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Canggang Railway (HKSE:02169) EBIT : HK$119.8 Mil (TTM As of Dec. 2023)


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What is Canggang Railway EBIT?

Canggang Railway's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$60.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$119.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canggang Railway's annualized ROC % for the quarter that ended in Dec. 2023 was 6.28%. Canggang Railway's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canggang Railway's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.28%.


Canggang Railway EBIT Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway EBIT Chart

Canggang Railway Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 132.31 137.24 156.76 129.02 119.82

Canggang Railway Semi-Annual Data
Dec17 Dec18 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 72.38 52.81 78.72 59.58 60.24

Competitive Comparison of Canggang Railway's EBIT

For the Railroads subindustry, Canggang Railway'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.


Canggang Railway's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Canggang Railway's EV-to-EBIT falls into.



Canggang Railway 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$119.8 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.


Canggang Railway  (HKSE:02169) EBIT Explanation

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

Canggang Railway'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 )
=127.014 * ( 1 - 36.09% )/( (1278.904 + 1304.447)/ 2 )
=81.1746474/1291.6755
=6.28 %

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))
=1475.687 - 43.567 - ( 221.926 - max(0, 253.663 - 406.879+221.926))
=1278.904

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))
=1450.332 - 55.819 - ( 122.932 - max(0, 284.622 - 374.688+122.932))
=1304.447

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:

Canggang Railway'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 )
=120.486/( ( (1047.534 + max(85.879, 0)) + (1062.462 + max(121.272, 0)) )/ 2 )
=120.486/( ( 1133.413 + 1183.734 )/ 2 )
=120.486/1158.5735
=10.40 %

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)
=(60.795 + 62.162 + 49.198) - (43.567 + 0 + 42.709)
=85.879

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.812 + 61.357 + 71.702) - (55.819 + 0 + 7.78)
=121.272

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:

Canggang Railway's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=119.819/5257.245
=2.28 %

* 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.


Canggang Railway EBIT Related Terms

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Canggang Railway (HKSE:02169) Business Description

Traded in Other Exchanges
N/A
Address
Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN
Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.
Executives
Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si 2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si 2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Zhang Lijie 2201 Interest of corporation controlled by you
Zhang Lihuan 2201 Interest of corporation controlled by you
Zhang Ning 2201 Interest of corporation controlled by you
Zhang Ruiqiu 2201 Interest of corporation controlled by you
Zhang Weiwei 2202 Interest of your spouse
Zhang Xiaogeng 2201 Interest of corporation controlled by you
Zhang Xiaosuo 2201 Interest of corporation controlled by you
Zhang Xiaoxia 2202 Interest of your spouse
Zhang Yanfeng 2201 Interest of corporation controlled by you
Zhou Qiuju 2202 Interest of your spouse

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