Changyou Alliance Group (HKSE:01039) EBIT : HK$-8.7 Mil (TTM As of Dec. 2023)

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What is Changyou Alliance Group EBIT?

Changyou Alliance Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-11.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-8.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changyou Alliance Group's annualized ROC % for the quarter that ended in Dec. 2023 was -10.39%. Changyou Alliance Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -511.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changyou Alliance Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.23%.

Changyou Alliance Group EBIT Historical Data

The historical data trend for Changyou Alliance 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.

Changyou Alliance Group EBIT Chart

Changyou Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-208.31

-88.15

-126.40

-23.16

-8.75

Changyou Alliance 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															-65.09	-11.81	-11.91	2.89	-11.63

Competitive Comparison of Changyou Alliance Group's EBIT

For the Internet Retail subindustry, Changyou Alliance 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.

Changyou Alliance Group's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Changyou Alliance Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changyou Alliance Group's EV-to-EBIT falls into.

Changyou Alliance 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$-8.7 Mil.

Changyou Alliance Group (HKSE:01039) EBIT Explanation

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

Changyou Alliance 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 )
=	-17.02 * ( 1 - 0% )	/	( (126.646	+	200.976)	/ 2 )
=	-17.02	/	163.811
=	-10.39 %

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	))
=	159.905	-	127.412	-	( 26.445	-	max(0, 248.781	-	154.628	+	26.445	))
=	126.646

	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	))
=	163.571	-	132.788	-	( 28.122	-	max(0, 329.943	-	159.75	+	28.122	))
=	200.976

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:

Changyou Alliance 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 )
=	-23.264	/	( ( (5.277 + max(-112.929, 0))	+	(3.822 + max(-127.471, 0)) )	/	2 )
=	-23.264	/	( ( 5.277	+	3.822 )	/	2 )
=	-23.264	/	4.5495
=	-511.35 %

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)
=	(6.603	+	0.114	+	9.455)	-	(127.412	+	0	+	1.689)
=	-112.929

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.474	+	0.095	+	7.64)	-	(132.788	+	0	+	13.892)
=	-127.471

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.744	/	392.699
	=	-2.23 %

Changyou Alliance Group EBIT Related Terms

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Changyou Alliance Group (HKSE:01039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Changyou Alliance Group Ltd (HKSE:01039) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 1908-1916, 19th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.changyou-alliance.com

Changyou Alliance Group Ltd is a company involved in the development and operation of an electronic trading platform. The company mainly operates in the Digital Point segment that operates an electronic trading platform to promote and facilitate awards earned by customers of loyalty programmes of other companies to be exchanged globally in the form of virtual assets and credits for consumption of merchandises, games, services and other commercial transactions.

Executives

Greater Bay Area Homeland Development Fund (gp) Limited	2106 Person having a security interest in shares
Greater Bay Area Homeland Investments Limited	2106 Person having a security interest in shares
Poly Platinum Enterprises Limited	2106 Person having a security interest in shares
Century Investment (holding) Limited	2101 Beneficial owner
Pun Tang	2201 Interest of corporation controlled by you
Atlantis Capital Group Holdings Limited	2201 Interest of corporation controlled by you
Liu Yang	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you

Changyou Alliance Group (HKSE:01039) Headlines

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