China Aluminum International Engineering (HKSE:02068) EBIT : HK$-2,758 Mil (TTM As of Mar. 2024)

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What is China Aluminum International Engineering EBIT?

China Aluminum International Engineering's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was HK$219 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-2,758 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Aluminum International Engineering's annualized ROC % for the quarter that ended in Mar. 2024 was 1.40%. China Aluminum International Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 24.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Aluminum International Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -13.48%.

China Aluminum International Engineering EBIT Historical Data

The historical data trend for China Aluminum International Engineering'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 Aluminum International Engineering EBIT Chart

China Aluminum International Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,204.93

-1,389.70

-460.95

889.20

-2,765.97

China Aluminum International Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															217.28	-1,014.56	154.08	-2,117.17	219.25

Competitive Comparison of China Aluminum International Engineering's EBIT

For the Engineering & Construction subindustry, China Aluminum International Engineering'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 Aluminum International Engineering's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Aluminum International Engineering's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Aluminum International Engineering's EV-to-EBIT falls into.

China Aluminum International Engineering 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-2,758 Mil.

China Aluminum International Engineering (HKSE:02068) EBIT Explanation

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

China Aluminum International Engineering's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	381.732 * ( 1 - 12.45% )	/	( (22994.17	+	24847.856)	/ 2 )
=	334.206366	/	23921.013
=	1.40 %

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	))
=	44783.467	-	17370.31	-	( 4418.987	-	max(0, 29324.013	-	35127.781	+	4418.987	))
=	22994.17

	Invested Capital		(Q: Mar. 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	))
=	44359.78	-	15018.352	-	( 4493.572	-	max(0, 29578.766	-	34830.084	+	4493.572	))
=	24847.856

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

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

China Aluminum International Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	877.012	/	( ( (2822.328 + max(1548.15, 0))	+	(2817.73 + max(-3457.542, 0)) )	/	2 )
=	877.012	/	( ( 4370.478	+	2817.73 )	/	2 )
=	877.012	/	3594.104
=	24.40 %

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)
=	(16719.892	+	2438.521	+	4488.64)	-	(17370.31	+	0	+	4728.593)
=	1548.15

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(16357.997	+	2426.308	+	1589.555)	-	(15018.352	+	0	+	8813.05)
=	-3457.542

When net working capital is negative, 0 is used.

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

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

China Aluminum International Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-2758.4	/	20465.665
	=	-13.48 %

China Aluminum International Engineering EBIT Related Terms

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China Aluminum International Engineering (HKSE:02068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Aluminum International Engineering Corp Ltd (HKSE:02068) » Definitions » EBIT

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Traded in Other Exchanges

601068:China

Address

No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093

Website

https://www.chalieco.com.cn

China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. The company earns its revenue from its operations in China.

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