China Environmental Resources Group (HKSE:01130) EBIT : HK$-85.96 Mil (TTM As of Dec. 2023)

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What is China Environmental Resources Group EBIT?

China Environmental Resources Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-50.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-85.96 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Environmental Resources Group's annualized ROC % for the quarter that ended in Dec. 2023 was -2.51%. China Environmental Resources Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -109.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Environmental Resources Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.21%.

China Environmental Resources Group EBIT Historical Data

The historical data trend for China Environmental Resources Group'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 Environmental Resources Group EBIT Chart

China Environmental Resources Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-138.38

-54.64

-47.59

-9.61

-36.00

China Environmental Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-4.02	-5.60	-0.13	-35.87	-50.09

Competitive Comparison of China Environmental Resources Group's EBIT

For the Auto & Truck Dealerships subindustry, China Environmental Resources Group'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 Environmental Resources Group's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Environmental Resources Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Environmental Resources Group's EV-to-EBIT falls into.

China Environmental Resources Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-85.96 Mil.

China Environmental Resources Group (HKSE:01130) EBIT Explanation

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

China Environmental Resources Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-19.718 * ( 1 - 15.09% )	/	( (681.731	+	650.528)	/ 2 )
=	-16.7425538	/	666.1295
=	-2.51 %

where

	Invested Capital		(Q: Jun. 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	))
=	718.692	-	30.705	-	( 6.256	-	max(0, 118.89	-	161.907	+	6.256	))
=	681.731

	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	))
=	679.652	-	26.198	-	( 2.926	-	max(0, 126.26	-	160.379	+	2.926	))
=	650.528

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

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

China Environmental Resources Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-100.18	/	( ( (6.637 + max(83.91, 0))	+	(7.274 + max(85.359, 0)) )	/	2 )
=	-100.18	/	( ( 90.547	+	92.633 )	/	2 )
=	-100.18	/	91.59
=	-109.38 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.774	+	33.445	+	77.228)	-	(30.705	+	0	+	12.832)
=	83.91

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16.419	+	31.326	+	78.477)	-	(26.198	+	0	+	14.665)
=	85.359

When net working capital is negative, 0 is used.

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

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

China Environmental Resources Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-85.964	/	224.997
	=	-38.21 %

China Environmental Resources Group EBIT Related Terms

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China Environmental Resources Group (HKSE:01130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Environmental Resources Group Ltd (HKSE:01130) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RS1:Singapore

Address

No. 1 Science Museum Road, Room 2608, 26th Floor, Greenfield Tower, Concordia Plaza, Tsim Sha Tsui East Kowloon, Hong Kong, HKG

Website

https://www.cergroup.com.hk

China Environmental Resources Group Ltd is an investment holding company. It has seven reportable segments: Trading of recycled metals; Trading of motor vehicles and related accessories; Property investment; Provision of financial services; Sales of golden flower tea products; Securities trading and investment; and Sales of plantation materials and products. It has geographic operations in the PRC, Hong Kong, Nepal, and Macau. It derives a vast majority of the revenues from the trading of motor vehicles and related accessories segment within Hong Kong.

Executives

Cheung Wai Fung	2201 Interest of corporation controlled by you
Kwai Sze Hoi	2201 Interest of corporation controlled by you
Ocean Line Holdings Limited	2101 Beneficial owner
Yeung Chi Hang	2101 Beneficial owner

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