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AVIT (SZSE:300264) EBIT : ¥-63.7 Mil (TTM As of Mar. 2024)


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What is AVIT EBIT?

AVIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-11.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-63.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AVIT's annualized ROC % for the quarter that ended in Mar. 2024 was -24.93%. AVIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -78.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AVIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.90%.


AVIT EBIT Historical Data

The historical data trend for AVIT'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.

AVIT EBIT Chart

AVIT 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 -153.37 -35.98 -100.75 -72.57 -63.63

AVIT 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 -11.40 -14.82 -17.36 -20.06 -11.48

Competitive Comparison of AVIT's EBIT

For the Communication Equipment subindustry, AVIT'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.


AVIT's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AVIT's EV-to-EBIT distribution charts can be found below:

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



AVIT 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 ¥-63.7 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.


AVIT  (SZSE:300264) EBIT Explanation

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

AVIT'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 )
=-48.28 * ( 1 - -0.07% )/( (189.689 + 197.882)/ 2 )
=-48.313796/193.7855
=-24.93 %

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))
=368.872 - 122.399 - ( 81.368 - max(0, 271.289 - 328.073+81.368))
=189.689

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))
=364.858 - 125.058 - ( 56.568 - max(0, 281.213 - 323.131+56.568))
=197.882

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

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

AVIT'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 )
=-45.932/( ( (18.278 + max(32.182, 0)) + (17.246 + max(49.434, 0)) )/ 2 )
=-45.932/( ( 50.46 + 66.68 )/ 2 )
=-45.932/58.57
=-78.42 %

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)
=(99.165 + 118.635 + 5.32) - (122.399 + 0 + 68.539)
=32.182

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.572 + 139.216 + 7.814) - (125.058 + 0 + 74.11)
=49.434

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:

AVIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-63.717/1631.992
=-3.90 %

* 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.


AVIT EBIT Related Terms

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AVIT (SZSE:300264) Business Description

Traded in Other Exchanges
N/A
Address
15/F, Zhongyangxigu Building, Binghe Boulevard, Futian, Shenzhen, CHN, 518048
AVIT Ltd is engaged in offering system solutions and technique services to network operators. The solutions provided by the company include system design, system integration, technical training, and operation consulting. The products of the company include DVB solution, DVB application system, digital headend, and digital receiver.
Executives
Li Xiao Long Supervisors
Huang Min Executives
Zhang Hai Chuan Directors, executives
Hu Yong Supervisors
Chen Kun Jiang Director
Peng Zhong Fu Supervisors
Xiong Ke Jia Directors, executives
Li Jian Hong Securities Affairs Representative
Wu Qian Director
Li Guan Bin Director
Gao Jian Directors, executives
Zhu Wei Min Director, Securities Affairs Representative

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