Freetech Road Recycling Technology (Holdings) (HKSE:06888) EBIT : HK$34.1 Mil (TTM As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) EBIT?

Freetech Road Recycling Technology (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$10.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$34.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freetech Road Recycling Technology (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 was 5.36%. Freetech Road Recycling Technology (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freetech Road Recycling Technology (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 79.60%.

Freetech Road Recycling Technology (Holdings) EBIT Historical Data

The historical data trend for Freetech Road Recycling Technology (Holdings)'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.

Freetech Road Recycling Technology (Holdings) EBIT Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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19.78

43.24

54.45

-31.63

34.05

Freetech Road Recycling Technology (Holdings) Semi-Annual Data
	Jun14	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															44.40	-5.51	-26.12	23.59	10.46

Competitive Comparison of Freetech Road Recycling Technology (Holdings)'s EBIT

For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (Holdings)'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.

Freetech Road Recycling Technology (Holdings)'s EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Freetech Road Recycling Technology (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Freetech Road Recycling Technology (Holdings)'s EV-to-EBIT falls into.

Freetech Road Recycling Technology (Holdings) 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$34.1 Mil.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) EBIT Explanation

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

Freetech Road Recycling Technology (Holdings)'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 )
=	43.988 * ( 1 - 22.77% )	/	( (631.253	+	635.755)	/ 2 )
=	33.9719324	/	633.504
=	5.36 %

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	))
=	1114.683	-	243.936	-	( 239.494	-	max(0, 355.388	-	806.516	+	239.494	))
=	631.253

	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	))
=	1236.245	-	353.802	-	( 246.688	-	max(0, 454.916	-	940.614	+	246.688	))
=	635.755

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:

Freetech Road Recycling Technology (Holdings)'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 )
=	20.924	/	( ( (134.857 + max(20.985, 0))	+	(134.746 + max(-42.679, 0)) )	/	2 )
=	20.924	/	( ( 155.842	+	134.746 )	/	2 )
=	20.924	/	145.294
=	14.40 %

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)
=	(67.559	+	189.331	+	23.724)	-	(243.936	+	0	+	15.693)
=	20.985

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(103.505	+	177.335	+	30.665)	-	(353.802	+	0	+	0.38200000000001)
=	-42.679

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:

Freetech Road Recycling Technology (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	34.051	/	42.775
	=	79.60 %

Freetech Road Recycling Technology (Holdings) EBIT Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Headlines

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