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Gome Telecom Equipment Co (SHSE:600898) EBIT : ¥-93.05 Mil (TTM As of Sep. 2024)


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What is Gome Telecom Equipment Co EBIT?

Gome Telecom Equipment Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-8.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-93.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gome Telecom Equipment Co's annualized ROC % for the quarter that ended in Sep. 2024 was -10.77%. Gome Telecom Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -32.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gome Telecom Equipment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -14.63%.


Gome Telecom Equipment Co EBIT Historical Data

The historical data trend for Gome Telecom Equipment 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.

Gome Telecom Equipment Co EBIT Chart

Gome Telecom Equipment 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 -845.48 -113.82 -37.78 -81.08 -114.25

Gome Telecom Equipment 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 -15.97 -62.76 -11.11 -10.44 -8.73

Competitive Comparison of Gome Telecom Equipment Co's EBIT

For the Consumer Electronics subindustry, Gome Telecom Equipment 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.


Gome Telecom Equipment Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gome Telecom Equipment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gome Telecom Equipment Co's EV-to-EBIT falls into.



Gome Telecom Equipment 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 ¥-93.05 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.


Gome Telecom Equipment Co  (SHSE:600898) EBIT Explanation

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

Gome Telecom Equipment 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 )
=-28.024 * ( 1 - 0% )/( (262.308 + 257.977)/ 2 )
=-28.024/260.1425
=-10.77 %

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))
=239.021 - 145.422 - ( 14.207 - max(0, 226.842 - 58.133+14.207))
=262.308

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

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

Gome Telecom Equipment 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 )
=-34.932/( ( (109.591 + max(-112.702, 0)) + (106.887 + max(-116.439, 0)) )/ 2 )
=-34.932/( ( 109.591 + 106.887 )/ 2 )
=-34.932/108.239
=-32.27 %

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)
=(8.865 + 8.185 + 16.667) - (145.422 + 0 + 0.99700000000001)
=-112.702

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.761 + 12.87 + 28.548) - (167.29 + 0 + 1.328)
=-116.439

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:

Gome Telecom Equipment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-93.045/636.190
=-14.63 %

* 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.


Gome Telecom Equipment Co EBIT Related Terms

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Gome Telecom Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 12 Baotuquan North Road, Lixia District, Shandong Province, Jinan, CHN, 250011
Gome Telecom Equipment Co is a China-based company. Its main business activities include the development, production, and sales of intelligent mobile terminals, communications, and other electronic equipment manufacturing. Products offered by the company include private-label mobile phones, original design manufacturer (ODM) mobile communication devices and ODM mobile communication motherboards. The company also design, produce and sell mobile phones under its brand Gome mobile phones.
Executives
Sha Xiang senior management

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