China Natural Resources (China Natural Resources) EBIT : $-1.16 Mil (TTM As of Dec. 2023)

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What is China Natural Resources EBIT?

China Natural Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-0.37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.16 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Natural Resources's annualized ROC % for the quarter that ended in Dec. 2023 was 9.62%. China Natural Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -343.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.84%.

China Natural Resources EBIT Historical Data

The historical data trend for China Natural Resources'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 Natural Resources EBIT Chart

China Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-6.98

4.23

-7.66

-3.62

-1.16

China Natural Resources 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															-3.20	0.90	-4.49	-0.79	-0.37

Competitive Comparison of China Natural Resources's EBIT

For the Pollution & Treatment Controls subindustry, China Natural Resources'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 Natural Resources's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Natural Resources's EV-to-EBIT distribution charts can be found below:

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

China Natural Resources 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 $-1.16 Mil.

China Natural Resources (NAS:CHNR) EBIT Explanation

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

China Natural Resources'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 )
=	-2.6 * ( 1 - 261.22% )	/	( (52.355	+	34.79)	/ 2 )
=	4.19172	/	43.5725
=	9.62 %

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	))
=	79.433	-	44.565	-	( 4.637	-	max(0, 45.509	-	28.022	+	4.637	))
=	52.355

	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	))
=	35.546	-	24.836	-	( 0.666	-	max(0, 24.903	-	0.823	+	0.666	))
=	34.79

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 Natural Resources'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 )
=	-0.732	/	( ( (0.37 + max(-36.046, 0))	+	(0.056 + max(-24.696, 0)) )	/	2 )
=	-0.732	/	( ( 0.37	+	0.056 )	/	2 )
=	-0.732	/	0.213
=	-343.66 %

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)
=	(7.858	+	0.127	+	0.806)	-	(44.565	+	0.139	+	0.133)
=	-36.046

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.157)	-	(24.836	+	0.016	+	0.0010000000000012)
=	-24.696

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 Natural Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.158	/	8.370
	=	-13.84 %

China Natural Resources EBIT Related Terms

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China Natural Resources (China Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Natural Resources Inc (NAS:CHNR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 2205, 22nd Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.chnr.net

China Natural Resources Inc is an investment holding company. It principally engaged in the exploration and mining and wastewater treatment businesses in the People's Republic of China. The company has two operating segments: (i) Wastewater treatment segment, which consists of sales of assembled equipment, provision of construction service, and participation in PPP projects as an operator (ii) Exploration and mining segment, which consists of the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the PRC and the trading of copper ores products. It earns the majority of its revenue from the Wastewater treatment segment.

Executives

Anka Capital Ltd	10 percent owner	ROOM 2204 22F WEST TOWER SHUN TAK CENTRE, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Cheuk Ho Tam	director, officer: CFO	ROOM 2204 22F WEST TOWER SHUN TAK CENTER, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Wah On Wong	director, officer: Secretary/Controller	ROOM 2204 22F WEST TOWER SHUN TAK CENTER, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Kwan Sing Lam	director
Sing Kin Ng	director	ROOM 2105 WEST TOWER, SHUN TAK CENTER, 200 CONNAUGHT ROAD C, HONG KONG K3 00000
Kin Cheung Lo	director
Winsland Capital Ltd	10 percent owner
Lung Po Ching	director, officer: CEO	ROOM 2015 WEST TOWER SHUN TAK CENTRE, 168 CONNAUGHT ROAD CENTRAL, CENTRAL HONG KONG