China Dongxiang (Group) Co (HKSE:03818) EBIT : HK$116 Mil (TTM As of Sep. 2023)

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What is China Dongxiang (Group) Co EBIT?

China Dongxiang (Group) Co's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$-472 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$116 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Dongxiang (Group) Co's annualized ROC % for the quarter that ended in Sep. 2023 was 0.85%. China Dongxiang (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -400.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Dongxiang (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -5.34%.

China Dongxiang (Group) Co EBIT Historical Data

The historical data trend for China Dongxiang (Group) Co'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 Dongxiang (Group) Co EBIT Chart

China Dongxiang (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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562.46

2,435.51

-2,205.09

209.33

China Dongxiang (Group) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-928.86	-1,254.76	-371.42	587.65	-472.06

Competitive Comparison of China Dongxiang (Group) Co's EBIT

For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co'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 Dongxiang (Group) Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where China Dongxiang (Group) Co's EV-to-EBIT falls into.

China Dongxiang (Group) Co 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$116 Mil.

China Dongxiang (Group) Co (HKSE:03818) EBIT Explanation

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

China Dongxiang (Group) Co'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 )
=	61.17 * ( 1 - 7.19% )	/	( (7080.862	+	6295.281)	/ 2 )
=	56.771877	/	6688.0715
=	0.85 %

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	))
=	12046.95	-	439.797	-	( 4526.291	-	max(0, 646.759	-	5432.305	+	4526.291	))
=	7080.862

	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	))
=	10989.92	-	397.048	-	( 4297.591	-	max(0, 603.808	-	5166.292	+	4297.591	))
=	6295.281

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 Dongxiang (Group) Co'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 )
=	-944.118	/	( ( (249.614 + max(-22.94, 0))	+	(221.361 + max(-4.8300000000002, 0)) )	/	2 )
=	-944.118	/	( ( 249.614	+	221.361 )	/	2 )
=	-944.118	/	235.4875
=	-400.92 %

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)
=	(169.857	+	382.668	+	25.756)	-	(439.797	+	0	+	161.424)
=	-22.94

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(154.516	+	384.549	+	24.66)	-	(397.048	+	0	+	171.507)
=	-4.8300000000002

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	115.586	/	-2165.447
	=	-5.34 %

China Dongxiang (Group) Co EBIT Related Terms

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China Dongxiang (Group) Co (HKSE:03818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Dongxiang (Group) Co Ltd (HKSE:03818) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CDGXY:USA CDGXF:USA 4C1:Germany

Address

Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

http://www.dxsport.com

China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through more than 1,000 company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. Sales in China account for most of the total company's revenue.

Executives

Harvest Luck Development Limited	2201 Interest of corporation controlled by you
Poseidon Sports Limited	2201 Interest of corporation controlled by you
Chen Yihong	2201 Interest of corporation controlled by you
China Dongxiang (group) Co. Ltd.	2201 Interest of corporation controlled by you
Gaea Sports Limited	2106 Person having a security interest in shares
Billion Giant Development Limited	2201 Interest of corporation controlled by you

China Dongxiang (Group) Co (HKSE:03818) Headlines

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