China Technology Industry Group (HKSE:08111) EBIT : HK$-25.82 Mil (TTM As of Sep. 2023)

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What is China Technology Industry Group EBIT?

China Technology Industry Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was HK$-4.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-25.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Technology Industry Group's annualized ROC % for the quarter that ended in Sep. 2023 was -13.83%. China Technology Industry Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -18.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Technology Industry Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -23.95%.

China Technology Industry Group EBIT Historical Data

The historical data trend for China Technology Industry 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.

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China Technology Industry Group EBIT Chart

China Technology Industry Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-45.96

-28.01

97.57

1.30

-23.77

China Technology Industry Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-3.69	6.30	-23.87	-4.16	-4.09

Competitive Comparison of China Technology Industry Group's EBIT

For the Solar subindustry, China Technology Industry 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.

China Technology Industry Group's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, China Technology Industry Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Technology Industry Group's EV-to-EBIT falls into.

China Technology Industry 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-25.82 Mil.

China Technology Industry Group (HKSE:08111) EBIT Explanation

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

China Technology Industry Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-15.968 * ( 1 - 0% )	/	( (0	+	115.468)	/ 1 )
=	-15.968	/	115.468
=	-13.83 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Sep. 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	))
=	145.473	-	26.856	-	( 3.149	-	max(0, 93.317	-	114.947	+	3.149	))
=	115.468

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

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

China Technology Industry Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-16.372	/	( ( (0 + max(0, 0))	+	(11.897 + max(77.395, 0)) )	/	1 )
=	-16.372	/	( ( 0	+	89.292 )	/	1 )
=	-16.372	/	89.292
=	-18.34 %

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	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(104.25	+	0	+	0.0010000000000048)	-	(26.856	+	0	+	-1.4210854715202E-14)
=	77.395

When net working capital is negative, 0 is used.

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

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

China Technology Industry Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-25.818	/	107.781
	=	-23.95 %

China Technology Industry Group EBIT Related Terms

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China Technology Industry Group (HKSE:08111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Technology Industry Group Ltd (HKSE:08111) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ocean Centre, Suite 704, 7th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.chinatechindgroup.com

China Technology Industry Group Ltd is engaged in the Sale of renewable energy products, New energy power system integration business, Sales of self-service automatic teller machine (ATM) systems and printing systems, and Provision of hardware and software technical support services. Key revenue is derived from the Sale of renewable energy products such as solar and wind power-related products. The group operates in the PRC. It has two segments sales of renewable energy products and New energy power system integration business. It generates maximum revenue from the Sales of renewable energy products.

Executives

Huang Bo	2101 Beneficial owner
Li Xiao Yan	2101 Beneficial owner
Huang Yuan Ming	2101 Beneficial owner
Hou Hsiao Bing	2101 Beneficial owner

China Technology Industry Group (HKSE:08111) Headlines

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