Bestore Co (SHSE:603719) EBIT : ¥176 Mil (TTM As of Mar. 2024)

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What is Bestore Co EBIT?

Bestore Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bestore Co's annualized ROC % for the quarter that ended in Mar. 2024 was 9.86%. Bestore Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 29.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bestore Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.92%.

Bestore Co EBIT Historical Data

The historical data trend for Bestore 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.

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Bestore Co EBIT Chart

Bestore Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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482.53

483.54

390.79

450.96

286.85

Bestore 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															205.30	58.58	14.54	8.42	94.75

Competitive Comparison of Bestore Co's EBIT

For the Packaged Foods subindustry, Bestore 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.

Bestore Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bestore Co's EV-to-EBIT distribution charts can be found below:

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

Bestore 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 ¥176 Mil.

Bestore Co (SHSE:603719) EBIT Explanation

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

Bestore 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 )
=	357.756 * ( 1 - 28.85% )	/	( (2760.431	+	2402.452)	/ 2 )
=	254.543394	/	2581.4415
=	9.86 %

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	))
=	5521.461	-	1875.045	-	( 1971.424	-	max(0, 2625.438	-	3511.423	+	1971.424	))
=	2760.431

	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	))
=	4833.028	-	1393.107	-	( 1522.062	-	max(0, 1946.162	-	2983.631	+	1522.062	))
=	2402.452

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

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

Bestore 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 )
=	379	/	( ( (1354.388 + max(-741.349, 0))	+	(1229.935 + max(-376.259, 0)) )	/	2 )
=	379	/	( ( 1354.388	+	1229.935 )	/	2 )
=	379	/	1292.1615
=	29.33 %

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)
=	(381.088	+	641.178	+	387.579)	-	(1875.045	+	0	+	276.149)
=	-741.349

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(425.716	+	382.087	+	522.375)	-	(1393.107	+	0	+	313.33)
=	-376.259

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	176.293	/	4501.973
	=	3.92 %

Bestore Co EBIT Related Terms

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Bestore Co (SHSE:603719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bestore Co Ltd (SHSE:603719) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 8 Zaomaling Innovation Avenue, Dongxihu District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.517lppz.com

Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.

Bestore Co (SHSE:603719) Headlines

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