China Lilang (HKSE:01234) EBIT : HK$754 Mil (TTM As of Dec. 2023)

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What is China Lilang EBIT?

China Lilang's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$381 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$754 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Lilang's annualized ROC % for the quarter that ended in Dec. 2023 was 11.38%. China Lilang's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Lilang's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.33%.

China Lilang EBIT Historical Data

The historical data trend for China Lilang'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 Lilang EBIT Chart

China Lilang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,143.65

829.95

699.12

630.65

754.37

China Lilang 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															293.70	374.01	274.34	373.35	381.02

Competitive Comparison of China Lilang's EBIT

For the Apparel Manufacturing subindustry, China Lilang'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 Lilang's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Lilang's EV-to-EBIT distribution charts can be found below:

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

China Lilang 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$754 Mil.

China Lilang (HKSE:01234) EBIT Explanation

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

China Lilang'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 )
=	671.75 * ( 1 - 21.25% )	/	( (4631.532	+	4666.587)	/ 2 )
=	529.003125	/	4649.0595
=	11.38 %

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	))
=	6712.813	-	1057.221	-	( 1024.06	-	max(0, 1448.163	-	2666.409	+	1024.06	))
=	4631.532

	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	))
=	7112.481	-	1292.2	-	( 1178.246	-	max(0, 1774.9	-	2928.594	+	1178.246	))
=	4666.587

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 Lilang'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 )
=	762.032	/	( ( (1614.246 + max(447.212, 0))	+	(1506.869 + max(285.823, 0)) )	/	2 )
=	762.032	/	( ( 2061.458	+	1792.692 )	/	2 )
=	762.032	/	1927.075
=	39.54 %

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)
=	(374.553	+	867.192	+	328.022)	-	(1057.221	+	0	+	65.334)
=	447.212

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(429.695	+	903.1	+	328.515)	-	(1292.2	+	0	+	83.287)
=	285.823

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	754.37	/	5657.078
	=	13.33 %

China Lilang EBIT Related Terms

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China Lilang (HKSE:01234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Lilang Ltd (HKSE:01234) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

5LX:Germany

Address

200 Chang Xing Road, Lilang Industrial Park, Fujian Province, Jinjiang, CHN, 362200

Website

https://www.lilanz.com

China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.

Executives

Xiao Sheng International Limited

2101 Beneficial owner

China Lilang (HKSE:01234) Headlines

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