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Changjiu Holdings (HKSE:06959) EBIT : HK$148.7 Mil (TTM As of Dec. 2023)


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What is Changjiu Holdings EBIT?

Changjiu Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$69.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$148.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changjiu Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 77.49%. Changjiu Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 497.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changjiu Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.23%.


Changjiu Holdings EBIT Historical Data

The historical data trend for Changjiu 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.

Changjiu Holdings EBIT Chart

Changjiu Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
131.26 117.71 146.40 131.79

Changjiu Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 75.34 74.62 62.36 69.43 79.23

Competitive Comparison of Changjiu Holdings's EBIT

For the Software - Application subindustry, Changjiu 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.


Changjiu Holdings's EV-to-EBIT Distribution in the Software Industry

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

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



Changjiu 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$148.7 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.


Changjiu Holdings  (HKSE:06959) EBIT Explanation

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

Changjiu 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 )
=106.466 * ( 1 - -7.39% )/( (156.402 + 138.676)/ 2 )
=114.3338374/147.539
=77.49 %

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))
=316.855 - 113.936 - ( 79.184 - max(0, 242.065 - 288.582+79.184))
=156.402

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))
=367.418 - 93.724 - ( 146.814 - max(0, 212.106 - 347.124+146.814))
=138.676

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:

Changjiu 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 )
=138.86/( ( (13.79 + max(13.403, 0)) + (10.693 + max(17.98, 0)) )/ 2 )
=138.86/( ( 27.193 + 28.673 )/ 2 )
=138.86/27.933
=497.12 %

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)
=(196.643 + 0 + 12.755) - (113.936 + 0 + 82.059)
=13.403

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(174.872 + 0 + 25.438) - (93.724 + 0 + 88.606)
=17.98

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=148.659/1044.770
=14.23 %

* 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.


Changjiu Holdings EBIT Related Terms

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Changjiu Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN
Website
Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.
Executives
Bo Shijiu
Li Guiping
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Changjiu Holdings Headlines

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