China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) EBIT : ¥3,383 Mil (TTM As of Dec. 2023)

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What is China Northern Rare Earth (Group) High-Tech Co EBIT?

China Northern Rare Earth (Group) High-Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥1,327 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥3,383 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Northern Rare Earth (Group) High-Tech Co's annualized ROC % for the quarter that ended in Dec. 2023 was 17.27%. China Northern Rare Earth (Group) High-Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Northern Rare Earth (Group) High-Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.62%.

China Northern Rare Earth (Group) High-Tech Co EBIT Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech Co EBIT Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,233.63

1,623.84

7,136.31

7,787.31

3,382.83

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															1,330.75	1,184.85	236.72	634.06	1,327.20

Competitive Comparison of China Northern Rare Earth (Group) High-Tech Co's EBIT

For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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.

China Northern Rare Earth (Group) High-Tech Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Northern Rare Earth (Group) High-Tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Northern Rare Earth (Group) High-Tech Co's EV-to-EBIT falls into.

China Northern Rare Earth (Group) High-Tech 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥3,383 Mil.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) EBIT Explanation

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

China Northern Rare Earth (Group) High-Tech Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	6405.292 * ( 1 - 16.29% )	/	( (30603.653	+	31499.829)	/ 2 )
=	5361.8699332	/	31051.741
=	17.27 %

where

	Invested Capital		(Q: Sep. 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	))
=	40644.146	-	3747.965	-	( 6292.528	-	max(0, 8914.383	-	30095.518	+	6292.528	))
=	30603.653

	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	))
=	40496.655	-	3310.755	-	( 5686.071	-	max(0, 9248.138	-	28955.938	+	5686.071	))
=	31499.829

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

China Northern Rare Earth (Group) High-Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5308.784	/	( ( (6579.36 + max(12410.087, 0))	+	(6961.917 + max(13688.617, 0)) )	/	2 )
=	5308.784	/	( ( 18989.447	+	20650.534 )	/	2 )
=	5308.784	/	19819.9905
=	26.78 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3214.153	+	14339.97	+	1144.129)	-	(3747.965	+	0	+	2540.2)
=	12410.087

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3501.583	+	14825.84	+	923.148)	-	(3310.755	+	0	+	2251.199)
=	13688.617

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

China Northern Rare Earth (Group) High-Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3382.827	/	73165.213
	=	4.62 %

China Northern Rare Earth (Group) High-Tech Co EBIT Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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