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Wuliangye Yibin Co (SZSE:000858) EBIT : ¥43,960 Mil (TTM As of Mar. 2024)


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What is Wuliangye Yibin Co EBIT?

Wuliangye Yibin Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥19,463 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥43,960 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wuliangye Yibin Co's annualized ROC % for the quarter that ended in Mar. 2024 was 176.38%. Wuliangye Yibin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 664.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.37%.


Wuliangye Yibin Co EBIT Historical Data

The historical data trend for Wuliangye Yibin 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.

Wuliangye Yibin Co EBIT Chart

Wuliangye Yibin 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 24,106.01 26,259.36 32,519.54 37,151.52 41,924.30

Wuliangye Yibin 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 17,427.31 6,251.77 7,957.25 10,287.97 19,463.24

Competitive Comparison of Wuliangye Yibin Co's EBIT

For the Beverages - Wineries & Distilleries subindustry, Wuliangye Yibin 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.


Wuliangye Yibin Co's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Wuliangye Yibin Co's EV-to-EBIT distribution charts can be found below:

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



Wuliangye Yibin 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 ¥43,960 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.


Wuliangye Yibin Co  (SZSE:000858) EBIT Explanation

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

Wuliangye Yibin 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 )
=74915.608 * ( 1 - 24.77% )/( (25810.834 + 38096.366)/ 2 )
=56359.0118984/31953.6
=176.38 %

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))
=165432.982 - 25122.997 - ( 115456.301 - max(0, 32683.14 - 147182.291+115456.301))
=25810.834

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))
=180610.176 - 26687.764 - ( 115826.046 - max(0, 32436.445 - 160632.907+115826.046))
=38096.366

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

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

Wuliangye Yibin 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 )
=77852.964/( ( (10940.084 + max(-15068.714, 0)) + (12487.811 + max(-15487.124, 0)) )/ 2 )
=77852.964/( ( 10940.084 + 12487.811 )/ 2 )
=77852.964/11713.9475
=664.62 %

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)
=(42.647 + 17387.842 + 169.42499999999) - (25122.997 + 0 + 7545.631)
=-15068.714

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(166.566 + 16286.46 + 169.98499999999) - (26687.764 + 0 + 5422.371)
=-15487.124

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=43960.233/469102.369
=9.37 %

* 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.


Wuliangye Yibin Co EBIT Related Terms

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Wuliangye Yibin Co (SZSE:000858) Business Description

Traded in Other Exchanges
N/A
Address
No.150, Minjiang West Road, Cuiping District, Sichuan Province, Yibin, CHN, 644007
Wuliangye Yibin is China's second-largest baijiu producer by revenue, with sales of CNY 74 billion in 2022 compared with CNY 124 billion for Moutai. Founded in the 1950s, Wuliangye is located in Yibin, Sichuan province, in southwest China. Its core product, 52-degree Wuliangye, is widely known as the best rice-flavored baijiu in the market. The high-quality products, extensive history and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins.

Wuliangye Yibin Co (SZSE:000858) Headlines

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