CSC Financial Co (HKSE:06066) EBIT : HK$18,351 Mil (TTM As of Dec. 2023)

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What is CSC Financial Co EBIT?

CSC Financial Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$8,176 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$18,351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CSC Financial Co's annualized ROC % for the quarter that ended in Dec. 2023 was 1.85%. CSC Financial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 666.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CSC Financial Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.73%.

CSC Financial Co EBIT Historical Data

The historical data trend for CSC Financial 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.

CSC Financial Co EBIT Chart

CSC Financial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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13,172.35

21,217.65

24,801.46

18,553.28

18,351.26

CSC Financial Co Semi-Annual Data
	Dec13	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															13,666.91	10,591.09	8,463.50	10,174.88	8,176.39

Competitive Comparison of CSC Financial Co's EBIT

For the Capital Markets subindustry, CSC Financial 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.

CSC Financial Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CSC Financial Co's EV-to-EBIT distribution charts can be found below:

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

CSC Financial 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$18,351 Mil.

CSC Financial Co (HKSE:06066) EBIT Explanation

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

CSC Financial Co'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 )
=	6014.668 * ( 1 - 14.67% )	/	( (294530.16	+	260225.285)	/ 2 )
=	5132.3162044	/	277377.7225
=	1.85 %

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	))
=	605318.511	-	163524.711	-	( 371701.463	-	max(0, 427838.106	-	575101.746	+	371701.463	))
=	294530.16

	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	))
=	571775.306	-	139274.975	-	( 360888.178	-	max(0, 370120.57	-	542395.616	+	360888.178	))
=	260225.285

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:

CSC Financial Co'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 )
=	16352.782	/	( ( (2416.12 + max(-141337.308, 0))	+	(2491.095 + max(-122104.297, 0)) )	/	2 )
=	16352.782	/	( ( 2416.12	+	2491.095 )	/	2 )
=	16352.782	/	2453.6075
=	666.48 %

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)
=	(12775.373	+	0	+	190624.91)	-	(163524.711	+	0	+	181212.88)
=	-141337.308

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10588.022	+	0	+	170919.416)	-	(139274.975	+	0	+	164336.76)
=	-122104.297

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	18351.27	/	-156430.996
	=	-11.73 %

CSC Financial Co EBIT Related Terms

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CSC Financial Co (HKSE:06066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CSC Financial Co Ltd (HKSE:06066) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CS0:Germany

Address

No. 188 Chaonei Avenue, Hongan International Building, Dongcheng District, Beijing, CHN, 100010

Website

https://www.csc108.com

CSC Financial Co Ltd is engaged in providing capital markets services. The operating segments of the company include investment banking business which includes equity financing business, debt financing business, and financial advisory business; wealth management business which includes brokerage and wealth management business, margin financing, security lending business, and repurchase business; trading and institutional client services business which include equity sales, fixed income sales, and prime brokerage business, and asset management business which include asset management business and fund management business. The company derives the majority of its revenue from the trading and institutional client services segment.

Executives

Wellington Management Group Llp	2102 Investment manager
Bei Jing Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager

CSC Financial Co (HKSE:06066) Headlines

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