China Zenith Chemical Group (HKSE:00362) EBIT : HK$-438.08 Mil (TTM As of Dec. 2023)

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What is China Zenith Chemical Group EBIT?

China Zenith Chemical Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-29.98 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-438.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Zenith Chemical Group's annualized ROC % for the quarter that ended in Dec. 2023 was -5.62%. China Zenith Chemical Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Zenith Chemical Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -33.70%.

China Zenith Chemical Group EBIT Historical Data

The historical data trend for China Zenith Chemical 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.

* Premium members only.

China Zenith Chemical Group EBIT Chart

China Zenith Chemical Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

-606.19

-254.86

-240.82

-94.97

-72.61

China Zenith Chemical Group 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															33.91	-128.88	335.50	-408.11	-29.98

Competitive Comparison of China Zenith Chemical Group's EBIT

For the Utilities - Regulated Electric subindustry, China Zenith Chemical 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 Zenith Chemical Group's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Zenith Chemical Group's EV-to-EBIT distribution charts can be found below:

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

China Zenith Chemical 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-438.08 Mil.

China Zenith Chemical Group (HKSE:00362) EBIT Explanation

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

China Zenith Chemical Group'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 )
=	-62.986 * ( 1 - 0% )	/	( (1040.38	+	1200.477)	/ 2 )
=	-62.986	/	1120.4285
=	-5.62 %

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	))
=	666.629	-	421.037	-	( 3.014	-	max(0, 840.482	-	45.694	+	3.014	))
=	1040.38

	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	))
=	677.116	-	468.502	-	( 1.226	-	max(0, 1062.057	-	70.194	+	1.226	))
=	1200.477

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 Zenith Chemical Group'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 )
=	-59.958	/	( ( (618.86 + max(-407.464, 0))	+	(604.846 + max(-430.469, 0)) )	/	2 )
=	-59.958	/	( ( 618.86	+	604.846 )	/	2 )
=	-59.958	/	611.853
=	-9.80 %

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)
=	(5.43	+	2.125	+	24.947)	-	(421.037	+	0	+	18.929)
=	-407.464

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.317	+	10.948	+	8.768)	-	(468.502	+	0	+	0)
=	-430.469

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 Zenith Chemical Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-438.084	/	1300.081
	=	-33.70 %

China Zenith Chemical Group EBIT Related Terms

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China Zenith Chemical Group (HKSE:00362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Zenith Chemical Group Ltd (HKSE:00362) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

26 Harbour Road, Room 4007, 40th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chinazenith.com.hk

China Zenith Chemical Group Ltd is an investment holding company which is engaged in the generation and supply of heat and power. The company's operating segments are Heat and power, Chemical products for agriculture, Calcium carbide, and Construction services. It generates maximum revenue from the Calcium carbide segment. The Calcium carbide segment is engaged in manufacture and sale of calcium carbide and lime powder. Geographically, it derives revenue from the People's Republic of China.

Executives

Cheung Hung	2101 Beneficial owner
Zhong Kuang Lian He Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Chiau Che Kong	2101 Beneficial owner
Tang Yiduan	2101 Beneficial owner
Chin Chun Hin	2101 Beneficial owner
Chan Yuen Tung	2101 Beneficial owner
Cheng Ka Kui Arnold	2101 Beneficial owner
Cha Jung Hoon	2101 Beneficial owner
Sze Ching Lau

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