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Chengdu Expressway Co (HKSE:01785) EBIT : HK$719 Mil (TTM As of Dec. 2023)


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What is Chengdu Expressway Co EBIT?

Chengdu Expressway Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$198 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$719 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chengdu Expressway Co's annualized ROC % for the quarter that ended in Dec. 2023 was 7.02%. Chengdu Expressway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 154.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chengdu Expressway Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.50%.


Chengdu Expressway Co EBIT Historical Data

The historical data trend for Chengdu Expressway 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.

Chengdu Expressway Co EBIT Chart

Chengdu Expressway Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 909.88 664.97 1,178.53 888.86 1,007.61

Chengdu Expressway Co Quarterly Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 159.54 - 294.42 197.61 227.37

Competitive Comparison of Chengdu Expressway Co's EBIT

For the Infrastructure Operations subindustry, Chengdu Expressway 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.


Chengdu Expressway Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chengdu Expressway Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chengdu Expressway Co's EV-to-EBIT falls into.



Chengdu Expressway 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 quarterly data reported by the company within the most recent 12 months, which was HK$719 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.


Chengdu Expressway Co  (HKSE:01785) EBIT Explanation

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

Chengdu Expressway 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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=683.784 * ( 1 - 23.05% )/( (7516.451 + 7477.209)/ 2 )
=526.171788/7496.83
=7.02 %

where

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))
=9938.495 - 1051.504 - ( 2288.236 - max(0, 1316.596 - 2687.136+2288.236))
=7516.451

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))
=10122.647 - 921.836 - ( 2472.959 - max(0, 1199.528 - 2923.13+2472.959))
=7477.209

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

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

Chengdu Expressway 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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=790.44/( ( (507.736 + max(-960.706, 0)) + (517.582 + max(-585.649, 0)) )/ 2 )
=790.44/( ( 507.736 + 517.582 )/ 2 )
=790.44/512.659
=154.18 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(219.163 + 28.38 + 108.347) - (1051.504 + 0 + 265.092)
=-960.706

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(247.43 + 22.608 + 95.632000000001) - (921.836 + 0 + 29.483)
=-585.649

When net working capital is negative, 0 is used.

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

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

Chengdu Expressway Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=719.394/4111.175
=17.50 %

* 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.


Chengdu Expressway Co EBIT Related Terms

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Chengdu Expressway Co (HKSE:01785) Business Description

Traded in Other Exchanges
N/A
Address
No. 66 Shenghe 1st Road, 9th Floor, Chengnan Tianfu Building, High-Tech Zone, Sichuan, Chengdu, CHN
Chengdu Expressway Co Ltd is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, the Group also carries out retail of refined oil and operation of CNG. It operates in two reportable segments the Expressway segment segment comprises the construction, operation and maintenance of toll expressways located in Sichuan province; and the Energy Investment segment comprises the operation of petrol stations and a gas station and sales of refined oil and compressed natural gas. It derives majority of the revenue from Expressway segment.
Executives
Cheng Du Tian Fu Xin Qu Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Tian Fu Zi Ben Tou Zi You Xian Gong Si 2305 Beneficiary of a trust
Fu Guo Ji Jin Guan Li You Xian Gong Si 2102 Investment manager
Guang Dong Sheng Jiao Tong Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Yue You Xian Gong Si 2101 Beneficial owner
Cheng Du Shi Xie Cheng Zi Chan Guan Li You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Cheng Du Gui Dao Jiao Tong Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Cheng Jian Tou Zi Guan Li Ji Tuan You Xian Ze Ren Gong Si 2101 Beneficial owner
Cheng Du Huan Jing Tou Zi Ji Tuan You Xian Gong Si 2101 Beneficial owner
Cheng Du Chan Ye Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Xian Jin Zhi Zao Chan Ye Tou Zi You Xian Gong Si 2101 Beneficial owner
Cheng Du Gui Dao Chan Ye Tou Zi You Xian Gong Si 2101 Beneficial owner
Cheng Du Jiao Zi Jin Rong Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Cheng Du Jin Rong Kong Gu Ji T 2101 Beneficial owner

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