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ZX (HKSE:09890) EBIT : HK$-493 Mil (TTM As of Jun. 2024)


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What is ZX EBIT?

ZX's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-418 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-493 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ZX's annualized ROC % for the quarter that ended in Jun. 2024 was -3.62%. ZX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -64.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ZX's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -7.73%.


ZX EBIT Historical Data

The historical data trend for ZX'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.

ZX EBIT Chart

ZX Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-1,443.42 842.70 691.87 467.84

ZX Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial - - 542.54 -74.70 -417.81

Competitive Comparison of ZX's EBIT

For the Electronic Gaming & Multimedia subindustry, ZX'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.


ZX's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ZX's EV-to-EBIT distribution charts can be found below:

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



ZX 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$-493 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.


ZX  (HKSE:09890) EBIT Explanation

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

ZX'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 )
=-240.332 * ( 1 - 7.54% )/( (6944.99 + 5346.421)/ 2 )
=-222.2109672/6145.7055
=-3.62 %

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))
=7949.815 - 1849.462 - ( 991.822 - max(0, 5289.73 - 4445.093+991.822))
=6944.99

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))
=6723.981 - 1901.274 - ( 921.324 - max(0, 4517.633 - 3993.919+921.324))
=5346.421

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:

ZX'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 )
=-835.618/( ( (488.277 + max(1426.283, 0)) + (433.415 + max(242.868, 0)) )/ 2 )
=-835.618/( ( 1914.56 + 676.283 )/ 2 )
=-835.618/1295.4215
=-64.51 %

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)
=(339.833 + 3.177 + 3026.138) - (1849.462 + 0 + 93.403)
=1426.283

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(308.414 + 2.859 + 1832.869) - (1901.274 + 0 + 0)
=242.868

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-492.509/6369.579
=-7.73 %

* 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.


ZX EBIT Related Terms

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ZX Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN
ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of game products. Its geographic markets are Mainland China and Hong Kong. It generates revenue from marketing and operating online games and consumer product business, including sales of private-label and local-flavor rice noodle products and other fast consumer foods under the brand Zha Zha Hui.
Executives
Wu Xubo 2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd. 2301 Trustee
Wxland Holding Limited 2201 Interest of corporation controlled by you
Wxland International Ltd 2101 Beneficial owner
Wxland Limited 2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited 2301 Trustee
Wu Xuan 2307 Founder of a discretionary trust who can infl
Wxzela International Ltd 2101 Beneficial owner
Zela Holding Limited 2201 Interest of corporation controlled by you
Chen Yang 2201 Interest of corporation controlled by you
Wxworld Holding Limited 2101 Beneficial owner

ZX Headlines

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