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Lets Holdings Group Co (SZSE:002398) EBIT : ¥160 Mil (TTM As of Mar. 2024)


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What is Lets Holdings Group Co EBIT?

Lets Holdings Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥160 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lets Holdings Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.11%. Lets Holdings Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lets Holdings Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.35%.


Lets Holdings Group Co EBIT Historical Data

The historical data trend for Lets Holdings 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.

Lets Holdings Group Co EBIT Chart

Lets Holdings 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 479.12 432.77 309.63 251.07 171.51

Lets Holdings Group Co 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 65.28 81.74 46.58 -22.08 53.71

Competitive Comparison of Lets Holdings Group Co's EBIT

For the Building Materials subindustry, Lets Holdings 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.


Lets Holdings Group Co's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lets Holdings Group Co's EV-to-EBIT distribution charts can be found below:

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



Lets Holdings 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 ¥160 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.


Lets Holdings Group Co  (SZSE:002398) EBIT Explanation

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

Lets Holdings 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 )
=123.084 * ( 1 - 13.86% )/( (3320.533 + 3487.608)/ 2 )
=106.0245576/3404.0705
=3.11 %

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))
=6472.391 - 2209.652 - ( 942.206 - max(0, 2265.649 - 4707.306+942.206))
=3320.533

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))
=6270.952 - 1957.28 - ( 826.064 - max(0, 2017.499 - 4476.95+826.064))
=3487.608

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

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

Lets Holdings 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 )
=214.84/( ( (998.866 + max(888.915, 0)) + (1028.729 + max(981.686, 0)) )/ 2 )
=214.84/( ( 1887.781 + 2010.415 )/ 2 )
=214.84/1949.098
=11.02 %

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)
=(2979.407 + 120.224 + 45.839) - (2209.652 + 0 + 46.903)
=888.915

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2829.189 + 113.088 + 48.463) - (1957.28 + 0 + 51.774)
=981.686

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=159.943/2517.860
=6.35 %

* 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.


Lets Holdings Group Co EBIT Related Terms

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Lets Holdings Group Co (SZSE:002398) Business Description

Traded in Other Exchanges
N/A
Address
No. 62 Hubin South Road, Simin District, Fujian, Xiamen, CHN, 361004
Lets Holdings Group Co Ltd is a China-based company engaged in the comprehensive technical service of buildings, commercial concrete, concrete admixtures, autoclaved aerated concrete block, and special engineering construction. It is also an information technology and intelligent service provider.
Executives
Cai Yong Tai Directors, executives
Ma Xiu Xing Directors, executives
Li Xiao Bin Directors, executives
Ye Bin Executives
Guo Yuan Qiang Supervisors
Lin Yan Ni Supervisors
Huang Ming Hui Executives
Gui Miao Miao Director
Lin Qian Yu Directors, Directors, and Executives
Ke Lin Xiang Securities Affairs Representative

Lets Holdings Group Co (SZSE:002398) Headlines

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