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AviChina Industry & Technology Co (HKSE:02357) EBIT : HK$7,441 Mil (TTM As of Jun. 2024)


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What is AviChina Industry & Technology Co EBIT?

AviChina Industry & Technology Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$4,188 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$7,441 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AviChina Industry & Technology Co's annualized ROC % for the quarter that ended in Jun. 2024 was 6.72%. AviChina Industry & Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AviChina Industry & Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.45%.


AviChina Industry & Technology Co EBIT Historical Data

The historical data trend for AviChina Industry & Technology 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.

AviChina Industry & Technology Co EBIT Chart

AviChina Industry & Technology 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 4,204.72 5,673.52 6,994.17 7,561.34 8,181.78

AviChina Industry & Technology 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 4,389.58 3,379.53 4,929.78 3,252.01 4,188.50

Competitive Comparison of AviChina Industry & Technology Co's EBIT

For the Aerospace & Defense subindustry, AviChina Industry & Technology 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.


AviChina Industry & Technology Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AviChina Industry & Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AviChina Industry & Technology Co's EV-to-EBIT falls into.


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AviChina Industry & Technology 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$7,441 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.


AviChina Industry & Technology Co  (HKSE:02357) EBIT Explanation

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

AviChina Industry & Technology 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 )
=8156.652 * ( 1 - 9.1% )/( (106177.448 + 114595.357)/ 2 )
=7414.396668/110386.4025
=6.72 %

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))
=202368.996 - 51940.41 - ( 44251.138 - max(0, 93557.825 - 158290.284+44251.138))
=106177.448

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))
=199835.915 - 52600.442 - ( 32640.116 - max(0, 93353.647 - 155318.199+32640.116))
=114595.357

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:

AviChina Industry & Technology 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 )
=8376.99/( ( (30223.368 + max(21227.774, 0)) + (29947.095 + max(31233.346, 0)) )/ 2 )
=8376.99/( ( 51451.142 + 61180.441 )/ 2 )
=8376.99/56315.7915
=14.88 %

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)
=(41712.799 + 43883.493 + 8601.4) - (51940.41 + 0 + 21029.508)
=21227.774

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49529.354 + 47830.167 + 7670.512) - (52600.442 + 0 + 21196.245)
=31233.346

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:

AviChina Industry & Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=7440.506/88056.105
=8.45 %

* 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.


AviChina Industry & Technology Co EBIT Related Terms

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AviChina Industry & Technology Co Business Description

Traded in Other Exchanges
Address
No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029
AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales, and upgrade of civil aviation products and defense products such as the provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business which generates key revenue; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. AviChina mainly conducts its business in China.
Executives
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Tian Jin Bao Shui Qu Tou Zi You Xian Gong Si 2101 Beneficial owner

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