CHNGQ (China Natural Gas) EBIT: $18.0 Mil (TTM As of Sep. 2013)

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What is China Natural Gas EBIT?

China Natural Gas CHNGQ -95.00% EBIT is $18.0 Mil as of Sep. 2013.

China Natural Gas's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was $1.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was $18.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Natural Gas's annualized ROC % for the quarter that ended in Sep. 2013 was 1.03%. China Natural Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was 2.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


China Natural Gas  (OTCPK:CHNGQ) EBIT Explanation

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

China Natural Gas's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

ROC % (Q: Sep. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2013 ) + Invested Capital (Q: Sep. 2013 ))/ count )
=5.528 * ( 1 - 36.95% )/( (337.777 + 341.788)/ 2 )
=3.485404/339.7825
=1.03 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

China Natural Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2013 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2013  Q: Sep. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.304/( ( (243.355 + max(-17.453, 0)) + (245.505 + max(-18.533, 0)) )/ 2 )
=5.304/( ( 243.355 + 245.505 )/ 2 )
=5.304/244.43
=2.17 %

where Working Capital is:

Working Capital(Q: Jun. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.581 + 2.917 + 12.269) - (14.437 + 3.283 + 17.5)
=-17.453

Working Capital(Q: Sep. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.715 + 3.012 + 16.082) - (17.36 + 5.482 + 17.5)
=-18.533

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

China Natural Gas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2013 )
=17.989/0.000
= %

* 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.


China Natural Gas EBIT Related Terms


China Natural Gas EBIT Historical Data

* Premium members only.

The historical data trend for China Natural Gas'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.

China Natural Gas EBIT Chart

China Natural Gas Annual Data
Trend Jul03 Jul04 Jul05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.99 23.89 21.01 20.85 15.51

China Natural Gas Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 -1.14 6.87 5.74 4.05 1.33

CHNGQ vs SXEEQ, CNIG: EBIT Comparison

For the Utilities - Regulated Gas subindustry, China Natural Gas'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 Natural Gas EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Natural Gas's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Natural Gas's EV-to-EBIT falls into.



China Natural Gas 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.0 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $18.0 Mil mean?
China Natural Gas (CHNGQ) has a EBIT of $18.0 Mil as of Sep. 2013. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Natural Gas.
Is China Natural Gas' EBIT too high?
China Natural Gas' current EBIT is $18.0 Mil.
How does China Natural Gas' EBIT compare to SXEEQ and CNIG?
China Natural Gas' EBIT of $18.0 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Natural Gas. China Natural Gas's current EBIT is $18.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Natural Gas stock overvalued right now?
China Natural Gas (CHNGQ) has a current EBIT of $18.0 Mil. The current EBIT is $18.0 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For China Natural Gas (CHNGQ), the current EBIT is $18.0 Mil as of Sep. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Natural Gas Business Description

Address 35 Tang Yan Road, 19th Floor Building B, Van Metropolis, Hi-Tech Zone, Shaanxi Province, Xian, CHN, 710065
China Natural Gas Inc through its subsidiaries engages in sales & distribution of natural gas and gasoline to commercial, industrial & residential customers, construction of pipeline networks, installation of natural gas fittings & parts for end-users.