China Golden Classic Group (HKSE:08281) EBIT : HK$8.7 Mil (TTM As of Dec. 2023)

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What is China Golden Classic Group EBIT?

China Golden Classic Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$0.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Golden Classic Group's annualized ROC % for the quarter that ended in Dec. 2023 was 7.95%. China Golden Classic Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Golden Classic Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.14%.

China Golden Classic Group EBIT Historical Data

The historical data trend for China Golden Classic Group'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.

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China Golden Classic Group EBIT Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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16.23

30.06

18.99

15.12

8.89

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															11.63	-0.44	0.50	8.38	0.27

Competitive Comparison of China Golden Classic Group's EBIT

For the Household & Personal Products subindustry, China Golden Classic Group'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 Golden Classic Group's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Golden Classic Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Golden Classic Group's EV-to-EBIT falls into.

China Golden Classic Group 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$8.7 Mil.

China Golden Classic Group (HKSE:08281) EBIT Explanation

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

China Golden Classic Group'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 )
=	1.544 * ( 1 - -1193.75% )	/	( (0	+	251.235)	/ 1 )
=	19.9755	/	251.235
=	7.95 %

where

	Invested Capital		(Q: Sep. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	381.251	-	43.6	-	( 86.416	-	max(0, 92.841	-	195.504	+	86.416	))
=	251.235

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 Golden Classic Group'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 )
=	1.072	/	( ( (0 + max(0, 0))	+	(167.754 + max(21.021, 0)) )	/	1 )
=	1.072	/	( ( 0	+	188.775 )	/	1 )
=	1.072	/	188.775
=	0.57 %

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)
=	(40.475	+	31.966	+	34.397)	-	(43.6	+	0	+	42.217)
=	21.021

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 Golden Classic Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.707	/	50.786
	=	17.14 %

China Golden Classic Group EBIT Related Terms

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China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

China Golden Classic Group (HKSE:08281) Headlines

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