GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhejiang Huayou Cobalt Co Ltd (SHSE:603799) » Definitions » EBIT

Zhejiang Huayou Cobalt Co (SHSE:603799) EBIT : ¥5,725 Mil (TTM As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Zhejiang Huayou Cobalt Co EBIT?

Zhejiang Huayou Cobalt Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥1,181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,725 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Huayou Cobalt Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.37%. Zhejiang Huayou Cobalt Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Huayou Cobalt Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.79%.


Zhejiang Huayou Cobalt Co EBIT Historical Data

The historical data trend for Zhejiang Huayou Cobalt 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.

Zhejiang Huayou Cobalt Co EBIT Chart

Zhejiang Huayou Cobalt 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 534.68 1,872.76 5,330.58 7,375.35 6,734.87

Zhejiang Huayou Cobalt 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 2,191.40 2,059.84 1,640.82 842.83 1,181.04

Competitive Comparison of Zhejiang Huayou Cobalt Co's EBIT

For the Other Industrial Metals & Mining subindustry, Zhejiang Huayou Cobalt 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.


Zhejiang Huayou Cobalt Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhejiang Huayou Cobalt Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Huayou Cobalt Co's EV-to-EBIT falls into.



Zhejiang Huayou Cobalt 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 ¥5,725 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.


Zhejiang Huayou Cobalt Co  (SHSE:603799) EBIT Explanation

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

Zhejiang Huayou Cobalt 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 )
=3798.976 * ( 1 - 5.68% )/( (101457.236 + 111455.684)/ 2 )
=3583.1941632/106456.46
=3.37 %

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))
=125520.277 - 23798.219 - ( 15633.142 - max(0, 48866.955 - 49131.777+15633.142))
=101457.236

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))
=129157.238 - 21663.627 - ( 17708.03 - max(0, 51547.832 - 47585.759+17708.03))
=111455.684

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

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

Zhejiang Huayou Cobalt 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 )
=4724.172/( ( (57264.775 + max(5017.969, 0)) + (60540.266 + max(2723.646, 0)) )/ 2 )
=4724.172/( ( 62282.744 + 63263.912 )/ 2 )
=4724.172/62773.328
=7.53 %

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)
=(7977.268 + 15763.401 + 6939.78) - (23798.219 + 0 + 1864.261)
=5017.969

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7099.723 + 12927.692 + 6887.589) - (21663.627 + 0 + 2527.731)
=2723.646

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:

Zhejiang Huayou Cobalt Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=5724.522/84329.400
=6.79 %

* 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.


Zhejiang Huayou Cobalt Co EBIT Related Terms

Thank you for viewing the detailed overview of Zhejiang Huayou Cobalt Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Huayou Cobalt Co (SHSE:603799) Business Description

Traded in Other Exchanges
N/A
Address
18 Wu Zhendong Road, Tongxiang Economic Development Zone, Zhejiang, CHN
Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products. The company serves customers and clients internationally.

Zhejiang Huayou Cobalt Co (SHSE:603799) Headlines

No Headlines