XHG (XChange Tec) EBIT : $-3.77 Mil (TTM As of Mar. 2024)

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What is XChange Tec EBIT?

XChange Tec's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was $-0.71 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. XChange Tec's annualized ROC % for the quarter that ended in Mar. 2024 was -0.58%. XChange Tec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -2,796.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. XChange Tec's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.98%.

XChange Tec EBIT Historical Data

The historical data trend for XChange Tec'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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XChange Tec EBIT Chart

XChange Tec Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-56.78

-206.02

-4.24

-64.54

-3.53

XChange Tec Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial								-29.80	-37.61	-0.49	-3.06	-0.71

Competitive Comparison of XChange Tec's EBIT

For the Real Estate Services subindustry, XChange Tec'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.

XChange Tec's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, XChange Tec's EV-to-EBIT distribution charts can be found below:

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

XChange Tec 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.77 Mil.

XChange Tec (NAS:XHG) EBIT Explanation

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

XChange Tec's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-1.412 * ( 1 - -0.32% )	/	( (98.936	+	389.635)	/ 2 )
=	-1.4165184	/	244.2855
=	-0.58 %

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	))
=	11.737	-	0.966	-	( 0.049	-	max(0, 99.902	-	11.737	+	0.049	))
=	98.936

	Invested Capital		(Q: Mar. 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	))
=	186.381	-	7.074	-	( 1.207	-	max(0, 217.522	-	7.194	+	1.207	))
=	389.635

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

XChange Tec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.412	/	( ( (0 + max(-82.126, 0))	+	(0.101 + max(-24.348, 0)) )	/	2 )
=	-1.412	/	( ( 0	+	0.101 )	/	2 )
=	-1.412	/	0.0505
=	-2,796.04 %

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	+	11.688)	-	(0.966	+	0	+	92.848)
=	-82.126

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.392	+	0	+	2.595)	-	(7.074	+	0	+	23.261)
=	-24.348

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-3.769	/	386.133
	=	-0.98 %

XChange Tec EBIT Related Terms

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XChange Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » XChange Tec Inc (NAS:XHG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1136 Xinzha Road, No.801, Building 1, JingAn District, Shanghai, CHN, 200041

Website

http://www.qk365.com

XChange Tec Inc, through its subsidiaries operates in insurance agency and insurance technology business. Its insurance products include industry and/or state-owned property and casualty insurance and regional property and casualty insurance. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support.