AviChina Industry & Technology Co (STU:AVT) EBIT : €880 Mil (TTM As of Jun. 2024)

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What is AviChina Industry & Technology Co EBIT?

AviChina Industry & Technology Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €498 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €880 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AviChina Industry & Technology Co's annualized ROC % for the quarter that ended in Jun. 2024 was 6.76%. AviChina Industry & Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AviChina Industry & Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.39%.

AviChina Industry & Technology Co EBIT Historical Data

The historical data trend for AviChina Industry & Technology 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.

AviChina Industry & Technology Co EBIT Chart

AviChina Industry & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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484.88

601.61

793.67

916.83

960.68

AviChina Industry & Technology Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															529.11	409.78	580.90	381.84	498.22

Competitive Comparison of AviChina Industry & Technology Co's EBIT

For the Aerospace & Defense subindustry, AviChina Industry & Technology 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.

AviChina Industry & Technology Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AviChina Industry & Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AviChina Industry & Technology Co's EV-to-EBIT falls into.

AviChina Industry & Technology 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €880 Mil.

AviChina Industry & Technology Co (STU:AVT) EBIT Explanation

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

AviChina Industry & Technology Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	970.234 * ( 1 - 9.1% )	/	( (12466.993	+	13631.125)	/ 2 )
=	881.942706	/	13049.059
=	6.76 %

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	))
=	23761.475	-	6098.665	-	( 5195.817	-	max(0, 10985.24	-	18585.904	+	5195.817	))
=	12466.993

	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	))
=	23770.495	-	6256.826	-	( 3882.544	-	max(0, 11104.422	-	18475.11	+	3882.544	))
=	13631.125

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

AviChina Industry & Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	996.444	/	( ( (3548.725 + max(2492.493, 0))	+	(3562.209 + max(3715.21, 0)) )	/	2 )
=	996.444	/	( ( 6041.218	+	7277.419 )	/	2 )
=	996.444	/	6659.3185
=	14.96 %

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)
=	(4897.774	+	5152.65	+	1009.947)	-	(6098.665	+	0	+	2469.213)
=	2492.493

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5891.52	+	5689.401	+	912.409)	-	(6256.826	+	0	+	2521.294)
=	3715.21

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

AviChina Industry & Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	880.062	/	10486.290
	=	8.39 %

AviChina Industry & Technology Co EBIT Related Terms

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AviChina Industry & Technology Co Business Description

Industry

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02357:Hong Kong

Address

No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029

Website

https://www.avichina.com

AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales, and upgrade of civil aviation products and defense products such as the provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business which generates key revenue; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. AviChina mainly conducts its business in China.