China New Consumption Group (HKSE:08275) EBIT : HK$-3.1 Mil (TTM As of Sep. 2023)

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What is China New Consumption Group EBIT?

China New Consumption Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was HK$-3.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-3.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China New Consumption Group's annualized ROC % for the quarter that ended in Sep. 2023 was -6.64%. China New Consumption Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -27.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China New Consumption Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -9.48%.

China New Consumption Group EBIT Historical Data

The historical data trend for China New Consumption 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.

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China New Consumption Group EBIT Chart

China New Consumption Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-0.50

-11.60

-13.05

-41.64

-27.32

China New Consumption Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-11.27	6.46	-6.77	0.75	-3.55

Competitive Comparison of China New Consumption Group's EBIT

For the Engineering & Construction subindustry, China New Consumption 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 New Consumption Group's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, China New Consumption Group's EV-to-EBIT distribution charts can be found below:

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

China New Consumption 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-3.1 Mil.

China New Consumption Group (HKSE:08275) EBIT Explanation

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

China New Consumption Group'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: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-5.724 * ( 1 - 2.56% )	/	( (0	+	83.96)	/ 1 )
=	-5.5774656	/	83.96
=	-6.64 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	152.062	-	26.494	-	( 42.619	-	max(0, 45.051	-	86.659	+	42.619	))
=	83.96

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

China New Consumption Group'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: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-14.192	/	( ( (0 + max(0, 0))	+	(51.776 + max(-22.563, 0)) )	/	1 )
=	-14.192	/	( ( 0	+	51.776 )	/	1 )
=	-14.192	/	51.776
=	-27.41 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.811	+	0	+	1.4210854715202E-14)	-	(26.494	+	0	+	14.88)
=	-22.563

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-3.114	/	32.834
	=	-9.48 %

China New Consumption Group EBIT Related Terms

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China New Consumption Group (HKSE:08275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China New Consumption Group Ltd (HKSE:08275) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.tfcel.com.hk

China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.

Executives

Wong Fei Heung Terbe	2201 Interest of corporation controlled by you
Goldstone Wealth Management Limited	2101 Beneficial owner
Goldstone 1 Lpf	2101 Beneficial owner
Lam Yu Chor Paul	2201 Interest of corporation controlled by you
Success Run International Limited	2101 Beneficial owner
Tai Pik Yeung Tyler	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

China New Consumption Group (HKSE:08275) Headlines

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