Tian Tu Capital Co (HKSE:01973) EBIT : HK$-184.85 Mil (TTM As of Jun. 2023)

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What is Tian Tu Capital Co EBIT?

Tian Tu Capital Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was HK$-94.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-184.85 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tian Tu Capital Co's annualized ROC % for the quarter that ended in Jun. 2023 was -2.31%. Tian Tu Capital Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1,409.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tian Tu Capital Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -11.86%.

Tian Tu Capital Co EBIT Historical Data

The historical data trend for Tian Tu Capital 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.

Tian Tu Capital Co EBIT Chart

Tian Tu Capital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

1,361.60

996.07

310.62

-973.81

Tian Tu Capital Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			363.99	-	-90.15	-94.70	-

Competitive Comparison of Tian Tu Capital Co's EBIT

For the Asset Management subindustry, Tian Tu Capital 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.

Tian Tu Capital Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tian Tu Capital Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tian Tu Capital Co's EV-to-EBIT falls into.

Tian Tu Capital 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-184.85 Mil.

Tian Tu Capital Co (HKSE:01973) EBIT Explanation

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

Tian Tu Capital Co's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-400.196 * ( 1 - -4.69% )	/	( (0	+	18170.357)	/ 1 )
=	-418.9651924	/	18170.357
=	-2.31 %

where

	Invested Capital		(Q: Mar. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	18856.829	-	45.319	-	( 1027.625	-	max(0, 650.499	-	1291.652	+	1027.625	))
=	18170.357

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Tian Tu Capital Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-378.8	/	( ( (0 + max(0, 0))	+	(26.877 + max(-191.999, 0)) )	/	1 )
=	-378.8	/	( ( 0	+	26.877 )	/	1 )
=	-378.8	/	26.877
=	-1,409.38 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(62.329	+	0	+	54.502)	-	(45.319	+	0	+	263.511)
=	-191.999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tian Tu Capital Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-184.85	/	1558.179
	=	-11.86 %

Tian Tu Capital Co EBIT Related Terms

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Tian Tu Capital Co (HKSE:01973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN

Website

http://www.tiantucapital.com

Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.

Executives

Atrenew Inc.	2101 Beneficial owner
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Wen Liyuan	2201 Interest of corporation controlled by you
Cao Minghui	2201 Interest of corporation controlled by you
Marvel Horizon Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si	2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si	2101 Beneficial owner

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