China Fishery Group (China Fishery Group) EBIT : $96.8 Mil (TTM As of Jun. 2015)

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What is China Fishery Group EBIT?

China Fishery Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was $13.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $96.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Fishery Group's annualized ROC % for the quarter that ended in Jun. 2015 was 2.21%. China Fishery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 4.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Fishery Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 525.46%.

China Fishery Group EBIT Historical Data

The historical data trend for China Fishery Group'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.

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China Fishery Group EBIT Chart

China Fishery Group Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

EBIT

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150.92

144.16

107.21

120.10

155.67

China Fishery Group Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
EBIT	Get a 7-Day Free Trial															45.02	30.53	28.01	24.46	13.79

Competitive Comparison of China Fishery Group's EBIT

For the Packaged Foods subindustry, China Fishery Group'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 Fishery Group's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Fishery Group's EV-to-EBIT distribution charts can be found below:

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

China Fishery Group 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $96.8 Mil.

China Fishery Group (OTCPK:CIFHY) EBIT Explanation

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

China Fishery Group's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	55.172 * ( 1 - -0.85% )	/	( (2451.81	+	2578.19)	/ 2 )
=	55.640962	/	2515
=	2.21 %

where

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	2602.485	-	28.352	-	( 122.323	-	max(0, 194.912	-	700.178	+	122.323	))
=	2451.81

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	2652.778	-	33.313	-	( 41.275	-	max(0, 329.503	-	766.139	+	41.275	))
=	2578.19

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data.

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

China Fishery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	55.172	/	( ( (576.159 + max(549.503, 0))	+	(558.457 + max(690.003, 0)) )	/	2 )
=	55.172	/	( ( 1125.662	+	1248.46 )	/	2 )
=	55.172	/	1187.061
=	4.65 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(100.709	+	85.45	+	391.696)	-	(28.352	+	0	+	0)
=	549.503

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(110.069	+	235.165	+	379.63)	-	(33.313	+	0	+	1.548)
=	690.003

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	96.79	/	18.420
	=	525.46 %

China Fishery Group EBIT Related Terms

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China Fishery Group (China Fishery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Fishery Group Ltd (OTCPK:CIFHY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.chinafisherygroup.com

China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.

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