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Guolian Minsheng Securities Co (FRA:34V) EBIT : €217.1 Mil (TTM As of Jun. 2024)


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What is Guolian Minsheng Securities Co EBIT?

Guolian Minsheng Securities Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was €88.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €217.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guolian Minsheng Securities Co's annualized ROC % for the quarter that ended in Jun. 2024 was 3.27%. Guolian Minsheng Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 830.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guolian Minsheng Securities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.46%.


Guolian Minsheng Securities Co EBIT Historical Data

The historical data trend for Guolian Minsheng Securities 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.

Guolian Minsheng Securities Co EBIT Chart

Guolian Minsheng Securities 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 135.11 172.65 293.91 278.02 266.39

Guolian Minsheng Securities Co Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 60.12 31.58 4.80 88.15 92.58

Competitive Comparison of Guolian Minsheng Securities Co's EBIT

For the Capital Markets subindustry, Guolian Minsheng Securities 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.


Guolian Minsheng Securities Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guolian Minsheng Securities Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guolian Minsheng Securities Co's EV-to-EBIT falls into.



Guolian Minsheng Securities 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €217.1 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.


Guolian Minsheng Securities Co  (FRA:34V) EBIT Explanation

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

Guolian Minsheng Securities Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=199.316 * ( 1 - 13.19% )/( (4667.042 + 5908.649)/ 2 )
=173.0262196/5287.8455
=3.27 %

where

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))
=11910.498 - 1269.57 - ( 7312.55 - max(0, 4158.911 - 10132.797+7312.55))
=4667.042

Invested Capital(Q: Jun. 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))
=11951.754 - 2208.582 - ( 7706.981 - max(0, 6292.369 - 10126.892+7706.981))
=5908.649

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

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

Guolian Minsheng Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=352.596/( ( (43.636 + max(-2567.696, 0)) + (41.29 + max(-3782.727, 0)) )/ 2 )
=352.596/( ( 43.636 + 41.29 )/ 2 )
=352.596/42.463
=830.36 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.136 + 0 + 1543.997) - (1269.57 + 0 + 2882.259)
=-2567.696

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.178 + 0 + 1257.724) - (2208.582 + 0 + 2870.047)
=-3782.727

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Guolian Minsheng Securities Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=217.102/3360.888
=6.46 %

* 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.


Guolian Minsheng Securities Co EBIT Related Terms

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Guolian Minsheng Securities Co Business Description

Traded in Other Exchanges
Address
No. 8 Jinrong One Street, Jiangsu Province, Wuxi, CHN, 214000
Guolian Minsheng Securities Co Ltd Formerly Guolian Securities Co Ltd is a China-based financial institution. The company's operating segments include Brokerage and wealth management; Credit transactions; Investment banking; Proprietary trading; Asset management and investment and Other businesses. It generates maximum revenue from the Proprietary trading segment and Brokerage and wealth management segment. The Proprietary trading segment includes trading in financial products. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation.

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