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Bairong (HKSE:06608) EBIT : HK$320 Mil (TTM As of Jun. 2024)


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What is Bairong EBIT?

Bairong's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$169 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$320 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bairong's annualized ROC % for the quarter that ended in Jun. 2024 was 7.26%. Bairong's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 102.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bairong's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 36.17%.


Bairong EBIT Historical Data

The historical data trend for Bairong'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.

Bairong EBIT Chart

Bairong Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -96.31 -118.24 -4,393.44 269.76 385.58

Bairong Semi-Annual Data
Dec17 Dec18 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 112.28 162.79 234.70 150.89 169.05

Competitive Comparison of Bairong's EBIT

For the Software - Infrastructure subindustry, Bairong'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.


Bairong's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Bairong's EV-to-EBIT distribution charts can be found below:

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


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Bairong 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$320 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.


Bairong  (HKSE:06608) EBIT Explanation

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

Bairong'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 )
=228.092 * ( 1 - 6.92% )/( (3370.525 + 2477.926)/ 2 )
=212.3080336/2924.2255
=7.26 %

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))
=6022.094 - 416.724 - ( 2234.845 - max(0, 1130.74 - 3373.015+2234.845))
=3370.525

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))
=5952.805 - 300.61 - ( 3174.269 - max(0, 1016.947 - 4622.71+3174.269))
=2477.926

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:

Bairong'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 )
=338.094/( ( (110.542 + max(-65.355, 0)) + (129.146 + max(420.757, 0)) )/ 2 )
=338.094/( ( 110.542 + 549.903 )/ 2 )
=338.094/330.2225
=102.38 %

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)
=(567.941 + 0 + 354.788) - (416.724 + 0 + 571.36)
=-65.355

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(619.46 + 0 + 746.487) - (300.61 + 0 + 644.58)
=420.757

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:

Bairong's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=319.937/884.636
=36.17 %

* 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.


Bairong EBIT Related Terms

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Bairong Business Description

Traded in Other Exchanges
Address
No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN
Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.
Executives
Genisage Tech Inc. 2101 Beneficial owner
Genisage Holdings Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Zhang Shaofeng 2101 Beneficial owner
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
Hong Jing 2201 Interest of corporation controlled by you
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd. 2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p. 2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited 2101 Beneficial owner
Shanghai Zhexuan Investment Partnership (l.p.) 2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.) 2201 Interest of corporation controlled by you
Max Elegant Limited 2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited 2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p. 2201 Interest of corporation controlled by you
Zhou Kui 2201 Interest of corporation controlled by you

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