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China Hongqiao Group (HKSE:01378) EBIT : HK$20,955 Mil (TTM As of Dec. 2023)


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What is China Hongqiao Group EBIT?

China Hongqiao Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$15,138 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$20,955 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Hongqiao Group's annualized ROC % for the quarter that ended in Dec. 2023 was 13.86%. China Hongqiao Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Hongqiao Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.31%.


China Hongqiao Group EBIT Historical Data

The historical data trend for China Hongqiao 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 Hongqiao Group EBIT Chart

China Hongqiao Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,568.12 20,401.99 32,056.44 17,449.90 20,955.06

China Hongqiao 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 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 15,934.80 15,100.82 3,063.84 5,817.13 15,137.93

Competitive Comparison of China Hongqiao Group's EBIT

For the Aluminum subindustry, China Hongqiao 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 Hongqiao Group's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Hongqiao Group's EV-to-EBIT distribution charts can be found below:

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



China Hongqiao 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$20,955 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 Hongqiao Group  (HKSE:01378) EBIT Explanation

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

China Hongqiao 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 )
=30146.76 * ( 1 - 20.93% )/( (164173.804 + 179699.989)/ 2 )
=23837.043132/171936.8965
=13.86 %

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))
=207116.478 - 26895.434 - ( 32569.213 - max(0, 79883.023 - 95930.263+32569.213))
=164173.804

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))
=219105.879 - 24786.62 - ( 34695.893 - max(0, 80971.495 - 95590.765+34695.893))
=179699.989

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 Hongqiao 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 )
=30275.866/( ( (82844.801 + max(30688.902, 0)) + (77992.083 + max(26720.978, 0)) )/ 2 )
=30275.866/( ( 113533.703 + 104713.061 )/ 2 )
=30275.866/109123.382
=27.74 %

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)
=(5550.749 + 39208.141 + 12844.999) - (26895.434 + 0 + 19.553)
=30688.902

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6003.48 + 37143.041 + 10780.254) - (24786.62 + 0 + 2419.177)
=26720.978

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=20955.065/157384.341
=13.31 %

* 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 Hongqiao Group EBIT Related Terms

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China Hongqiao Group (HKSE:01378) Business Description

Traded in Other Exchanges
Address
Huixian One Road, Zouping Economic Development District, Shandong Province, Zouping, CHN, 256200
China Hongqiao Group Ltd manufactures and sells aluminum products. Its products include molten aluminum alloy, aluminum alloy ingots, aluminum busbars, aluminum alloy processing products, and alumina products. The company has the manufacturing and sale of aluminum products segment. The company's geographical segments are China, India, Europe, Malaysia, and others, out of which China accounts for the majority of the revenue.
Executives
Citic Group Corporation 2201 Interest of corporation controlled by you
Citic Limited 2201 Interest of corporation controlled by you
Cti Capital Management Limited 2101 Beneficial owner
China Hongqiao Holdings Limited
Shiping Prosperity Private Trust Company
Zhang Bo
Zhang Hongxia
Zhang Yanhong
Zhang Shiping
Zheng Shuliang
Zhong Xin Xin Hui Guo Ji Zi Ben You Xian Gong Si

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