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China Ruifeng Renewable Energy Holdings (HKSE:00527) EBIT : HK$78.3 Mil (TTM As of Dec. 2023)


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What is China Ruifeng Renewable Energy Holdings EBIT?

China Ruifeng Renewable Energy Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$7.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$78.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Ruifeng Renewable Energy Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.93%. China Ruifeng Renewable Energy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Ruifeng Renewable Energy Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.71%.


China Ruifeng Renewable Energy Holdings EBIT Historical Data

The historical data trend for China Ruifeng Renewable Energy Holdings'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 Ruifeng Renewable Energy Holdings EBIT Chart

China Ruifeng Renewable Energy Holdings 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 96.78 -39.84 -239.92 0.46 78.26

China Ruifeng Renewable Energy Holdings 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 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 -328.32 56.91 -53.75 70.42 7.84

Competitive Comparison of China Ruifeng Renewable Energy Holdings's EBIT

For the Utilities - Renewable subindustry, China Ruifeng Renewable Energy Holdings'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 Ruifeng Renewable Energy Holdings's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Ruifeng Renewable Energy Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Ruifeng Renewable Energy Holdings's EV-to-EBIT falls into.



China Ruifeng Renewable Energy Holdings 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$78.3 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.


China Ruifeng Renewable Energy Holdings  (HKSE:00527) EBIT Explanation

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

China Ruifeng Renewable Energy Holdings'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 )
=-12.134 * ( 1 - -16.58% )/( (1554.981 + 1481.678)/ 2 )
=-14.1458172/1518.3295
=-0.93 %

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))
=2122.034 - 160.743 - ( 406.31 - max(0, 566.641 - 997.633+406.31))
=1554.981

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))
=2040.411 - 134.856 - ( 423.877 - max(0, 446.577 - 992.872+423.877))
=1481.678

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 Ruifeng Renewable Energy Holdings'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 )
=15.678/( ( (1051.379 + max(64.963, 0)) + (969.156 + max(434.138, 0)) )/ 2 )
=15.678/( ( 1116.342 + 1403.294 )/ 2 )
=15.678/1259.818
=1.24 %

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)
=(207.22 + 0.677 + 17.809) - (160.743 + 0 + -1.1368683772162E-13)
=64.963

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(214.384 + 0 + 354.611) - (134.856 + 0 + 0.00099999999997635)
=434.138

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 Ruifeng Renewable Energy Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=78.262/1663.169
=4.71 %

* 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.


China Ruifeng Renewable Energy Holdings EBIT Related Terms

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China Ruifeng Renewable Energy Holdings (HKSE:00527) Business Description

Traded in Other Exchanges
N/A
Address
6–8 Harbour Road, Room 1002, 10/F, Shui On Centre, Wanchai, Hong Kong, HKG
China Ruifeng Renewable Energy Holdings Ltd is an investment holding company. It focuses on manufacturing and processing wind turbine blades and components. The company operates primarily in one business segment namely wind turbine blades to generate electrical power. The company's major operations and markets are located in the People's Republic of China.
Executives
Yuan Wanyong 2101 Beneficial owner
Filled Converge Limited 2101 Beneficial owner
Diamond Era Holdings Limited 2101 Beneficial owner
Xu Yingjie 2101 Beneficial owner
Zhang Zhixiang 2101 Beneficial owner

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