Pan Asia Environmental Protection Group (HKSE:00556) EBIT : HK$9.7 Mil (TTM As of Dec. 2023)

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What is Pan Asia Environmental Protection Group EBIT?

Pan Asia Environmental Protection Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$2.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$9.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pan Asia Environmental Protection Group's annualized ROC % for the quarter that ended in Dec. 2023 was -26.16%. Pan Asia Environmental Protection Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 303.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pan Asia Environmental Protection Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.05%.

Pan Asia Environmental Protection Group EBIT Historical Data

The historical data trend for Pan Asia Environmental Protection 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.

Pan Asia Environmental Protection Group EBIT Chart

Pan Asia Environmental Protection Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-59.06

-31.14

13.68

3.36

9.70

Pan Asia Environmental Protection 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															-7.13	-0.80	4.12	7.07	2.63

Competitive Comparison of Pan Asia Environmental Protection Group's EBIT

For the Pollution & Treatment Controls subindustry, Pan Asia Environmental Protection 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.

Pan Asia Environmental Protection Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pan Asia Environmental Protection Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pan Asia Environmental Protection Group's EV-to-EBIT falls into.

Pan Asia Environmental Protection 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$9.7 Mil.

Pan Asia Environmental Protection Group (HKSE:00556) EBIT Explanation

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

Pan Asia Environmental Protection 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 )
=	12.494 * ( 1 - 155.41% )	/	( (16.923	+	35.996)	/ 2 )
=	-6.9229254	/	26.4595
=	-26.16 %

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	))
=	1387.244	-	93.811	-	( 1317.941	-	max(0, 106.593	-	1383.103	+	1317.941	))
=	16.923

	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	))
=	1413.955	-	114.944	-	( 1351.709	-	max(0, 146.169	-	1409.184	+	1351.709	))
=	35.996

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:

Pan Asia Environmental Protection 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 )
=	5.268	/	( ( (1.926 + max(-68.516, 0))	+	(1.551 + max(-99.647, 0)) )	/	2 )
=	5.268	/	( ( 1.926	+	1.551 )	/	2 )
=	5.268	/	1.7385
=	303.02 %

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)
=	(37.342	+	0	+	0.25400000000013)	-	(93.811	+	0	+	12.301)
=	-68.516

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(32.929	+	0	+	0.19499999999994)	-	(114.944	+	0	+	17.827)
=	-99.647

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:

Pan Asia Environmental Protection Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9.704	/	-924.418
	=	-1.05 %

Pan Asia Environmental Protection Group EBIT Related Terms

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Pan Asia Environmental Protection Group (HKSE:00556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pan Asia Environmental Protection Group Ltd (HKSE:00556) » Definitions » EBIT

Comparable Companies

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Address

Xinjie Street, Baihe Industrial Park, Jiangsu Province, Yixing City, CHN, 214204

Website

http://www.paep.com.cn

Pan Asia Environmental Protection Group Ltd and its subsidiaries are engaged in the sale of environmental protection products and equipment, undertaking EP construction engineering services. The operating business segments are the EP products and equipment segment which derives the majority of revenue involves the sales of EP products and equipment to external customers and the EP construction engineering services segment.

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