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Zhejiang China Commodities City Group Co (SHSE:600415) EBIT : ¥3,633 Mil (TTM As of Sep. 2024)


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What is Zhejiang China Commodities City Group Co EBIT?

Zhejiang China Commodities City Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥1,174 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥3,633 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang China Commodities City Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.75%. Zhejiang China Commodities City Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 52.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang China Commodities City Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.88%.


Zhejiang China Commodities City Group Co EBIT Historical Data

The historical data trend for Zhejiang China Commodities City Group 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.

Zhejiang China Commodities City Group Co EBIT Chart

Zhejiang China Commodities City Group 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 2,064.74 1,808.41 1,987.76 1,428.87 3,398.71

Zhejiang China Commodities City Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 496.29 480.25 968.87 1,009.78 1,174.43

Competitive Comparison of Zhejiang China Commodities City Group Co's EBIT

For the Real Estate - Diversified subindustry, Zhejiang China Commodities City Group 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.


Zhejiang China Commodities City Group Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhejiang China Commodities City Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang China Commodities City Group Co's EV-to-EBIT falls into.



Zhejiang China Commodities City Group 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥3,633 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.


Zhejiang China Commodities City Group Co  (SHSE:600415) EBIT Explanation

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

Zhejiang China Commodities City Group Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=3797.356 * ( 1 - 17.33% )/( (40522.901 + 40497.994)/ 2 )
=3139.2742052/40510.4475
=7.75 %

where

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))
=36021.693 - 3847.18 - ( 991.338 - max(0, 14601.735 - 6253.347+991.338))
=40522.901

Invested Capital(Q: Sep. 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))
=35898.167 - 3419.483 - ( 1793.791 - max(0, 14730.359 - 6711.049+1793.791))
=40497.994

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

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

Zhejiang China Commodities City Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4697.724/( ( (9332.456 + max(-6342.266, 0)) + (8488.1 + max(-6028.392, 0)) )/ 2 )
=4697.724/( ( 9332.456 + 8488.1 )/ 2 )
=4697.724/8910.278
=52.72 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(475.462 + 1897.028 + 2767.913) - (3847.18 + 0 + 7635.489)
=-6342.266

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(577.917 + 995.436 + 3215.652) - (3419.483 + 0 + 7397.914)
=-6028.392

When net working capital is negative, 0 is used.

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

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

Zhejiang China Commodities City Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=3633.337/74433.150
=4.88 %

* 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.


Zhejiang China Commodities City Group Co EBIT Related Terms

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Zhejiang China Commodities City Group Co Business Description

Traded in Other Exchanges
N/A
Address
Futian Road, No. 105, Ocean Business Building, Zhejiang Province, Yiwu, CHN, 322000
Zhejiang China Commodities City Group Co Ltd is engaged in the construction and operation of commodities trading platforms in China. The company's activities include the market network operation, real estate development and sales, hotel services, commodity sales, etc.
Executives
Zhao Di Fang senior management
Zhang Qi Zhen senior management
Xu Hang Directors, senior managers
Wu Xiu Bin senior management
Wei Gang senior management
Wang Dong Directors, senior managers
Zhao Wen Ge Director
Liu Zhen Ting Supervisors
Bao Jiang Qian Director
Jia Jun Hua senior management
Yang Jian Feng senior management
Zhao Jian Jun senior management
Hu Yan Hu senior management
Chen Chun Mei Supervisors
Zhu Min Director

Zhejiang China Commodities City Group Co Headlines

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