Zhuzhou CRRC Times Electric Co (FRA:ZTX) EBIT : €500 Mil (TTM As of Jun. 2024)

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What is Zhuzhou CRRC Times Electric Co EBIT?

Zhuzhou CRRC Times Electric Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €222 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €500 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhuzhou CRRC Times Electric Co's annualized ROC % for the quarter that ended in Jun. 2024 was 9.62%. Zhuzhou CRRC Times Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 17.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhuzhou CRRC Times Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.46%.

Zhuzhou CRRC Times Electric Co EBIT Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co EBIT Chart

Zhuzhou CRRC Times Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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379.59

358.62

297.93

401.14

437.53

Zhuzhou CRRC Times Electric Co 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															142.07	264.99	160.48	277.62	222.00

Competitive Comparison of Zhuzhou CRRC Times Electric Co's EBIT

For the Railroads subindustry, Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhuzhou CRRC Times Electric Co's EV-to-EBIT falls into.

Zhuzhou CRRC Times Electric 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 semi-annually data reported by the company within the most recent 12 months, which was €500 Mil.

Zhuzhou CRRC Times Electric Co (FRA:ZTX) EBIT Explanation

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

Zhuzhou CRRC Times Electric 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: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	439.116 * ( 1 - 6.3% )	/	( (4101.321	+	4453.327)	/ 2 )
=	411.451692	/	4277.324
=	9.62 %

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	))
=	6858.666	-	981.168	-	( 1776.177	-	max(0, 1725.061	-	4817.965	+	1776.177	))
=	4101.321

	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	))
=	7931.233	-	1361.794	-	( 2116.112	-	max(0, 2215.592	-	5514.924	+	2116.112	))
=	4453.327

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:

Zhuzhou CRRC Times Electric 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: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	444.004	/	( ( (1014.139 + max(1302.904, 0))	+	(1230.103 + max(1405.046, 0)) )	/	2 )
=	444.004	/	( ( 2317.043	+	2635.149 )	/	2 )
=	444.004	/	2476.096
=	17.93 %

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)
=	(1608.399	+	699.027	+	140.824)	-	(981.168	+	0	+	164.178)
=	1302.904

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2013.266	+	775.209	+	165.498)	-	(1361.794	+	0	+	187.133)
=	1405.046

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:

Zhuzhou CRRC Times Electric Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	499.618	/	6698.502
	=	7.46 %

Zhuzhou CRRC Times Electric Co EBIT Related Terms

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Zhuzhou CRRC Times Electric Co Business Description

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03898:Hong Kong 688187:China

Address

No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001

Website

https://www.tec.crrczic.cc

Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, and communication signal systems. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.

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