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Midea Group Co (HKSE:00300) EBIT : HK$53,267 Mil (TTM As of Dec. 2024)


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What is Midea Group Co EBIT?

Midea Group Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was HK$9,651 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$53,267 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Midea Group Co's annualized ROC % for the quarter that ended in Dec. 2024 was 5.16%. Midea Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 86.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Midea Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 9.79%.


Midea Group Co EBIT Historical Data

The historical data trend for Midea Group 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.

Midea Group Co EBIT Chart

Midea Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39,082.69 42,948.33 41,080.41 47,125.76 52,468.72

Midea Group Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 7,675.90 12,248.34 16,407.57 14,960.03 9,651.49

Competitive Comparison of Midea Group Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.


Midea Group Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's EV-to-EBIT distribution charts can be found below:

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


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Midea Group 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$53,267 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.


Midea Group Co  (HKSE:00300) EBIT Explanation

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

Midea Group Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=29097.32 * ( 1 - 20.32% )/( (440126.805 + 458342.983)/ 2 )
=23184.744576/449234.894
=5.16 %

where

Invested Capital(Q: Sep. 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))
=624458.49 - 140341.576 - ( 184837.693 - max(0, 354580.39 - 398570.499+184837.693))
=440126.805

Invested Capital(Q: Dec. 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))
=645249.591 - 147142.251 - ( 157317.658 - max(0, 375628.179 - 415392.536+157317.658))
=458342.983

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

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

Midea Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=38605.972/( ( (44438.094 + max(-96454.853, 0)) + (44484.399 + max(-74067.776, 0)) )/ 2 )
=38605.972/( ( 44438.094 + 44484.399 )/ 2 )
=38605.972/44461.2465
=86.83 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40655.442 + 47095.77 + 96505.337) - (140341.576 + 0 + 140369.826)
=-96454.853

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38221.564 + 67625.482 + 120259.603) - (147142.251 + 0 + 153032.174)
=-74067.776

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=53267.435/544142.153
=9.79 %

* 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.


Midea Group Co EBIT Related Terms

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Midea Group Co Business Description

Traded in Other Exchanges
Address
No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Hsbc Holdings Plc 2302 Custodian
Hhlr Fund, L.p. 2101 Beneficial owner
Hhlr Cf, L.p. 2101 Beneficial owner
Hhlr Advisors, Ltd. 2102 Investment manager
China Cosco Shipping Corporation Limited 2201 Interest of corporation controlled by you
China Ocean Shipping Company Limited 2201 Interest of corporation controlled by you
Cosco Shipping Holdings (hong Kong) Limited 2101 Beneficial owner
Cosco Shipping Holdings Co., Ltd. 2201 Interest of corporation controlled by you
J.p. Morgan Securities Plc 2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter
China International Capital Corporation (international) Limited 2201 Interest of corporation controlled by you
Morgan Stanley International Holdings Inc. 2201 Interest of corporation controlled by you
Morgan Stanley & Co. International Plc 2101 Beneficial owner

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