China Networks International Holdings (China Networks International Holdings) EBIT : $-0.05 Mil (TTM As of Dec. 2018)

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What is China Networks International Holdings EBIT?

China Networks International Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2018 was $-0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $-0.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Networks International Holdings's annualized ROC % for the quarter that ended in Dec. 2018 was %. China Networks International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was %.

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

China Networks International Holdings EBIT Historical Data

The historical data trend for China Networks International Holdings'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 Networks International Holdings EBIT Chart

China Networks International Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

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-0.29

-0.11

-0.06

-0.05

China Networks International Holdings Semi-Annual Data
	Jun07	Jun08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
EBIT	Get a 7-Day Free Trial							-0.29	-0.11	-0.06	-0.05	-0.05

Competitive Comparison of China Networks International Holdings's EBIT

For the Shell Companies subindustry, China Networks International Holdings'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 Networks International Holdings's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Networks International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Networks International Holdings's EV-to-EBIT falls into.

China Networks International Holdings 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was $-0.05 Mil.

China Networks International Holdings (OTCPK:CNWHF) EBIT Explanation

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

China Networks International Holdings's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

	ROC % (Q: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2017 )	+	Invested Capital (Q: Dec. 2018 ))	/ count )
=	-0.053 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.053	/	0
=	%

where

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	0.071	-	2.914	-	( 0.071	-	max(0, 2.914	-	0.071	+	0.071	))
=	0

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	0.018	-	3.092	-	( 0.018	-	max(0, 3.092	-	0.018	+	0.018	))
=	0

Note: The Operating Income data used here is one times the annual (Dec. 2018) data.

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

China Networks International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2017		Q: Dec. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.053	/	( ( (0 + max(-2.914, 0))	+	(0 + max(-3.092, 0)) )	/	2 )
=	-0.053	/	( ( 0	+	0 )	/	2 )
=	-0.053	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.914	+	0	+	0)
=	-2.914

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(3.092	+	0	+	0)
=	-3.092

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2018) EBIT data.

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

China Networks International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2018 )
	=	-0.053	/	0.000
	=	%

China Networks International Holdings EBIT Related Terms

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China Networks International Holdings (China Networks International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Networks International Holdings Ltd (OTCPK:CNWHF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

6A Jian Guo Men Wai Avenue, 801, 29th Floor, Block C, Central International Trade Center, Chao Yang District, Beijing, CHN

Website

China Networks International Holdings Ltd is a shell company.

Executives

Kerry Propper

director, 10 percent owner

CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075

China Networks International Holdings (China Networks International Holdings) Headlines

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