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Flat Glass Group Co (HKSE:06865) EBIT : HK$3,128 Mil (TTM As of Mar. 2024)


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What is Flat Glass Group Co EBIT?

Flat Glass Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was HK$1,074 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$3,128 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flat Glass Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.38%. Flat Glass Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flat Glass Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.75%.


Flat Glass Group Co EBIT Historical Data

The historical data trend for Flat Glass Group 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.

Flat Glass Group Co EBIT Chart

Flat Glass Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,032.70 2,316.55 3,025.01 2,781.86 3,984.06

Flat Glass Group Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only 782.25 815.90 1,237.78 - 1,073.88

Competitive Comparison of Flat Glass Group Co's EBIT

For the Building Products & Equipment subindustry, Flat Glass Group 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.


Flat Glass Group Co's EV-to-EBIT Distribution in the Construction Industry

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

* The bar in red indicates where Flat Glass Group Co's EV-to-EBIT falls into.



Flat Glass Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$3,128 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.


Flat Glass Group Co  (HKSE:06865) EBIT Explanation

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

Flat Glass Group Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=4101.868 * ( 1 - 11.94% )/( (34068.166 + 35536.792)/ 2 )
=3612.1049608/34802.479
=10.38 %

where

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))
=47012.802 - 5456.201 - ( 7488.435 - max(0, 10046.337 - 18411.549+7488.435))
=34068.166

Invested Capital(Q: Mar. 2024 )
=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))
=47128.36 - 4936.145 - ( 6655.423 - max(0, 9075.638 - 17919.554+6655.423))
=35536.792

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Flat Glass Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4295.516/( ( (26652.812 + max(1314.987, 0)) + (19809.223 + max(727.726, 0)) )/ 2 )
=4295.516/( ( 27967.799 + 20536.949 )/ 2 )
=4295.516/24252.374
=17.71 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4031.144 + 2189.132 + 725.055) - (5456.201 + 0 + 174.143)
=1314.987

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4508.417 + 1659.371 + 781.764) - (4936.145 + 0 + 1285.681)
=727.726

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Flat Glass Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=3127.556/65848.795
=4.75 %

* 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.


Flat Glass Group Co EBIT Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Traded in Other Exchanges
Address
1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN
Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.
Executives
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Schroders Plc 2102 Investment manager
Bank Of America Corporation 2201 Interest of corporation controlled by you
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Public Investment Fund 2101 Beneficial owner
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Pacific Asset Management Co., Ltd. 2102 Investment manager

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