China Yongda Automobiles Services Holdings (HKSE:03669) EBIT

: HK$2,733 Mil (TTM As of Dec. 2022)

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China Yongda Automobiles Services Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was HK$1,429 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was HK$2,733 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 Dec. 2022 was 2.06%. China Yongda Automobiles Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 20.51%.

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 Dec. 2022 was 24.37%.

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 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

2,757.69

3,167.60

3,335.46

4,750.93

2,671.46

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
EBIT																2,098.40	2,261.90	2,458.28	1,304.02	1,429.16

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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$2,733 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 Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	709.706 * ( 1 - 30.66% )	/	( (24985.835	+	22715.361)	/ 2 )
=	492.1101404	/	23850.598
=	2.06 %

where

	Invested Capital		(Q: Jun. 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	))
=	36029.662	-	7781.484	-	( 4330.579	-	max(0, 15104.535	-	18366.878	+	4330.579	))
=	24985.835

	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	))
=	36182.964	-	10659.485	-	( 2808.118	-	max(0, 16012.773	-	19173.284	+	2808.118	))
=	22715.361

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) 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 Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2858.32	/	( ( (10536.182 + max(3498.572, 0))	+	(10216.69 + max(3625.965, 0)) )	/	2 )
=	2858.32	/	( ( 14034.754	+	13842.655 )	/	2 )
=	2858.32	/	13938.7045
=	20.51 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1106.888	+	4108.581	+	8820.83)	-	(7781.484	+	0	+	2756.243)
=	3498.572

	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	+	10187.977)	-	(10659.485	+	0	+	2079.716)
=	3625.965

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) 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: Dec. 2022 )
	=	2733.178	/	11215.876
	=	24.37 %

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

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

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