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Chengdu Expressway Co (HKSE:01785) EBIT : HK$492 Mil (TTM As of Sep. 2023)


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What is Chengdu Expressway Co EBIT?

Chengdu Expressway Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was HK$294 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$492 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chengdu Expressway Co's annualized ROC % for the quarter that ended in Sep. 2023 was 11.57%. Chengdu Expressway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 223.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chengdu Expressway Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 12.34%.


Chengdu Expressway Co EBIT Historical Data

The historical data trend for Chengdu Expressway 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.

Chengdu Expressway Co EBIT Chart

Chengdu Expressway Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 909.88 664.97 1,178.53 907.37 1,007.61

Chengdu Expressway Co Quarterly Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 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 237.48 178.05 - 294.42 197.61

Competitive Comparison of Chengdu Expressway Co's EBIT

For the Infrastructure Operations subindustry, Chengdu Expressway 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.


Chengdu Expressway Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chengdu Expressway Co's EV-to-EBIT distribution charts can be found below:

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



Chengdu Expressway 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$492 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.


Chengdu Expressway Co  (HKSE:01785) EBIT Explanation

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

Chengdu Expressway Co's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=1063.044 * ( 1 - 15.33% )/( (8037.077 + 7516.451)/ 2 )
=900.0793548/7776.764
=11.57 %

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))
=10264.073 - 1395.474 - ( 2381.575 - max(0, 1984.983 - 2816.505+2381.575))
=8037.077

Invested Capital(Q: Sep. 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))
=9938.495 - 1051.504 - ( 2288.236 - max(0, 1316.596 - 2687.136+2288.236))
=7516.451

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Chengdu Expressway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1177.672/( ( (547.109 + max(-1007.513, 0)) + (507.736 + max(-960.706, 0)) )/ 2 )
=1177.672/( ( 547.109 + 507.736 )/ 2 )
=1177.672/527.4225
=223.29 %

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)
=(319.287 + 23.213 + 70.814) - (1395.474 + 0 + 25.353)
=-1007.513

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(219.163 + 28.38 + 108.347) - (1051.504 + 0 + 265.092)
=-960.706

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=492.028/3986.486
=12.34 %

* 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.


Chengdu Expressway Co EBIT Related Terms

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Chengdu Expressway Co (HKSE:01785) Business Description

Traded in Other Exchanges
N/A
Address
No. 66 Shenghe 1st Road, 9th Floor, Chengnan Tianfu Building, High-Tech Zone, Sichuan, Chengdu, CHN
Chengdu Expressway Co Ltd is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, the Group also carries out retail of refined oil and operation of CNG. It operates in two reportable segments the Expressway segment segment comprises the construction, operation and maintenance of toll expressways located in Sichuan province; and the Energy Investment segment comprises the operation of petrol stations and a gas station and sales of refined oil and compressed natural gas. It derives majority of the revenue from Expressway segment.

Chengdu Expressway Co (HKSE:01785) Headlines

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