China Yongda Automobiles Services Holdings (HKSE:03669) EBIT : HK$1,168 Mil (TTM As of Jun. 2023)

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What is China Yongda Automobiles Services Holdings EBIT?

China Yongda Automobiles Services Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$788 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$1,168 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Yongda Automobiles Services Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -1.95%. China Yongda Automobiles Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 15.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Yongda Automobiles Services Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 15.24%.

China Yongda Automobiles Services Holdings EBIT Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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 Yongda Automobiles Services Holdings EBIT Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,167.60

3,335.46

4,750.93

2,671.46

1,167.87

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															2,458.28	1,304.02	1,429.16	787.84	380.03

Competitive Comparison of China Yongda Automobiles Services Holdings's EBIT

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services Holdings'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 Yongda Automobiles Services Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's EV-to-EBIT falls into.

China Yongda Automobiles Services Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,168 Mil.

China Yongda Automobiles Services Holdings (HKSE:03669) EBIT Explanation

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

China Yongda Automobiles Services Holdings's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-569.832 * ( 1 - 23.04% )	/	( (22786.24	+	22149.718)	/ 2 )
=	-438.5427072	/	22467.979
=	-1.95 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	36253.843	-	10659.485	-	( 2808.118	-	max(0, 16012.773	-	19173.284	+	2808.118	))
=	22786.24

	Invested Capital		(Q: Jun. 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	))
=	32796.111	-	8591.385	-	( 2055.008	-	max(0, 13150.787	-	16061.875	+	2055.008	))
=	22149.718

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

China Yongda Automobiles Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1575.684	/	( ( (10378.31 + max(290.398, 0))	+	(10010.995 + max(128.958, 0)) )	/	2 )
=	1575.684	/	( ( 10668.708	+	10139.953 )	/	2 )
=	1575.684	/	10404.3305
=	15.14 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1090.117	+	5087.072	+	6852.41)	-	(10659.485	+	0	+	2079.716)
=	290.398

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1037.093	+	4434.784	+	5174.244)	-	(8591.385	+	0	+	1925.778)
=	128.958

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

China Yongda Automobiles Services Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	1167.87	/	7663.790
	=	15.24 %

China Yongda Automobiles Services Holdings EBIT Related Terms

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China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

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