GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Hi-tech Industry Corp Ltd (SHSE:600528) » Definitions » EBIT

China Railway Hi-tech Industry (SHSE:600528) EBIT : ¥1,842 Mil (TTM As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is China Railway Hi-tech Industry EBIT?

China Railway Hi-tech Industry's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥547 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,842 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Railway Hi-tech Industry's annualized ROC % for the quarter that ended in Mar. 2024 was 5.64%. China Railway Hi-tech Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Railway Hi-tech Industry's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.53%.


China Railway Hi-tech Industry EBIT Historical Data

The historical data trend for China Railway Hi-tech Industry'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 Railway Hi-tech Industry EBIT Chart

China Railway Hi-tech Industry 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 1,910.83 2,056.30 2,101.41 2,081.73 1,902.86

China Railway Hi-tech Industry Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 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 607.70 466.85 530.65 297.65 546.90

Competitive Comparison of China Railway Hi-tech Industry's EBIT

For the Engineering & Construction subindustry, China Railway Hi-tech Industry'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 Railway Hi-tech Industry's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Railway Hi-tech Industry's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Railway Hi-tech Industry's EV-to-EBIT falls into.



China Railway Hi-tech Industry 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 ¥1,842 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.


China Railway Hi-tech Industry  (SHSE:600528) EBIT Explanation

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

China Railway Hi-tech Industry'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 )
=2061.144 * ( 1 - 14.04% )/( (30487.188 + 32324.756)/ 2 )
=1771.7593824/31405.972
=5.64 %

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))
=57668.324 - 20200.513 - ( 6980.623 - max(0, 31132.842 - 44667.542+6980.623))
=30487.188

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))
=58584.823 - 21041.718 - ( 5218.349 - max(0, 31543.024 - 45506.117+5218.349))
=32324.756

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

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

China Railway Hi-tech Industry'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 )
=2187.6/( ( (7168.938 + max(5338.286, 0)) + (7095.464 + max(7551.504, 0)) )/ 2 )
=2187.6/( ( 12507.224 + 14646.968 )/ 2 )
=2187.6/13577.096
=16.11 %

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)
=(15717.281 + 17490.942 + 2768.822) - (20200.513 + 0 + 10438.246)
=5338.286

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16420.999 + 19126.83 + 3029.984) - (21041.718 + 0 + 9984.591)
=7551.504

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:

China Railway Hi-tech Industry's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1842.058/12675.054
=14.53 %

* 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.


China Railway Hi-tech Industry EBIT Related Terms

Thank you for viewing the detailed overview of China Railway Hi-tech Industry's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


China Railway Hi-tech Industry (SHSE:600528) Business Description

Traded in Other Exchanges
N/A
Address
South Fourth Ring Road West, Building 11, Noord Center, Fengtai District,, Beijing, CHN, 610031
China Railway Hi-tech Industry Corp Ltd is engaged in the construction of railway projects, housing, road works and municipal public works.

China Railway Hi-tech Industry (SHSE:600528) Headlines

No Headlines