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ZTO Express (Cayman) (HKSE:02057) EBIT : HK$12,383 Mil (TTM As of Sep. 2024)


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What is ZTO Express (Cayman) EBIT?

ZTO Express (Cayman)'s earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was HK$3,279 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$12,383 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ZTO Express (Cayman)'s annualized ROC % for the quarter that ended in Sep. 2024 was 10.79%. ZTO Express (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 35.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 10.95%.


ZTO Express (Cayman) EBIT Historical Data

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) EBIT Chart

ZTO Express (Cayman) 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 7,518.99 6,010.25 7,182.36 9,466.36 12,007.76

ZTO Express (Cayman) Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2,889.88 3,192.32 2,261.59 3,650.07 3,278.90

Competitive Comparison of ZTO Express (Cayman)'s EBIT

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.


ZTO Express (Cayman)'s EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s EV-to-EBIT falls into.



ZTO Express (Cayman) 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$12,383 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.


ZTO Express (Cayman)  (HKSE:02057) EBIT Explanation

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

ZTO Express (Cayman)'s annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=12515.764 * ( 1 - 19.06% )/( (88882.6 + 98949.872)/ 2 )
=10130.2593816/93916.236
=10.79 %

where

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))
=98077.2 - 2898.629 - ( 22005.547 - max(0, 23779.843 - 30075.814+22005.547))
=88882.6

Invested Capital(Q: Sep. 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))
=102749.629 - 5039.711 - ( 25232.249 - max(0, 34443.784 - 33203.83+25232.249))
=98949.872

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

ZTO Express (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13115.6/( ( (36280.95 + max(-4540.417, 0)) + (37617.102 + max(-6855.24, 0)) )/ 2 )
=13115.6/( ( 36280.95 + 37617.102 )/ 2 )
=13115.6/36949.026
=35.50 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1892.948 + 30.245 + 5964.021) - (2898.629 + 1769.062 + 7759.94)
=-4540.417

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2263.49 + 30.445 + 5568.415) - (5039.711 + 1830.953 + 7846.926)
=-6855.24

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=12382.872/113093.971
=10.95 %

* 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.


ZTO Express (Cayman) EBIT Related Terms

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ZTO Express (Cayman) Business Description

Traded in Other Exchanges
Address
No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.
Executives
Jpmorgan Chase & Co. 2106 Person having a security interest in shares
Scts Capital Pte. Ltd. 2306 Nominee for another person
Standard Chartered Trust (singapore) Limited 2301 Trustee
Zto Wjl Holding Limited 2101 Beneficial owner
Wjl Holding Limited 2201 Interest of corporation controlled by you
Wang Jilei 2101 Beneficial owner
Invesco Advisers, Inc. 2102 Investment manager
Invesco Developing Markets Fund 2106 Person having a security interest in shares
Lai Jianfa 2501 Other
Ljfa Holding Limited 2201 Interest of corporation controlled by you
Zto Ljf Holding Limited 2101 Beneficial owner
Taobao China Holding Limited 2201 Interest of corporation controlled by you
Taobao Holding Limited 2201 Interest of corporation controlled by you
Alibaba Zt Investment Limited 2101 Beneficial owner
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you

ZTO Express (Cayman) Headlines

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