China Resources Gas Group (FRA:LGX1) EBIT : €1,194 Mil (TTM As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is China Resources Gas Group EBIT?

China Resources Gas Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €449 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1,194 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Gas Group's annualized ROC % for the quarter that ended in Dec. 2023 was 3.61%. China Resources Gas Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Resources Gas Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.36%.

China Resources Gas Group EBIT Historical Data

The historical data trend for China Resources Gas 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.

* Premium members only.

China Resources Gas Group EBIT Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

1,032.62

1,000.97

1,312.48

1,112.20

1,156.55

China Resources Gas Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															647.38	460.99	710.07	449.00	745.32

Competitive Comparison of China Resources Gas Group's EBIT

For the Utilities - Regulated Gas subindustry, China Resources Gas 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 Resources Gas Group's EV-to-EBIT Distribution in the Utilities - Regulated Industry

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

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

China Resources Gas 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1,194 Mil.

China Resources Gas Group (FRA:LGX1) EBIT Explanation

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

China Resources Gas Group'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 )
=	690.932 * ( 1 - 24.59% )	/	( (13952.705	+	14933.906)	/ 2 )
=	521.0318212	/	14443.3055
=	3.61 %

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	))
=	16005.567	-	2992.928	-	( 2192.615	-	max(0, 6130.259	-	5190.193	+	2192.615	))
=	13952.705

	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	))
=	16188.351	-	3092.617	-	( 1171.638	-	max(0, 6001.036	-	4162.864	+	1171.638	))
=	14933.906

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 Resources Gas Group'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 )
=	898.008	/	( ( (7162.62 + max(-2116.7, 0))	+	(7744.08 + max(-2738.669, 0)) )	/	2 )
=	898.008	/	( ( 7162.62	+	7744.08 )	/	2 )
=	898.008	/	7453.35
=	12.05 %

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)
=	(2249.252	+	141.872	+	0.53400000000056)	-	(2992.928	+	0	+	1515.43)
=	-2116.7

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2453.564	+	175.374	+	42.021)	-	(3092.617	+	0	+	2317.011)
=	-2738.669

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1194.322	/	8938.864
	=	13.36 %

China Resources Gas Group EBIT Related Terms

Thank you for viewing the detailed overview of China Resources Gas Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (FRA:LGX1) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CRGGF:USA 01193:Hong Kong

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

China Resources Gas Group Headlines

No Headlines