PHCFF (Puhui Wealth Investment Management Co) EBIT : $-3.47 Mil (TTM As of Dec. 2021)

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What is Puhui Wealth Investment Management Co EBIT?

Puhui Wealth Investment Management Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2021 was $-1.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was $-3.47 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Puhui Wealth Investment Management Co's annualized ROC % for the quarter that ended in Dec. 2021 was -52.84%. Puhui Wealth Investment Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -332.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Puhui Wealth Investment Management Co EBIT Historical Data

The historical data trend for Puhui Wealth Investment Management Co'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.

Puhui Wealth Investment Management Co EBIT Chart

Puhui Wealth Investment Management Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

EBIT

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1.17

0.30

-2.57

-4.52

-3.93

Puhui Wealth Investment Management Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
EBIT	Get a 7-Day Free Trial							-3.39	-1.13	-2.27	-1.66	-1.82

Competitive Comparison of Puhui Wealth Investment Management Co's EBIT

For the Asset Management subindustry, Puhui Wealth Investment Management Co'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.

Puhui Wealth Investment Management Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Puhui Wealth Investment Management Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Puhui Wealth Investment Management Co's EV-to-EBIT falls into.

Puhui Wealth Investment Management Co 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.47 Mil.

Puhui Wealth Investment Management Co (OTCPK:PHCFF) EBIT Explanation

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

Puhui Wealth Investment Management Co's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	-3.632 * ( 1 - -0.32% )	/	( (7.371	+	6.419)	/ 2 )
=	-3.6436224	/	6.895
=	-52.84 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	8.429	-	1.527	-	( 0.976	-	max(0, 3.721	-	3.252	+	0.976	))
=	7.371

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	7.572	-	1.299	-	( 1.35	-	max(0, 3.513	-	3.367	+	1.35	))
=	6.419

Note: The Operating Income data used here is two times the semi-annual (Dec. 2021) data.

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

Puhui Wealth Investment Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Dec. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.632	/	( ( (1.24 + max(-0.681, 0))	+	(0.944 + max(-0.56, 0)) )	/	2 )
=	-3.632	/	( ( 1.24	+	0.944 )	/	2 )
=	-3.632	/	1.092
=	-332.60 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.223	+	0	+	1)	-	(1.527	+	0.377	+	0)
=	-0.681

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.005	+	0	+	0.946)	-	(1.299	+	0.213	+	-0.00099999999999989)
=	-0.56

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

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

Puhui Wealth Investment Management Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2021 )
	=	-3.472	/	0.000
	=	%

Puhui Wealth Investment Management Co EBIT Related Terms

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Puhui Wealth Investment Management Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Puhui Wealth Investment Management Co Ltd (OTCPK:PHCFF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Chang An Street, Room 801, 802, 8th Floor, W1 Office Building, Oriental Commerce Tower, Dong Cheng District, Beijing, CHN, 100006

Website

https://www.puhuiwealth.com

Puhui Wealth Investment Management Co Ltd is a third-party wealth management service provider. The company is focused on the marketing of financial products, and managing funds for individuals and corporate clients. It generates its revenue from the commissions and recurring service fees generated through wealth management product-related services.