China Fishery Group (SGX:B0Z) EBIT: S$127.7 Mil (TTM As of Jun. 2015)

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What is China Fishery Group EBIT?

China Fishery Group SGX:B0Z EBIT is S$127.7 Mil as of Jun. 2015.

China Fishery Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was S$18.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was S$127.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Fishery Group's annualized ROC % for the quarter that ended in Jun. 2015 was 2.17%. China Fishery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 6.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Fishery Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 45.60%.


China Fishery Group  (SGX:B0Z) EBIT Explanation

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

China Fishery Group's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

ROC % (Q: Jun. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2015 ) + Invested Capital (Q: Jun. 2015 ))/ count )
=74.232 * ( 1 - 0% )/( (3376.142 + 3468.954)/ 2 )
=74.232/3422.548
=2.17 %

where

Invested Capital(Q: Mar. 2015 )
=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))
=3583.622 - 39.041 - ( 168.439 - max(0, 268.394 - 964.145+168.439))
=3376.142

Invested Capital(Q: Jun. 2015 )
=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))
=3569.313 - 44.823 - ( 55.536 - max(0, 443.346 - 1030.84+55.536))
=3468.954

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data.

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

China Fishery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2015  Q: Jun. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=74.232/( ( (793.371 + max(364.543, 0)) + (751.404 + max(559.063, 0)) )/ 2 )
=74.232/( ( 1157.914 + 1310.467 )/ 2 )
=74.232/1234.1905
=6.01 %

where Working Capital is:

Working Capital(Q: Mar. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.676 + 117.665 + 147.243) - (39.041 + 0 + 0)
=364.543

Working Capital(Q: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(148.098 + 316.415 + 141.455) - (44.823 + 0 + 2.0820000000001)
=559.063

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

China Fishery Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2015 )
=127.653/279.941
=45.60 %

* 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.


China Fishery Group EBIT Related Terms


China Fishery Group EBIT Historical Data

* Premium members only.

The historical data trend for China Fishery Group'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.

China Fishery Group EBIT Chart

China Fishery Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.22 180.73 131.90 151.59 196.73

China Fishery Group Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 56.32 38.58 36.83 33.68 18.56

China Fishery Group EBIT Competitor Comparison

For the Packaged Foods subindustry, China Fishery Group'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 Fishery Group EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Fishery Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Fishery Group's EV-to-EBIT falls into.



China Fishery Group 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was S$127.7 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of S$127.7 Mil mean?
China Fishery Group (SGX:B0Z) has a EBIT of S$127.7 Mil as of Jun. 2015. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Fishery Group.
Is China Fishery Group's EBIT too high?
China Fishery Group's current EBIT is S$127.7 Mil.
How does China Fishery Group's EBIT compare to competitors?
China Fishery Group's EBIT of S$127.7 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Fishery Group. China Fishery Group's current EBIT is S$127.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Fishery Group stock overvalued right now?
China Fishery Group (SGX:B0Z) has a current EBIT of S$127.7 Mil. The current EBIT is S$127.7 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For China Fishery Group (SGX:B0Z), the current EBIT is S$127.7 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Fishery Group Business Description

Address 188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG
China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.