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Changan Minsheng APLL Logistics Co (HKSE:01292) EBIT : HK$111 Mil (TTM As of Dec. 2023)


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What is Changan Minsheng APLL Logistics Co EBIT?

Changan Minsheng APLL Logistics Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$55 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$111 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changan Minsheng APLL Logistics Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.14%. Changan Minsheng APLL Logistics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changan Minsheng APLL Logistics Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.99%.


Changan Minsheng APLL Logistics Co EBIT Historical Data

The historical data trend for Changan Minsheng APLL Logistics 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.

Changan Minsheng APLL Logistics Co EBIT Chart

Changan Minsheng APLL Logistics Co 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 -31.38 35.01 82.02 84.98 101.15

Changan Minsheng APLL Logistics 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 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 39.89 46.98 45.93 55.22 55.84

Competitive Comparison of Changan Minsheng APLL Logistics Co's EBIT

For the Integrated Freight & Logistics subindustry, Changan Minsheng APLL Logistics 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.


Changan Minsheng APLL Logistics Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changan Minsheng APLL Logistics Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changan Minsheng APLL Logistics Co's EV-to-EBIT falls into.



Changan Minsheng APLL Logistics 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$111 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.


Changan Minsheng APLL Logistics Co  (HKSE:01292) EBIT Explanation

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

Changan Minsheng APLL Logistics Co'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 )
=94.302 * ( 1 - 27.15% )/( (1690.422 + 2683.978)/ 2 )
=68.699007/2187.2
=3.14 %

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))
=5882.623 - 3059.127 - ( 1133.074 - max(0, 3239.395 - 4386.905+1133.074))
=1690.422

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))
=5659.663 - 2043.085 - ( 932.6 - max(0, 2985.515 - 4014.067+932.6))
=2683.978

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:

Changan Minsheng APLL Logistics Co'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 )
=110.446/( ( (1139.59 + max(-2003.045, 0)) + (1052.07 + max(-378.573, 0)) )/ 2 )
=110.446/( ( 1139.59 + 1052.07 )/ 2 )
=110.446/1095.83
=10.08 %

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)
=(1029.336 + 106.88 + 33.139999999999) - (3059.127 + 0 + 113.274)
=-2003.045

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1604.408 + 31.584 + 230.35) - (2043.085 + 0 + 201.83)
=-378.573

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:

Changan Minsheng APLL Logistics Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=111.067/383.151
=28.99 %

* 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.


Changan Minsheng APLL Logistics Co EBIT Related Terms

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Changan Minsheng APLL Logistics Co Business Description

Traded in Other Exchanges
Address
No. 1881, Jinkai Road, Yubei District, Chongqing, CHN, 401122
Changan Minsheng APLL Logistics Co Ltd is a China-based logistics provider. Along with its subsidiaries, e the rendering of transportation services for finished vehicles, supply chain management services for automobile raw materials, components, and parts, transportation services for non-automobile commodities, the sale of packaging materials, and the processing of tires. It principally has its business presence in PRC.
Executives
Apl Logistics Ltd 2101 Beneficial owner
Apl Logistics Ltd. 2101 Beneficial owner
Zhong Guo Chang An Qi Che Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner

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