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Jilin Province Chuncheng Heating Co (HKSE:01853) EBIT : HK$162 Mil (TTM As of Jun. 2024)


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What is Jilin Province Chuncheng Heating Co EBIT?

Jilin Province Chuncheng Heating Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$189 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$162 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jilin Province Chuncheng Heating Co's annualized ROC % for the quarter that ended in Jun. 2024 was 11.97%. Jilin Province Chuncheng Heating Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 38.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 102.58%.


Jilin Province Chuncheng Heating Co EBIT Historical Data

The historical data trend for Jilin Province Chuncheng Heating 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.

Jilin Province Chuncheng Heating Co EBIT Chart

Jilin Province Chuncheng Heating Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 206.00 257.80 217.39 196.08 171.36

Jilin Province Chuncheng Heating Co Semi-Annual Data
Dec16 Dec17 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 98.96 101.81 198.28 -26.92 188.53

Competitive Comparison of Jilin Province Chuncheng Heating Co's EBIT

For the Utilities - Independent Power Producers subindustry, Jilin Province Chuncheng Heating 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.


Jilin Province Chuncheng Heating Co's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Jilin Province Chuncheng Heating Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jilin Province Chuncheng Heating Co's EV-to-EBIT falls into.


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Jilin Province Chuncheng Heating 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$162 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.


Jilin Province Chuncheng Heating Co  (HKSE:01853) EBIT Explanation

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

Jilin Province Chuncheng Heating Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=377.068 * ( 1 - 26.16% )/( (2878.7 + 1773.863)/ 2 )
=278.4270112/2326.2815
=11.97 %

where

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))
=3288.548 - 365.668 - ( 1222.453 - max(0, 2080.047 - 2124.227+1222.453))
=2878.7

Invested Capital(Q: Jun. 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))
=2204.468 - 188.247 - ( 603.323 - max(0, 855.131 - 1097.489+603.323))
=1773.863

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Jilin Province Chuncheng Heating Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=377.068/( ( (1007.923 + max(-1049.191, 0)) + (954.438 + max(-263.822, 0)) )/ 2 )
=377.068/( ( 1007.923 + 954.438 )/ 2 )
=377.068/981.1805
=38.43 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(159.128 + 7.343 + 664.081) - (365.668 + 0 + 1514.075)
=-1049.191

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(167.083 + 7.702 + 255.904) - (188.247 + 0 + 506.264)
=-263.822

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=161.613/157.552
=102.58 %

* 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.


Jilin Province Chuncheng Heating Co EBIT Related Terms

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Jilin Province Chuncheng Heating Co Business Description

Traded in Other Exchanges
N/A
Address
No. 998 Nanhu Road, No. 28, Block B, Nanhu Road Community, Nanguan District, Jilin Province, Changchun, CHN
Jilin Province Chuncheng Heating Co Ltd is a heat service provider in Jilin Province. The heat supply activities include the provision and distribution of heat, pipeline connection, and heat transmission services. Further, it is also engaged in the offer of construction, maintenance, and design services which include engineering construction, engineering maintenance, design services, and electrical and instrument maintenance and repair services. It operates in two segments: Heat supply segment and Construction, maintenance and design services segment. It derives the majority of its revenue from the Heat supply segment.
Executives
Dong Bei Ya Wan Zhong Chuang Tou Zi Guan Li Ji Lin You Xian Gong Si 2305 Beneficiary of a trust
Zhong Guo Dui Wai Jing Ji Mao Yi Xin Tuo You Xian Gong Si 2301 Trustee
Cititrust Private Trust (cayman) Limited 2201 Interest of corporation controlled by you
Fantasy Races Limited 2201 Interest of corporation controlled by you
Harvest Well Holdings Limited 2201 Interest of corporation controlled by you
Joywise Holdings Limited 2201 Interest of corporation controlled by you
Ming Fai International Limited 2201 Interest of corporation controlled by you
Sunshine 100 China Holdings Ltd 2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si 2301 Trustee
He Li Bo 2101 Beneficial owner
Wang Fu Jiang 2101 Beneficial owner

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