China Electronics Huada Technology Co (HKSE:00085) EBIT : HK$779 Mil (TTM As of Dec. 2023)

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What is China Electronics Huada Technology Co EBIT?

China Electronics Huada Technology Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$133 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$779 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Electronics Huada Technology Co's annualized ROC % for the quarter that ended in Dec. 2023 was 13.24%. China Electronics Huada Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 86.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Electronics Huada Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 52.73%.

China Electronics Huada Technology Co EBIT Historical Data

The historical data trend for China Electronics Huada Technology 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 Electronics Huada Technology Co EBIT Chart

China Electronics Huada Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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258.17

-901.93

141.87

647.31

779.26

China Electronics Huada Technology Co 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															64.04	241.52	405.79	646.42	132.84

Competitive Comparison of China Electronics Huada Technology Co's EBIT

For the Semiconductors subindustry, China Electronics Huada Technology 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 Electronics Huada Technology Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, China Electronics Huada Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Electronics Huada Technology Co's EV-to-EBIT falls into.

China Electronics Huada Technology 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$779 Mil.

China Electronics Huada Technology Co (HKSE:00085) EBIT Explanation

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

China Electronics Huada Technology 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 )
=	197.764 * ( 1 - -21.45% )	/	( (1567.912	+	2060.661)	/ 2 )
=	240.184378	/	1814.2865
=	13.24 %

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	))
=	4597.697	-	1146.28	-	( 2158.932	-	max(0, 2215.299	-	4098.804	+	2158.932	))
=	1567.912

	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	))
=	4326.786	-	806.193	-	( 1791.676	-	max(0, 1754.651	-	3214.583	+	1791.676	))
=	2060.661

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 Electronics Huada Technology 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 )
=	265.682	/	( ( (56.485 + max(335.571, 0))	+	(47.358 + max(172.609, 0)) )	/	2 )
=	265.682	/	( ( 392.056	+	219.967 )	/	2 )
=	265.682	/	306.0115
=	86.82 %

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)
=	(888.972	+	1050.897	+	0.0030000000006112)	-	(1146.28	+	0	+	458.021)
=	335.571

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(574.285	+	848.621	+	0.0010000000002037)	-	(806.193	+	0	+	444.105)
=	172.609

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 Electronics Huada Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	779.259	/	1477.762
	=	52.73 %

China Electronics Huada Technology Co EBIT Related Terms

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China Electronics Huada Technology Co (HKSE:00085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Electronics Huada Technology Co Ltd (HKSE:00085) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3403, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cecht.com.cn

China Electronics Huada Technology Co Ltd is engaged in the design and sale of integrated circuit chips. The company has only one reportable segment named as Sale of integrated circuit products. The products of the company are mainly used in smart cards, RFID, and wireless communication network. It derives the majority of its revenues from the PRC.

Executives

Huada Semiconductor Co., Ltd	2201 Interest of corporation controlled by you
China Electronics Corporation (bvi) Holdings Company Limited	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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