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Yanchang Petroleum International (HKSE:00346) EBIT : HK$645 Mil (TTM As of Dec. 2023)


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What is Yanchang Petroleum International EBIT?

Yanchang Petroleum International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$603 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$645 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yanchang Petroleum International's annualized ROC % for the quarter that ended in Dec. 2023 was -2.10%. Yanchang Petroleum International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 56.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yanchang Petroleum International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 55.33%.


Yanchang Petroleum International EBIT Historical Data

The historical data trend for Yanchang Petroleum International'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.

Yanchang Petroleum International EBIT Chart

Yanchang Petroleum International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -313.35 -730.64 421.97 -560.28 644.54

Yanchang Petroleum International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 363.75 -2.47 -557.81 41.41 603.13

Competitive Comparison of Yanchang Petroleum International's EBIT

For the Oil & Gas Integrated subindustry, Yanchang Petroleum International'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.


Yanchang Petroleum International's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Yanchang Petroleum International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yanchang Petroleum International's EV-to-EBIT falls into.



Yanchang Petroleum International 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 HK$645 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.


Yanchang Petroleum International  (HKSE:00346) EBIT Explanation

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

Yanchang Petroleum International'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 )
=-71.042 * ( 1 - 0.61% )/( (3798.26 + 2939.287)/ 2 )
=-70.6086438/3368.7735
=-2.10 %

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))
=4121.479 - 930.28 - ( 349.898 - max(0, 2591.084 - 1984.023+349.898))
=3798.26

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))
=3684.542 - 1169.215 - ( 226.188 - max(0, 2067.497 - 1643.537+226.188))
=2939.287

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:

Yanchang Petroleum International'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 )
=1206.268/( ( (2066.274 + max(-363.23, 0)) + (1970.266 + max(205.259, 0)) )/ 2 )
=1206.268/( ( 2066.274 + 2175.525 )/ 2 )
=1206.268/2120.8995
=56.88 %

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)
=(373.979 + 584.099 + 637.747) - (930.28 + 0 + 1028.775)
=-363.23

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1014.916 + 346.58 + 52.473) - (1169.215 + 0 + 39.495)
=205.259

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:

Yanchang Petroleum International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=644.544/1164.956
=55.33 %

* 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.


Yanchang Petroleum International EBIT Related Terms

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Yanchang Petroleum International (HKSE:00346) Business Description

Traded in Other Exchanges
N/A
Address
33 Hysan Avenue, Causeway Bay, Room 3403, 34th Floor, Lee Garden One, Hong Kong, HKG
Yanchang Petroleum International Ltd is engaged in supply and procurement operation of oil-related products. The operating segments of the company are Exploration, exploitation, and operation which comprises the oil and gas exploration, exploitation, sale and operation; and Supply and procurement business segment involves storage, transportation, trading and distribution of oil-related products. It generates maximum revenue from Supply and procurement segment. Geographically, it derives majority revenue from PRC and also has an operation in Canada and Others.
Executives
Shan Xi Yan Zhang Shi You Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Yan Zhang Shi You Ji Tuan Xiang Gang You Xian Gong Si 2101 Beneficial owner
Chang An Hui Tong Tou Zi Xiang Gang You Xian Gong Si 2101 Beneficial owner
Chang An Hui Tong You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you

Yanchang Petroleum International (HKSE:00346) Headlines

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