China Wan Tong Yuan (Holdings) (HKSE:06966) EBIT : HK$28.69 Mil (TTM As of Dec. 2023)

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What is China Wan Tong Yuan (Holdings) EBIT?

China Wan Tong Yuan (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$7.79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$28.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Wan Tong Yuan (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2023 was 9.77%. China Wan Tong Yuan (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 38.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Wan Tong Yuan (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.52%.

China Wan Tong Yuan (Holdings) EBIT Historical Data

The historical data trend for China Wan Tong Yuan (Holdings)'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 Wan Tong Yuan (Holdings) EBIT Chart

China Wan Tong Yuan (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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37.07

29.98

30.53

31.87

28.69

China Wan Tong Yuan (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											16.61	20.41	12.42	20.90	7.79

Competitive Comparison of China Wan Tong Yuan (Holdings)'s EBIT

For the Personal Services subindustry, China Wan Tong Yuan (Holdings)'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 Wan Tong Yuan (Holdings)'s EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, China Wan Tong Yuan (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Wan Tong Yuan (Holdings)'s EV-to-EBIT falls into.

China Wan Tong Yuan (Holdings) 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$28.69 Mil.

China Wan Tong Yuan (Holdings) (HKSE:06966) EBIT Explanation

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

China Wan Tong Yuan (Holdings)'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 )
=	17.146 * ( 1 - 48.6% )	/	( (91.552	+	88.904)	/ 2 )
=	8.813044	/	90.228
=	9.77 %

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	))
=	349.049	-	6.305	-	( 251.192	-	max(0, 17.921	-	302.865	+	251.192	))
=	91.552

	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	))
=	360.517	-	14.59	-	( 257.023	-	max(0, 23.225	-	313.383	+	257.023	))
=	88.904

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 Wan Tong Yuan (Holdings)'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 )
=	15.576	/	( ( (17.203 + max(2.339, 0))	+	(27.094 + max(33.723, 0)) )	/	2 )
=	15.576	/	( ( 19.542	+	60.817 )	/	2 )
=	15.576	/	40.1795
=	38.77 %

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)
=	(0	+	19.231	+	0.44600000000003)	-	(6.305	+	0	+	11.033)
=	2.339

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.599	+	23.222	+	32.539)	-	(14.59	+	0	+	8.047)
=	33.723

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 Wan Tong Yuan (Holdings)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	28.69	/	272.756
	=	10.52 %

China Wan Tong Yuan (Holdings) EBIT Related Terms

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China Wan Tong Yuan (Holdings) (HKSE:06966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » China Wan Tong Yuan (Holdings) Ltd (HKSE:06966) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Louzhuang Road, Langfang Development Area, Hebei, Langfang, CHN

Website

http://www.chinawty.com

China Wan Tong Yuan (Holdings) Ltd is a burial services provider in Langfang, Hebei Province, China. It offers cemetery services under the brand Wan Tong Yuan and burial services, including traditional and artistic burial services. The group's businesses involve the Sales of burial plots; Sales of columbarium units; Provision of other burial-related services; and Provision of cemetery maintenance services. It derives key revenue from the sales of burial plots. The group operates in the PRC.

Executives

Tai Shing International Investment Company Limited	2101 Beneficial owner
Lily Charm Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhao Ying	2307 Founder of a discretionary trust who can infl
Fairich Trading Limited	2101 Beneficial owner
Xing Junying	2101 Beneficial owner
Zhao Ying

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