China Specialty Glass AG (FRA:8GS) EBIT: €29.0 Mil (TTM As of Jun. 2014)


What is China Specialty Glass AG EBIT?

China Specialty Glass AG FRA:8GS EBIT is €29.0 Mil as of Jun. 2014.

China Specialty Glass AG's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2014 was €10.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2014 was €29.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Specialty Glass AG's annualized ROC % for the quarter that ended in Jun. 2014 was 24.97%. China Specialty Glass AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 83.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Specialty Glass AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2014 was 322,388.89%.

China Specialty Glass AG  (FRA:8GS) EBIT Explanation

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

China Specialty Glass AG's annualized ROC % for the quarter that ended in Jun. 2014 is calculated as:

ROC % (Q: Jun. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2014 ) + Invested Capital (Q: Jun. 2014 ))/ count )
=40.672 * ( 1 - 13.07% )/( (139.452 + 143.738)/ 2 )
=35.3561696/141.595
=24.97 %

where

Invested Capital(Q: Mar. 2014 )
=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))
=210.864 - 16.062 - ( 57.216 - max(0, 25.094 - 80.444+57.216))
=139.452

Invested Capital(Q: Jun. 2014 )
=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))
=211.142 - 14.49 - ( 52.914 - max(0, 23.62 - 82.417+52.914))
=143.738

Note: The Operating Income data used here is four times the quarterly (Jun. 2014) data.

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

China Specialty Glass AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2014  Q: Jun. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=40.628/( ( (37.959 + max(7.166, 0)) + (37.714 + max(15.013, 0)) )/ 2 )
=40.628/( ( 45.125 + 52.727 )/ 2 )
=40.628/48.926
=83.04 %

where Working Capital is:

Working Capital(Q: Mar. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.091 + 2.572 + 0.565) - (16.062 + 0 + 0)
=7.166

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.782 + 2.15 + 0.571) - (14.49 + 0 + 0)
=15.013

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

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

China Specialty Glass AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2014 )
=29.015/0.009
=322,388.89 %

* 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 Specialty Glass AG EBIT Related Terms

China Specialty Glass AG EBIT Historical Data

* Premium members only.

The historical data trend for China Specialty Glass AG'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 Specialty Glass AG EBIT Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
EBIT
0.00 26.41 26.99 38.49

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 15.49 17.30 -5.77 7.33 10.16

FRA:8GS vs DTII, VCON, UUU: EBIT Comparison

For the Security & Protection Services subindustry, China Specialty Glass AG'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 Specialty Glass AG EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's EV-to-EBIT falls into.


China Specialty Glass AG 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €29.0 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 €29.0 Mil mean?
China Specialty Glass AG (FRA:8GS) has a EBIT of €29.0 Mil as of Jun. 2014. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Specialty Glass AG.
Is China Specialty Glass AG's EBIT too high?
China Specialty Glass AG's current EBIT is €29.0 Mil.
How does China Specialty Glass AG's EBIT compare to DTII and VCON?
China Specialty Glass AG's EBIT of €29.0 Mil can be compared against companies in the Business Services 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 a Business Services company?
A good EBIT depends on the Business Services 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 Specialty Glass AG. China Specialty Glass AG's current EBIT is €29.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current EBIT of €29.0 Mil. The current EBIT is €29.0 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 Specialty Glass AG (FRA:8GS), the current EBIT is €29.0 Mil as of Jun. 2014. 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 Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.