Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) EBIT : HK$1,298 Mil (TTM As of Jun. 2024)

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What is Yangtze Optical Fibre and Cable Joint Stock Co EBIT?

Yangtze Optical Fibre and Cable Joint Stock Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was HK$391 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,298 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yangtze Optical Fibre and Cable Joint Stock Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.17%. Yangtze Optical Fibre and Cable Joint Stock Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yangtze Optical Fibre and Cable Joint Stock Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.48%.

Yangtze Optical Fibre and Cable Joint Stock Co EBIT Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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.

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Yangtze Optical Fibre and Cable Joint Stock Co EBIT Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,051.18

745.86

1,031.45

1,501.13

1,581.10

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															216.02	494.31	113.16	391.00	299.47

Competitive Comparison of Yangtze Optical Fibre and Cable Joint Stock Co's EBIT

For the Communication Equipment subindustry, Yangtze Optical Fibre and Cable Joint Stock 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.

Yangtze Optical Fibre and Cable Joint Stock Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yangtze Optical Fibre and Cable Joint Stock Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yangtze Optical Fibre and Cable Joint Stock Co's EV-to-EBIT falls into.

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Yangtze Optical Fibre and Cable Joint Stock 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 quarterly data reported by the company within the most recent 12 months, which was HK$1,298 Mil.

Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) EBIT Explanation

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

Yangtze Optical Fibre and Cable Joint Stock 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: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	1200.652 * ( 1 - 2.46% )	/	( (22307.211	+	23012.267)	/ 2 )
=	1171.1159608	/	22659.739
=	5.17 %

where

	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	))
=	31793.658	-	3683.149	-	( 5803.298	-	max(0, 9048.583	-	16060.438	+	5803.298	))
=	22307.211

	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	))
=	32167.02	-	3560.595	-	( 5594.158	-	max(0, 9043.736	-	16100.896	+	5594.158	))
=	23012.267

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

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

Yangtze Optical Fibre and Cable Joint Stock 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: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1563.992	/	( ( (8661.293 + max(3787.027, 0))	+	(8847.949 + max(4913.866, 0)) )	/	2 )
=	1563.992	/	( ( 12448.32	+	13761.815 )	/	2 )
=	1563.992	/	13105.0675
=	11.93 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5310.612	+	3278.875	+	470.249)	-	(3683.149	+	0	+	1589.56)
=	3787.027

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5395.636	+	3529.365	+	615.948)	-	(3560.595	+	0	+	1066.488)
=	4913.866

When net working capital is negative, 0 is used.

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

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

Yangtze Optical Fibre and Cable Joint Stock Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	1297.936	/	28967.320
	=	4.48 %

Yangtze Optical Fibre and Cable Joint Stock Co EBIT Related Terms

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Yangtze Optical Fibre and Cable Joint Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (HKSE:06869) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1YO:Germany 601869:China

Address

No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.yofc.com

Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through three operating segments, optical fibers and optical fiber preforms; and Optical components and modules, optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.

Executives

Jpmorgan Chase & Co.

2201 Interest of corporation controlled by you

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