Guizhou Aviation Technical Development Co (SHSE:688239) EBIT : ¥256 Mil (TTM As of Mar. 2024)

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What is Guizhou Aviation Technical Development Co EBIT?

Guizhou Aviation Technical Development Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥256 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guizhou Aviation Technical Development Co's annualized ROC % for the quarter that ended in Mar. 2024 was 12.58%. Guizhou Aviation Technical Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guizhou Aviation Technical Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.52%.

Guizhou Aviation Technical Development Co EBIT Historical Data

The historical data trend for Guizhou Aviation Technical Development 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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Guizhou Aviation Technical Development Co EBIT Chart

Guizhou Aviation Technical Development Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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75.71

100.69

169.07

227.15

244.31

Guizhou Aviation Technical Development Co Quarterly Data
	Mar19	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															67.25	81.25	63.22	32.58	79.12

Competitive Comparison of Guizhou Aviation Technical Development Co's EBIT

For the Aerospace & Defense subindustry, Guizhou Aviation Technical Development 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.

Guizhou Aviation Technical Development Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Guizhou Aviation Technical Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guizhou Aviation Technical Development Co's EV-to-EBIT falls into.

Guizhou Aviation Technical Development 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 ¥256 Mil.

Guizhou Aviation Technical Development Co (SHSE:688239) EBIT Explanation

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

Guizhou Aviation Technical Development 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 )
=	381.064 * ( 1 - 22.58% )	/	( (2256.576	+	2435.338)	/ 2 )
=	295.0197488	/	2345.957
=	12.58 %

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	))
=	3408.826	-	830.001	-	( 322.249	-	max(0, 1264.811	-	2238.753	+	322.249	))
=	2256.576

	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	))
=	3451.548	-	759.289	-	( 256.921	-	max(0, 1184.499	-	2275.189	+	256.921	))
=	2435.338

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

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

Guizhou Aviation Technical Development 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 )
=	316.484	/	( ( (907.104 + max(940.597, 0))	+	(898.264 + max(1108.514, 0)) )	/	2 )
=	316.484	/	( ( 1847.701	+	2006.778 )	/	2 )
=	316.484	/	1927.2395
=	16.42 %

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)
=	(870.132	+	874.998	+	40.099)	-	(830.001	+	0	+	14.631)
=	940.597

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1124.495	+	728.311	+	36.04)	-	(759.289	+	0	+	21.043)
=	1108.514

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:

Guizhou Aviation Technical Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	256.175	/	5668.492
	=	4.52 %

Guizhou Aviation Technical Development Co EBIT Related Terms

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Guizhou Aviation Technical Development Co (SHSE:688239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guizhou Aviation Technical Development Co Ltd (SHSE:688239) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangbashan Road, Jinyang Science and Technology Industrial Park, Guiyang National High-tech Industrial Development, Guizhou Province, Guiyang, CHN, 550081

Website

http://www.gzhykj.net

Guizhou Aviation Technical Development Co Ltd is engaged in the research and development, production and sales of annular forgings of difficult-to-deform aerospace metal materials. Its products are mainly used in domestic aircraft engines, gas turbines, space launch vehicles, missiles and other high-end equipment fields.

Executives

Yang Jia Dian	Core technical personnel
Wang Hua Dong	Senior management, core technical personnel
Liu Chao Hui	Directors, senior managers
Song Jie	Supervisors

Guizhou Aviation Technical Development Co (SHSE:688239) Headlines

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