ANTA Sports Products (ANTA Sports Products) EBIT : $2,260 Mil (TTM As of Dec. 2023)

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What is ANTA Sports Products EBIT?

ANTA Sports Products's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1,184 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,260 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ANTA Sports Products's annualized ROC % for the quarter that ended in Dec. 2023 was 25.04%. ANTA Sports Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 124.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ANTA Sports Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.49%.

ANTA Sports Products EBIT Historical Data

The historical data trend for ANTA Sports Products'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.

ANTA Sports Products EBIT Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,181.55

1,299.22

1,834.27

1,702.02

2,263.38

ANTA Sports Products 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															890.52	875.40	861.34	1,075.77	1,184.42

Competitive Comparison of ANTA Sports Products's EBIT

For the Leisure subindustry, ANTA Sports Products'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.

ANTA Sports Products's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ANTA Sports Products's EV-to-EBIT distribution charts can be found below:

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

ANTA Sports Products 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,260 Mil.

ANTA Sports Products (OTCPK:ANPDF) EBIT Explanation

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

ANTA Sports Products's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2288.172 * ( 1 - 26.83% )	/	( (5915.044	+	7458.615)	/ 2 )
=	1674.2554524	/	6686.8295
=	25.04 %

where

	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	))
=	11685.704	-	712.291	-	( 5613.567	-	max(0, 2199.43	-	7257.799	+	5613.567	))
=	5915.044

	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	))
=	12916.725	-	1039.607	-	( 5323.24	-	max(0, 2883.813	-	7302.316	+	5323.24	))
=	7458.615

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

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

ANTA Sports Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2368.842	/	( ( (1707.348 + max(236.686, 0))	+	(1827.68 + max(26.329, 0)) )	/	2 )
=	2368.842	/	( ( 1944.034	+	1854.009 )	/	2 )
=	2368.842	/	1899.0215
=	124.74 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(383.165	+	905.828	+	355.239)	-	(712.291	+	0	+	695.255)
=	236.686

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(522.674	+	1009.776	+	439.763)	-	(1039.607	+	0	+	906.277)
=	26.329

When net working capital is negative, 0 is used.

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

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

ANTA Sports Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2260.188	/	30183.982
	=	7.49 %

ANTA Sports Products EBIT Related Terms

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ANTA Sports Products (ANTA Sports Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (OTCPK:ANPDF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ANPDY:USA ANTA:Mexico 02020:Hong Kong AS7:Germany

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.