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Hangzhou Freely Communication Co (SHSE:603602) EBIT : ¥70 Mil (TTM As of Mar. 2024)


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What is Hangzhou Freely Communication Co EBIT?

Hangzhou Freely Communication Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou Freely Communication Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.33%. Hangzhou Freely Communication Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou Freely Communication Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.64%.


Hangzhou Freely Communication Co EBIT Historical Data

The historical data trend for Hangzhou Freely Communication 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.

Hangzhou Freely Communication Co EBIT Chart

Hangzhou Freely Communication 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 41.94 10.13 30.21 33.93 50.71

Hangzhou Freely Communication Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -4.20 21.87 22.54 10.50 15.37

Competitive Comparison of Hangzhou Freely Communication Co's EBIT

For the Telecom Services subindustry, Hangzhou Freely Communication 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.


Hangzhou Freely Communication Co's EV-to-EBIT Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Freely Communication Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou Freely Communication Co's EV-to-EBIT falls into.



Hangzhou Freely Communication 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥70 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.


Hangzhou Freely Communication Co  (SHSE:603602) EBIT Explanation

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

Hangzhou Freely Communication Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=65.596 * ( 1 - 19.11% )/( (888.74 + 1103.916)/ 2 )
=53.0606044/996.328
=5.33 %

where

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))
=1691.555 - 524.4 - ( 278.415 - max(0, 580.217 - 1112.416+278.415))
=888.74

Invested Capital(Q: Mar. 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))
=1659.468 - 422.392 - ( 133.16 - max(0, 605.226 - 1060.061+133.16))
=1103.916

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

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

Hangzhou Freely Communication Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.496/( ( (234.428 + max(223.446, 0)) + (232.741 + max(358.046, 0)) )/ 2 )
=61.496/( ( 457.874 + 590.787 )/ 2 )
=61.496/524.3305
=11.73 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(480.603 + 244.841 + 77.398) - (524.4 + 0 + 54.996)
=223.446

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(514.012 + 223.133 + 95.438) - (422.392 + 0 + 52.145)
=358.046

When net working capital is negative, 0 is used.

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

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

Hangzhou Freely Communication Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=70.281/2665.831
=2.64 %

* 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.


Hangzhou Freely Communication Co EBIT Related Terms

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Hangzhou Freely Communication Co (SHSE:603602) Business Description

Traded in Other Exchanges
N/A
Address
No. 459, Momo Road, 24th Floor, Block B, Concentration Center, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310012
Hangzhou Freely Communication Co Ltd is a communication network technology service provider. It is mainly engaged in communication extension network construction, communication network generation and communication network optimization. The company's service portfolio consists of base station installation engineering services, indoor distribution system technical services, integrated access technology services and network generation services.
Executives
Wu Hai Tao Director
Wei Shi Chao Director
Lin Ai Hua Director
Su Wei Feng Director
Zhu Jin Long Director
Pu Shu Director
Jia Li Ming Director
Wu Jian Min Supervisors

Hangzhou Freely Communication Co (SHSE:603602) Headlines

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