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Hebei Yangyuan Zhihui Beverage Co (SHSE:603156) EBIT : ¥1,816 Mil (TTM As of Sep. 2024)


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What is Hebei Yangyuan Zhihui Beverage Co EBIT?

Hebei Yangyuan Zhihui Beverage Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥94 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥1,816 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hebei Yangyuan Zhihui Beverage Co's annualized ROC % for the quarter that ended in Sep. 2024 was 13.60%. Hebei Yangyuan Zhihui Beverage Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 33.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hebei Yangyuan Zhihui Beverage Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.57%.


Hebei Yangyuan Zhihui Beverage Co EBIT Historical Data

The historical data trend for Hebei Yangyuan Zhihui Beverage 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.

Hebei Yangyuan Zhihui Beverage Co EBIT Chart

Hebei Yangyuan Zhihui Beverage 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 2,816.86 1,492.05 2,787.56 1,951.03 1,961.18

Hebei Yangyuan Zhihui Beverage 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 358.18 431.18 1,085.41 205.20 93.75

Competitive Comparison of Hebei Yangyuan Zhihui Beverage Co's EBIT

For the Beverages - Non-Alcoholic subindustry, Hebei Yangyuan Zhihui Beverage 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.


Hebei Yangyuan Zhihui Beverage Co's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Hebei Yangyuan Zhihui Beverage Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hebei Yangyuan Zhihui Beverage Co's EV-to-EBIT falls into.


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Hebei Yangyuan Zhihui Beverage 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 ¥1,816 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.


Hebei Yangyuan Zhihui Beverage Co  (SHSE:603156) EBIT Explanation

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

Hebei Yangyuan Zhihui Beverage 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 )
=1491.588 * ( 1 - 31.45% )/( (8397.027 + 6639.579)/ 2 )
=1022.483574/7518.303
=13.60 %

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))
=12946.256 - 1146.089 - ( 5263.593 - max(0, 3068.523 - 6471.663+5263.593))
=8397.027

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))
=12115.293 - 1581.024 - ( 5011.393 - max(0, 2078.38 - 5973.07+5011.393))
=6639.579

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

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

Hebei Yangyuan Zhihui Beverage 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 )
=375.004/( ( (1102.77 + max(-1723.632, 0)) + (1166.301 + max(-1306.539, 0)) )/ 2 )
=375.004/( ( 1102.77 + 1166.301 )/ 2 )
=375.004/1134.5355
=33.05 %

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)
=(17.666 + 759.352 + 253.905) - (1146.089 + 0 + 1608.466)
=-1723.632

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.783 + 522.739 + 219.319) - (1581.024 + 0 + 497.356)
=-1306.539

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:

Hebei Yangyuan Zhihui Beverage Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=1815.539/23993.724
=7.57 %

* 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.


Hebei Yangyuan Zhihui Beverage Co EBIT Related Terms

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Hebei Yangyuan Zhihui Beverage Co Business Description

Traded in Other Exchanges
N/A
Address
Hebei Hengshui Economic Development Zone, New District, North Road, Hengshui, CHN, 053000
Hebei Yangyuan Zhihui Beverage Co Ltd is engaged in Research and development, production and sales of plant protein beverages mainly using walnut kernels as raw materials.
Executives
Xia Jun Xia Director
Wang Lian Long Supervisors
Li Hong Bing Director
Deng Li Feng Director
Fan Zhao Lin Directors, senior managers
Xing Shu Lan Directors, senior managers
Yao Kui Zhang Director
Huang Xin Kuan Supervisors
Ma Yong Li senior management
Yang Pei Gang Supervisors
Zhu Zhan Bo Supervisors
Li Zhi Bin Director

Hebei Yangyuan Zhihui Beverage Co Headlines

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