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China Information Technology Development (HKSE:08178) EBIT : HK$-17.38 Mil (TTM As of Dec. 2023)


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What is China Information Technology Development EBIT?

China Information Technology Development's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$-5.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-17.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Information Technology Development's annualized ROC % for the quarter that ended in Dec. 2023 was 3.36%. China Information Technology Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -511.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Information Technology Development's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.18%.


China Information Technology Development EBIT Historical Data

The historical data trend for China Information Technology Development'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.

China Information Technology Development EBIT Chart

China Information Technology Development 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 -75.66 0.49 -79.01 -75.71 -17.38

China Information Technology Development Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -0.40 -0.37 -11.50 -5.10 -

Competitive Comparison of China Information Technology Development's EBIT

For the Information Technology Services subindustry, China Information Technology Development'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.


China Information Technology Development's EV-to-EBIT Distribution in the Software Industry

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

* The bar in red indicates where China Information Technology Development's EV-to-EBIT falls into.


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China Information Technology Development 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 quarterly data reported by the company within the most recent 12 months, which was HK$-17.38 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.


China Information Technology Development  (HKSE:08178) EBIT Explanation

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

China Information Technology Development'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=11.164 * ( 1 - 1.12% )/( (0 + 328.802)/ 1 )
=11.0389632/328.802
=3.36 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

China Information Technology Development'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-20.4/( ( (0 + max(0, 0)) + (3.99 + max(-5.141, 0)) )/ 1 )
=-20.4/( ( 0 + 3.99 )/ 1 )
=-20.4/3.99
=-511.28 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.584 + 0.121 + 0) - (12.693 + 0 + 8.153)
=-5.141

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Information Technology Development's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-17.382/281.236
=-6.18 %

* 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.


China Information Technology Development EBIT Related Terms

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China Information Technology Development Business Description

Traded in Other Exchanges
N/A
Address
392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG
China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company provides system integration and related support services, IT infrastructure solutions, maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.
Executives
Ngan Chiu Fai 2201 Interest of corporation controlled by you
Shih Mei Ling 2201 Interest of corporation controlled by you
Zhang Rong 2101 Beneficial owner
A M K M Investments L.l.c. 2101 Beneficial owner
Al-maktoum Shaikh Ahmed Bin Manea Bin Khalifa 2201 Interest of corporation controlled by you
Jstage Technology Limited 2101 Beneficial owner
Lee Ying Chiu Herbert 2201 Interest of corporation controlled by you
Choi Hing Lin Lori 2202 Interest of your spouse
Lam Shu Chung 2101 Beneficial owner
Tang Keung 2101 Beneficial owner
Valuable Fortune Limited 2101 Beneficial owner
Lee Yat Lung Andrew 2201 Interest of corporation controlled by you

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