China Boqi Environmental (Holding) Co (HKSE:02377) EBIT : HK$316 Mil (TTM As of Dec. 2023)

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What is China Boqi Environmental (Holding) Co EBIT?

China Boqi Environmental (Holding) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$150 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$316 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Boqi Environmental (Holding) Co's annualized ROC % for the quarter that ended in Dec. 2023 was 7.70%. China Boqi Environmental (Holding) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 97.97%.

China Boqi Environmental (Holding) Co EBIT Historical Data

The historical data trend for China Boqi Environmental (Holding) 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.

China Boqi Environmental (Holding) Co EBIT Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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237.29

291.16

484.69

211.69

316.14

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial												251.00	21.43	191.28	165.87	150.27

Competitive Comparison of China Boqi Environmental (Holding) Co's EBIT

For the Pollution & Treatment Controls subindustry, China Boqi Environmental (Holding) 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.

China Boqi Environmental (Holding) Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Boqi Environmental (Holding) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Boqi Environmental (Holding) Co's EV-to-EBIT falls into.

China Boqi Environmental (Holding) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$316 Mil.

China Boqi Environmental (Holding) Co (HKSE:02377) EBIT Explanation

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

China Boqi Environmental (Holding) Co'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 )
=	316.956 * ( 1 - 21.41% )	/	( (3036.43	+	3429.718)	/ 2 )
=	249.0957204	/	3233.074
=	7.70 %

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	))
=	5188.104	-	1681.634	-	( 470.04	-	max(0, 1804.304	-	2905.821	+	470.04	))
=	3036.43

	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	))
=	5489.454	-	1413.728	-	( 646.008	-	max(0, 1965.516	-	3075.543	+	646.008	))
=	3429.718

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 Boqi Environmental (Holding) Co'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 )
=	300.536	/	( ( (716.041 + max(-552.279, 0))	+	(743.951 + max(-240.133, 0)) )	/	2 )
=	300.536	/	( ( 716.041	+	743.951 )	/	2 )
=	300.536	/	729.996
=	41.17 %

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)
=	(992.079	+	38.33	+	147.388)	-	(1681.634	+	0	+	48.442)
=	-552.279

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1292.31	+	36.24	+	262.17)	-	(1413.728	+	0	+	417.125)
=	-240.133

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 Boqi Environmental (Holding) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	316.142	/	322.695
	=	97.97 %

China Boqi Environmental (Holding) Co EBIT Related Terms

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China Boqi Environmental (Holding) Co (HKSE:02377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Jia 8, Xinglongzhuang, Floor 2, Guoben Culture Building, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.

Executives

Ge Tong	2202 Interest of your spouse
Zeng Zhijun	2201 Interest of corporation controlled by you
Best Dawn Limited	2101 Beneficial owner
Cheng Liquan Richard
Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
World Hero International Limited	2101 Beneficial owner
Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
Great Origin Ventures Limited	2201 Interest of corporation controlled by you
New Asia Limited	2101 Beneficial owner
Zhu Weihang	2201 Interest of corporation controlled by you
Zhou Xuan	2202 Interest of your spouse
Guang Fa Ji Jin Guan Li You Xian Gong Si
Zhang Yi	2201 Interest of corporation controlled by you
Wan Ten Lap	2201 Interest of corporation controlled by you
Partners Investment Management Limited	2201 Interest of corporation controlled by you

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