China Aviation Oil (Singapore) (China Aviation Oil (Singapore)) EBIT : $66 Mil (TTM As of Dec. 2023)

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What is China Aviation Oil (Singapore) EBIT?

China Aviation Oil (Singapore)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Aviation Oil (Singapore)'s annualized ROC % for the quarter that ended in Dec. 2023 was 1.83%. China Aviation Oil (Singapore)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 48.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Aviation Oil (Singapore)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 34.82%.

China Aviation Oil (Singapore) EBIT Historical Data

The historical data trend for China Aviation Oil (Singapore)'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 Aviation Oil (Singapore) EBIT Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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107.89

60.61

44.61

37.91

66.22

China Aviation Oil (Singapore) 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															17.26	22.50	15.41	21.82	44.40

Competitive Comparison of China Aviation Oil (Singapore)'s EBIT

For the Oil & Gas Refining & Marketing subindustry, China Aviation Oil (Singapore)'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 Aviation Oil (Singapore)'s EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Aviation Oil (Singapore)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Aviation Oil (Singapore)'s EV-to-EBIT falls into.

China Aviation Oil (Singapore) 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 $66 Mil.

China Aviation Oil (Singapore) (OTCPK:CAOLF) EBIT Explanation

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

China Aviation Oil (Singapore)'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 )
=	10.464 * ( 1 - 12.03% )	/	( (398.417	+	606.31)	/ 2 )
=	9.2051808	/	502.3635
=	1.83 %

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	))
=	1768.898	-	836.135	-	( 534.346	-	max(0, 848.74	-	1505.764	+	534.346	))
=	398.417

	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	))
=	1787.514	-	808.164	-	( 373.04	-	max(0, 826.481	-	1501.044	+	373.04	))
=	606.31

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:

China Aviation Oil (Singapore)'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 )
=	88.8	/	( ( (11.477 + max(75.996, 0))	+	(21.043 + max(257.098, 0)) )	/	2 )
=	88.8	/	( ( 87.473	+	278.141 )	/	2 )
=	88.8	/	182.807
=	48.58 %

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)
=	(715.422	+	140.92	+	65.31)	-	(836.135	+	0	+	9.5210000000001)
=	75.996

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(934.17	+	88.265	+	55.585)	-	(808.164	+	0	+	12.758)
=	257.098

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:

China Aviation Oil (Singapore)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	66.22	/	190.190
	=	34.82 %

China Aviation Oil (Singapore) EBIT Related Terms

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China Aviation Oil (Singapore) (China Aviation Oil (Singapore)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Aviation Oil (Singapore) Corp Ltd (OTCPK:CAOLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

G92:Singapore VZ8:Germany

Address

8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The Middle Distillates segment engages in supplying and trading jet fuel and gas oil. Other oil products segment is into fuel oil, crude oil, and gasoline supply and trading.