GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AVIC Industry-Finance Holdings Co Ltd (SHSE:600705) » Definitions » EBIT

AVIC Industry-Finance Holdings Co (SHSE:600705) EBIT : ¥3,254 Mil (TTM As of Sep. 2024)


View and export this data going back to 1996. Start your Free Trial

What is AVIC Industry-Finance Holdings Co EBIT?

AVIC Industry-Finance Holdings Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥2,534 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥3,254 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AVIC Industry-Finance Holdings Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.95%. AVIC Industry-Finance Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 36.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AVIC Industry-Finance Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.47%.


AVIC Industry-Finance Holdings Co EBIT Historical Data

The historical data trend for AVIC Industry-Finance Holdings 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.

AVIC Industry-Finance Holdings Co EBIT Chart

AVIC Industry-Finance Holdings 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 7,826.89 8,394.32 9,064.68 5,011.85 3,741.75

AVIC Industry-Finance Holdings 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 2,374.33 -1,575.57 1,773.25 522.23 2,533.81

Competitive Comparison of AVIC Industry-Finance Holdings Co's EBIT

For the Credit Services subindustry, AVIC Industry-Finance Holdings 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.


AVIC Industry-Finance Holdings Co's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AVIC Industry-Finance Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AVIC Industry-Finance Holdings Co's EV-to-EBIT falls into.


;
;

AVIC Industry-Finance Holdings 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 ¥3,254 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.


AVIC Industry-Finance Holdings Co  (SHSE:600705) EBIT Explanation

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

AVIC Industry-Finance Holdings 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 )
=5625.656 * ( 1 - 23.11% )/( (462444.157 + 452157.823)/ 2 )
=4325.5668984/457300.99
=0.95 %

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))
=449920.913 - 4792.421 - ( 109244.06 - max(0, 274563.583 - 257247.918+109244.06))
=462444.157

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))
=442393.44 - 4654.337 - ( 114060.966 - max(0, 268421.698 - 254002.978+114060.966))
=452157.823

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

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

AVIC Industry-Finance Holdings 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 )
=10135.248/( ( (28165.727 + max(-30472.012, 0)) + (27080.425 + max(-39796.911, 0)) )/ 2 )
=10135.248/( ( 28165.727 + 27080.425 )/ 2 )
=10135.248/27623.076
=36.69 %

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)
=(204.511 + 0 + 146445.296) - (4792.421 + 0 + 172329.398)
=-30472.012

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(161.804 + 0 + 137595.618) - (4654.337 + 0 + 172899.996)
=-39796.911

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:

AVIC Industry-Finance Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=3253.719/131922.835
=2.47 %

* 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.


AVIC Industry-Finance Holdings Co EBIT Related Terms

Thank you for viewing the detailed overview of AVIC Industry-Finance Holdings Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


AVIC Industry-Finance Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
AVIC Capital Building, Building 2, Wangjing East Park 4th District, Chaoyang District, Beijing, CHN, 100103
AVIC Industry-Finance Holdings Co Ltd is a China-based financial services company. The company is engaged in aviation finance, leasing, investment banking and other financial products.
Executives
Zheng Qiang Director
Zhang Yu An senior management
Meng Xiang Tai Director
Chen Jie Director
Wang Xiao Feng Director
Guo Bai Chun senior management
Liu Ji Peng Director
Wen Guan Yin Supervisors
Liu Zhi Wei senior management
Yang Sheng Jun senior management
Liu Hong senior management
Yu Hong Bo Supervisors

AVIC Industry-Finance Holdings Co Headlines

No Headlines