China Tobacco International (HK) Co (HKSE:06055) EBIT : HK$1,014 Mil (TTM As of Dec. 2023)

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What is China Tobacco International (HK) Co EBIT?

China Tobacco International (HK) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$324 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,014 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Tobacco International (HK) Co's annualized ROC % for the quarter that ended in Dec. 2023 was 13.89%. China Tobacco International (HK) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Tobacco International (HK) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.74%.

China Tobacco International (HK) Co EBIT Historical Data

The historical data trend for China Tobacco International (HK) 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.

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China Tobacco International (HK) Co EBIT Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

380.35

108.54

799.33

695.44

1,013.81

China Tobacco International (HK) Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									177.62	397.33	298.11	689.94	323.88

Competitive Comparison of China Tobacco International (HK) Co's EBIT

For the Tobacco subindustry, China Tobacco International (HK) 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 Tobacco International (HK) Co's EV-to-EBIT Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's EV-to-EBIT distribution charts can be found below:

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

China Tobacco International (HK) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,014 Mil.

China Tobacco International (HK) Co (HKSE:06055) EBIT Explanation

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

China Tobacco International (HK) Co'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 )
=	533.942 * ( 1 - 22.09% )	/	( (2939.67	+	3048.558)	/ 2 )
=	415.9942122	/	2994.114
=	13.89 %

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	))
=	6254.002	-	1182.758	-	( 2162.934	-	max(0, 3630.237	-	5761.811	+	2162.934	))
=	2939.67

	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	))
=	6740.395	-	1475.838	-	( 2331.956	-	max(0, 3997.613	-	6213.612	+	2331.956	))
=	3048.558

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 Tobacco International (HK) Co'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 )
=	647.756	/	( ( (44.722 + max(2282.933, 0))	+	(43.465 + max(2373.669, 0)) )	/	2 )
=	647.756	/	( ( 2327.655	+	2417.134 )	/	2 )
=	647.756	/	2372.3945
=	27.30 %

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)
=	(1111.29	+	2487.587	+	0)	-	(1182.758	+	0	+	133.186)
=	2282.933

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(908.006	+	2973.65	+	0)	-	(1475.838	+	0	+	32.149)
=	2373.669

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 Tobacco International (HK) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1013.814	/	8638.204
	=	11.74 %

China Tobacco International (HK) Co EBIT Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

Executives

China National Tobacco Corporation	2201 Interest of corporation controlled by you
Tian Li International Company Limited	2101 Beneficial owner

China Tobacco International (HK) Co (HKSE:06055) Headlines

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