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Changhong Jiahua Holding (HKSE:03991) EBIT : HK$670 Mil (TTM As of Jun. 2024)


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What is Changhong Jiahua Holding EBIT?

Changhong Jiahua Holding's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$325 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$670 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changhong Jiahua Holding's annualized ROC % for the quarter that ended in Jun. 2024 was 13.51%. Changhong Jiahua Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 18.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changhong Jiahua Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 25.69%.


Changhong Jiahua Holding EBIT Historical Data

The historical data trend for Changhong Jiahua Holding'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.

Changhong Jiahua Holding EBIT Chart

Changhong Jiahua Holding 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 487.36 559.61 681.54 652.51 677.20

Changhong Jiahua Holding 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 297.17 355.34 331.44 345.76 324.67

Competitive Comparison of Changhong Jiahua Holding's EBIT

For the Electronics & Computer Distribution subindustry, Changhong Jiahua Holding'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.


Changhong Jiahua Holding's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changhong Jiahua Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changhong Jiahua Holding's EV-to-EBIT falls into.


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Changhong Jiahua Holding 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$670 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.


Changhong Jiahua Holding  (HKSE:03991) EBIT Explanation

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

Changhong Jiahua Holding'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 )
=674.952 * ( 1 - 8.15% )/( (4166.323 + 5008.093)/ 2 )
=619.943412/4587.208
=13.51 %

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))
=17407.463 - 12153.337 - ( 1087.803 - max(0, 14586.457 - 17311.227+1087.803))
=4166.323

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))
=13945.375 - 7883.856 - ( 1053.426 - max(0, 11101.053 - 13831.923+1053.426))
=5008.093

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:

Changhong Jiahua Holding'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 )
=649.332/( ( (19.506 + max(3295.893, 0)) + (33.468 + max(3863.942, 0)) )/ 2 )
=649.332/( ( 3315.399 + 3897.41 )/ 2 )
=649.332/3606.4045
=18.00 %

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)
=(4863.658 + 5074.77 + 6153.997) - (12153.337 + 0 + 643.195)
=3295.893

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4762.821 + 4408.398 + 3155.366) - (7883.856 + 0 + 578.787)
=3863.942

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:

Changhong Jiahua Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=670.421/2609.454
=25.69 %

* 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.


Changhong Jiahua Holding EBIT Related Terms

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Changhong Jiahua Holding Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road, Unit 1412, 14th Foor, West Tower, Shun Tak Centre, Hong Kong, HKG
Changhong Jiahua Holding Ltd is an investment holding company. It operates through three segments viz. ICT Consumer Products which covers the distribution of ICT consumer products including personal computers, digital products, and IT accessories; ICT Corporate Products which is involved in the distribution of ICT corporate products including storage products, minicomputers, networking products, personal computer servers, and unified communication and contact center products; and Others include distribution of smartphones and development of its own-brand products including but not limited to intelligent terminals, sales of warranty packages and professional integrated ICT solutions and provision of ICT services. It derives prime revenue from Mainland China.
Executives
Si Chuan Neng Yuan Fa Zhan Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Zhu Jianqiu 2101 Beneficial owner
Changhong (hong Kong) Trading Ltd. 2201 Interest of corporation controlled by you
Sichuan Changhong Electric Co., Ltd. 2101 Beneficial owner
Fit Generation Holding Ltd. 2101 Beneficial owner

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