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China Rongzhong Financial Holdings Co (HKSE:03963) EBIT : HK$-9.28 Mil (TTM As of Sep. 2024)


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What is China Rongzhong Financial Holdings Co EBIT?

China Rongzhong Financial Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was HK$-2.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-9.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Rongzhong Financial Holdings Co's annualized ROC % for the quarter that ended in Sep. 2024 was -11.87%. China Rongzhong Financial Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -7.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Rongzhong Financial Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -5.25%.


China Rongzhong Financial Holdings Co EBIT Historical Data

The historical data trend for China Rongzhong Financial 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.

China Rongzhong Financial Holdings Co EBIT Chart

China Rongzhong Financial Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -35.86 -91.80 -534.98 -89.70 -2.27

China Rongzhong Financial Holdings Co Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -4.65 -85.05 4.72 -6.99 -2.29

Competitive Comparison of China Rongzhong Financial Holdings Co's EBIT

For the Credit Services subindustry, China Rongzhong Financial 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.


China Rongzhong Financial Holdings Co's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Rongzhong Financial Holdings Co's EV-to-EBIT distribution charts can be found below:

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


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China Rongzhong Financial 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-9.28 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 Rongzhong Financial Holdings Co  (HKSE:03963) EBIT Explanation

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

China Rongzhong Financial Holdings Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-15.066 * ( 1 - -0.06% )/( (124.869 + 129.072)/ 2 )
=-15.0750396/126.9705
=-11.87 %

where

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

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

China Rongzhong Financial Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.582/( ( (60.79 + max(-17.837, 0)) + (64.3 + max(-15.507, 0)) )/ 2 )
=-4.582/( ( 60.79 + 64.3 )/ 2 )
=-4.582/62.545
=-7.33 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.546 + 0 + 0) - (7.752 + 0 + 16.631)
=-17.837

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.304 + 0 + -1.7763568394003E-15) - (7.796 + 0 + 15.015)
=-15.507

When net working capital is negative, 0 is used.

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

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

China Rongzhong Financial Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-9.282/176.897
=-5.25 %

* 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 Rongzhong Financial Holdings Co EBIT Related Terms

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China Rongzhong Financial Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
Unit 3901, 89 Queensway, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG
China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating leases; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.
Executives
Kwok Gareth Wing-sien 2202 Interest of your spouse
Goldbond Group Holdings Limited 2101 Beneficial owner
Wong Yu Lung, Charles 2301 Trustee
Wong Fang Pik Chun 2301 Trustee
Wong Yatyee Michelle 2305 Beneficiary of a trust
Wong Jacqueline Yue Yee 2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited 2101 Beneficial owner
Yeung Nam 2202 Interest of your spouse
Lee Cheuk Yin Dannis 2101 Beneficial owner
Zhao John Huan 2201 Interest of corporation controlled by you
Silver Creation Investments Limited 2101 Beneficial owner
Hony Managing Partners Limited 2201 Interest of corporation controlled by you
Hony Group Management Limited 2201 Interest of corporation controlled by you

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