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China Agri-Products Exchange (HKSE:00149) EBIT : HK$127.5 Mil (TTM As of Sep. 2023)


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What is China Agri-Products Exchange EBIT?

China Agri-Products Exchange's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$95.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$127.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Agri-Products Exchange's annualized ROC % for the quarter that ended in Sep. 2023 was 1.44%. China Agri-Products Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 27.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Agri-Products Exchange's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 8.81%.


China Agri-Products Exchange EBIT Historical Data

The historical data trend for China Agri-Products Exchange'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 Agri-Products Exchange EBIT Chart

China Agri-Products Exchange Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.51 97.62 801.55 237.76 146.35

China Agri-Products Exchange Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.57 103.19 114.72 31.63 95.84

Competitive Comparison of China Agri-Products Exchange's EBIT

For the Real Estate - Diversified subindustry, China Agri-Products Exchange'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 Agri-Products Exchange's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Agri-Products Exchange's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Agri-Products Exchange's EV-to-EBIT falls into.



China Agri-Products Exchange 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$127.5 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.


China Agri-Products Exchange  (HKSE:00149) EBIT Explanation

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

China Agri-Products Exchange's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=138.54 * ( 1 - 58.16% )/( (4161.755 + 3891.651)/ 2 )
=57.965136/4026.703
=1.44 %

where

Invested Capital(Q: Mar. 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))
=4915.193 - 440.649 - ( 312.789 - max(0, 1070.683 - 1882.2+312.789))
=4161.755

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))
=4600.612 - 430.166 - ( 278.795 - max(0, 1158.26 - 1751.649+278.795))
=3891.651

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

China Agri-Products Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=191.684/( ( (82.408 + max(642.224, 0)) + (73.54 + max(578.833, 0)) )/ 2 )
=191.684/( ( 724.632 + 652.373 )/ 2 )
=191.684/688.5025
=27.84 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.964 + 1323.709 + 151.625) - (440.649 + 0 + 394.425)
=642.224

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.364 + 1209.821 + 148.885) - (430.166 + 0 + 352.071)
=578.833

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

China Agri-Products Exchange's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=127.472/1446.178
=8.81 %

* 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.


China Agri-Products Exchange EBIT Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.
Executives
Tang Ching Ho 2201 Interest of corporation controlled by you
Wang On Group Limited 2201 Interest of corporation controlled by you
Yau Yuk Yin 2202 Interest of your spouse
Wai Yuen Tong Medicine Holdings Limited 2201 Interest of corporation controlled by you
Easy One Financial Group Limited 2201 Interest of corporation controlled by you
Biomore Investments Limited 2201 Interest of corporation controlled by you
Goal Success Investments Limited 2101 Beneficial owner
Total Smart Investments Limited 2201 Interest of corporation controlled by you

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