China Daye Non-Ferrous Metals Mining (HKSE:00661) EBIT : HK$922 Mil (TTM As of Dec. 2023)

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What is China Daye Non-Ferrous Metals Mining EBIT?

China Daye Non-Ferrous Metals Mining's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$508 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$922 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Daye Non-Ferrous Metals Mining's annualized ROC % for the quarter that ended in Dec. 2023 was 3.25%. China Daye Non-Ferrous Metals Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Daye Non-Ferrous Metals Mining's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.24%.

China Daye Non-Ferrous Metals Mining EBIT Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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 Daye Non-Ferrous Metals Mining EBIT Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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757.63

791.25

962.29

436.06

921.56

China Daye Non-Ferrous Metals Mining 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															523.63	237.68	209.63	413.49	508.07

Competitive Comparison of China Daye Non-Ferrous Metals Mining's EBIT

For the Copper subindustry, China Daye Non-Ferrous Metals Mining'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 Daye Non-Ferrous Metals Mining's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Daye Non-Ferrous Metals Mining's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Daye Non-Ferrous Metals Mining's EV-to-EBIT falls into.

China Daye Non-Ferrous Metals Mining 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$922 Mil.

China Daye Non-Ferrous Metals Mining (HKSE:00661) EBIT Explanation

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

China Daye Non-Ferrous Metals Mining'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 )
=	895.938 * ( 1 - 21.28% )	/	( (21353.363	+	22016.322)	/ 2 )
=	705.2823936	/	21684.8425
=	3.25 %

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	))
=	26467.897	-	3848.385	-	( 1266.149	-	max(0, 12896.037	-	14726.16	+	1266.149	))
=	21353.363

	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	))
=	28561.799	-	5460.576	-	( 1084.901	-	max(0, 13920.066	-	16533.542	+	1084.901	))
=	22016.322

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 Daye Non-Ferrous Metals Mining'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 )
=	1016.134	/	( ( (10974.398 + max(9300.585, 0))	+	(10190.213 + max(9799.607, 0)) )	/	2 )
=	1016.134	/	( ( 20274.983	+	19989.82 )	/	2 )
=	1016.134	/	20132.4015
=	5.05 %

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)
=	(69.988	+	11285.188	+	2050.189)	-	(3848.385	+	0	+	256.395)
=	9300.585

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(367.013	+	13755.898	+	1286.663)	-	(5460.576	+	0	+	149.391)
=	9799.607

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 Daye Non-Ferrous Metals Mining's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	921.558	/	17584.402
	=	5.24 %

China Daye Non-Ferrous Metals Mining EBIT Related Terms

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China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

http://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.

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