ANE (Cayman) (HKSE:09956) EBIT : HK$690 Mil (TTM As of Jun. 2023)

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What is ANE (Cayman) EBIT?

ANE (Cayman)'s earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was HK$324 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was HK$690 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ANE (Cayman)'s annualized ROC % for the quarter that ended in Jun. 2023 was 8.52%. ANE (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 22.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ANE (Cayman)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 10.88%.

ANE (Cayman) EBIT Historical Data

The historical data trend for ANE (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.

ANE (Cayman) EBIT Chart

ANE (Cayman) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-250.07

190.26

-2,450.68

-179.70

689.91

ANE (Cayman) Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial				871.00	-161.35	-25.99	323.84	366.07

Competitive Comparison of ANE (Cayman)'s EBIT

For the Trucking subindustry, ANE (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.

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

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

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

ANE (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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$690 Mil.

ANE (Cayman) (HKSE:09956) EBIT Explanation

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

ANE (Cayman)'s annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	649.76 * ( 1 - 31.58% )	/	( (5963.596	+	4474.593)	/ 2 )
=	444.565792	/	5219.0945
=	8.52 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	6511.818	-	509.511	-	( 2100.56	-	max(0, 2872.137	-	2910.848	+	2100.56	))
=	5963.596

	Invested Capital		(Q: Jun. 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	))
=	6206.001	-	1338.577	-	( 2017.917	-	max(0, 2548.829	-	2941.66	+	2017.917	))
=	4474.593

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

ANE (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	647.686	/	( ( (3035.005 + max(-1270.517, 0))	+	(2812.047 + max(-1186.18, 0)) )	/	2 )
=	647.686	/	( ( 3035.005	+	2812.047 )	/	2 )
=	647.686	/	2923.526
=	22.15 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.203	+	10.119	+	101.158)	-	(509.511	+	0	+	898.486)
=	-1270.517

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.748	+	8.606	+	117.043)	-	(1338.577	+	0	+	4.5474735088646E-13)
=	-1186.18

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	689.909	/	6339.470
	=	10.88 %

ANE (Cayman) EBIT Related Terms

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ANE (Cayman) (HKSE:09956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANE (Cayman) Inc (HKSE:09956) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Huaxu Road, 8th Floor, Block B, E Linke World North District, Xujing Town, Qingpu District, Shanghai, CHN

Website

https://www.ane56.com

ANE (Cayman) Inc is a express freight network in China's less-than-truckload market. The Company mainly provide transportation services, value-added services and dispatch services to their freight partners, direct customers The company's business has one single operating segment namely provision of transportation and related services.

Executives

Qin Xinghua	2101 Beneficial owner
Wang Yongjun	2201 Interest of corporation controlled by you
Liu Haiyan	2501 Other
Zhu Jianhui	2501 Other
Advance Step Holdings Limited	2201 Interest of corporation controlled by you
Centurium Capital Partners 2018, L.p.	2201 Interest of corporation controlled by you
Topaz Gem Investment Holdings Limited	2101 Beneficial owner
Cdf Ane Limited	2501 Other
Max Choice Ventures Limited	2101 Beneficial owner
Trident Trust Company (hk) Limited	2301 Trustee

ANE (Cayman) (HKSE:09956) Headlines

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