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Shenzhen Zhongheng Huafa Co (SZSE:000020) EBIT : ¥17.6 Mil (TTM As of Mar. 2024)


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What is Shenzhen Zhongheng Huafa Co EBIT?

Shenzhen Zhongheng Huafa Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥6.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥17.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen Zhongheng Huafa Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.01%. Shenzhen Zhongheng Huafa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen Zhongheng Huafa Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.91%.


Shenzhen Zhongheng Huafa Co EBIT Historical Data

The historical data trend for Shenzhen Zhongheng Huafa 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.

Shenzhen Zhongheng Huafa Co EBIT Chart

Shenzhen Zhongheng Huafa Co 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 18.39 17.33 19.82 20.51 19.43

Shenzhen Zhongheng Huafa Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.69 2.36 5.79 2.59 6.89

Competitive Comparison of Shenzhen Zhongheng Huafa Co's EBIT

For the Electronic Components subindustry, Shenzhen Zhongheng Huafa 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.


Shenzhen Zhongheng Huafa Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zhongheng Huafa Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongheng Huafa Co's EV-to-EBIT falls into.



Shenzhen Zhongheng Huafa 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥17.6 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.


Shenzhen Zhongheng Huafa Co  (SZSE:000020) EBIT Explanation

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

Shenzhen Zhongheng Huafa Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=24.684 * ( 1 - 21.93% )/( (273.733 + 275.867)/ 2 )
=19.2707988/274.8
=7.01 %

where

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))
=570.545 - 186.784 - ( 110.028 - max(0, 201.015 - 327.251+110.028))
=273.733

Invested Capital(Q: Mar. 2024 )
=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))
=592.74 - 201.133 - ( 115.74 - max(0, 217.944 - 351.547+115.74))
=275.867

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Shenzhen Zhongheng Huafa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.544/( ( (156.905 + max(6.181, 0)) + (155.735 + max(-3.415, 0)) )/ 2 )
=27.544/( ( 163.086 + 155.735 )/ 2 )
=27.544/159.4105
=17.28 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(111.616 + 68.819 + 26.761) - (186.784 + 0 + 14.231)
=6.181

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114.158 + 69.91 + 30.461) - (201.133 + 0 + 16.811)
=-3.415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Shenzhen Zhongheng Huafa Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=17.624/1932.767
=0.91 %

* 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.


Shenzhen Zhongheng Huafa Co EBIT Related Terms

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Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Traded in Other Exchanges
Address
6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031
Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.
Executives
Huang Yan Bo Supervisors
Tang Gan Yu Executives

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