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CoCreation Grass Co (SHSE:605099) EBIT : ¥520 Mil (TTM As of Sep. 2024)


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What is CoCreation Grass Co EBIT?

CoCreation Grass Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥520 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CoCreation Grass Co's annualized ROC % for the quarter that ended in Sep. 2024 was 24.88%. CoCreation Grass Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 30.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CoCreation Grass Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.30%.


CoCreation Grass Co EBIT Historical Data

The historical data trend for CoCreation Grass 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.

CoCreation Grass Co EBIT Chart

CoCreation Grass Co Annual Data
Trend Dec12 Dec13 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 340.98 446.43 391.53 484.87 477.84

CoCreation Grass 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 142.36 87.79 133.17 178.42 120.57

Competitive Comparison of CoCreation Grass Co's EBIT

For the Leisure subindustry, CoCreation Grass 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.


CoCreation Grass Co's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, CoCreation Grass Co's EV-to-EBIT distribution charts can be found below:

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


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CoCreation Grass 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 ¥520 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.


CoCreation Grass Co  (SHSE:605099) EBIT Explanation

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

CoCreation Grass 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 )
=523.252 * ( 1 - 8.36% )/( (1954.4 + 1900.881)/ 2 )
=479.5081328/1927.6405
=24.88 %

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))
=2950.794 - 247.575 - ( 748.819 - max(0, 399.939 - 2078.006+748.819))
=1954.4

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))
=3091.151 - 255.388 - ( 934.882 - max(0, 417.071 - 2164.795+934.882))
=1900.881

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

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

CoCreation Grass 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 )
=482.296/( ( (594.425 + max(1019.226, 0)) + (642.383 + max(902.375, 0)) )/ 2 )
=482.296/( ( 1613.651 + 1544.758 )/ 2 )
=482.296/1579.2045
=30.54 %

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)
=(717.272 + 538.393 + 58.812) - (247.575 + 0 + 47.676)
=1019.226

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(646.238 + 527.348 + 40.517) - (255.388 + 0 + 56.34)
=902.375

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=519.951/6263.519
=8.30 %

* 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.


CoCreation Grass Co EBIT Related Terms

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CoCreation Grass Co Business Description

Traded in Other Exchanges
N/A
Address
66 Guangzhou East Road, Economic Development Zone, Huaian District, Jiangsu Province, Huaian, CHN, 223001
CoCreation Grass Co Ltd is a manufacturer of artificial grass providing the artificial turf for both athletic and landscape purposes. The company's products include football turf, hockey turf, rugby turf, tennis turf, and multi-sport turf and landscape grass.
Executives
Han Zhi Cheng senior management
Li Lan Ying senior management
Xiao Hui Shu senior management
Chen Guo Qing senior management
Chen Jin Gui senior management
Zhao Chun Gui senior management
Jiang Shi Yi Directors, senior managers

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