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ZJLD Group (FRA:LH6) EBIT : €277.5 Mil (TTM As of Jun. 2024)


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What is ZJLD Group EBIT?

ZJLD Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €144.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €277.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ZJLD Group's annualized ROC % for the quarter that ended in Jun. 2024 was 13.38%. ZJLD Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 33.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ZJLD Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.12%.

ZJLD Group EBIT Historical Data

The historical data trend for ZJLD 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.

ZJLD Group EBIT Chart

ZJLD Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
93.18 200.77 198.30 371.17

ZJLD Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 107.46 95.32 238.59 133.43 144.06

Competitive Comparison of ZJLD Group's EBIT

For the Beverages - Wineries & Distilleries subindustry, ZJLD 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.

ZJLD Group's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, ZJLD Group's EV-to-EBIT distribution charts can be found below:

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


ZJLD 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €277.5 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.

ZJLD Group  (FRA:LH6) EBIT Explanation

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

ZJLD Group'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: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=250.116 * ( 1 - 32.99% )/( (1229.122 + 1276.619)/ 2 )
=167.6027316/1252.8705
=13.38 %

where

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))
=2257.465 - 287.248 - ( 741.095 - max(0, 623.236 - 1654.431+741.095))
=1229.122

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))
=2312.491 - 258.465 - ( 777.407 - max(0, 617.44 - 1682.273+777.407))
=1276.619

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

ZJLD Group'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: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=288.128/( ( (579.558 + max(269.929, 0)) + (607.418 + max(285.518, 0)) )/ 2 )
=288.128/( ( 849.487 + 892.936 )/ 2 )
=288.128/871.2115
=33.07 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.94 + 819.816 + 55.933) - (287.248 + 0 + 329.512)
=269.929

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.383 + 830.85 + 5.2379999999998) - (258.465 + 0 + 320.488)
=285.518

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=277.495/2288.723
=12.12 %

* 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.

ZJLD Group EBIT Related Terms

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ZJLD Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » ZJLD Group Inc (FRA:LH6) » Definitions » EBIT
Comparable Companies
HKSE:00389 HKSE:00828 HKSE:08509 HKSE:08146 HKSE:08057 HKSE:01389 SHSE:600519 SZSE:000858 LSE:DGE XPAR:RI SZSE:000568 STZ SHSE:600809 BF.B SZSE:002304 SZSE:000596 MIL:CPR SHSE:603369 SGX:Y92 BOM:532432
Traded in Other Exchanges
06979:Hong Kong LH6:Germany
Address
No.15 Baiqiao Avenue, 8th Floor, Jiahe Guoxin Building, Dongcheng District, Beijing, CHN
Website
https://www.zjld.com
Zhenjiu Lidu, or ZJLD, is one of the leading non-state-owned baijiu distillers in China. It operates a portfolio of baijiu brands with aroma ranging across Jiang, Rich, and Mixed flavors that include Zhen Jiu, Li Du, Xiang Jiao, and Kai Kou Xiao, which contributed 65%, 16%, 12% and 6% of total revenue in 2023, respectively. ZJLD listed on the Hong Kong Stock Exchange in April 2023, ranking it as the ninth largest among the listed baijiu distillers in terms of revenue in 2023. Chairman Wu Xiangdong through Jindong Investment, controls 69% of the firm's total equity stake as of December 2023.

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