next-Gen Commerce and Supply Chain's EBIT too high?
China Next-Gen Commerce and Supply Chain's current EBIT is HK$-38.9 Mil. Overall, China Next-Gen Commerce and Supply Chain has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Next-Gen Commerce and Supply Chain's EBIT compare to PWR and FIX?
China Next-Gen Commerce and Supply Chain's EBIT of HK$-38.9 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Next-Gen Commerce and Supply Chain. China Next-Gen Commerce and Supply Chain's current EBIT is HK$-38.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Next-Gen Commerce and Supply Chain stock overvalued right now?
Based on GuruFocus' analysis, China Next-Gen Commerce and Supply Chain (HKSE:03928) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.74, compared to a current price of HK$26.30 — trading 1411.5% above its estimated fair value. The current EBIT is HK$-38.9 Mil. China Next-Gen Commerce and Supply Chain's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For China Next-Gen Commerce and Supply Chain (HKSE:03928), the current EBIT is HK$-38.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Next-Gen Commerce and Supply Chain (HKSE:03928) Overvalued in 2026?

Based on GuruFocus' analysis, China Next-Gen Commerce and Supply Chain stock appears to be overvalued. The current stock price of HK$26.30 is trading 1411.5% above its estimated GF Value™ of HK$1.74. GuruFocus considers China Next-Gen Commerce and Supply Chain to be Significantly Overvalued.

Key valuation signals for HKSE:03928:

  • EBIT: HK$-38.9 Mil
  • GF Value™: HK$1.74 vs. price of HK$26.30 (1411.5% above fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the HKSE:03928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Next-Gen Commerce and Supply Chain Business Description

Address 16 Kian Teck Way, Singapore, SGP, 628749
China Next-Gen Commerce and Supply Chain Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of construction services and property investment in Singapore. It has two operating segments as follows: i) Construction services: provision of civil engineering works, building construction works and other ancillary services to government and commercial corporations. ii) Property investment: leasing of residential and industrial properties. The majority of the company's revenue is derived from the Construction services segment. Geographically, the company derives all of its revenue from Singapore.
52GF Score

Get the complete analysis for HKSE:03928

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$26.30
Price
HK$1.74
GF Value