GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sichuan Hexie Shuangma Co Ltd (SZSE:000935) » Definitions » EBIT

Sichuan Hexie Shuangma Co (SZSE:000935) EBIT : ¥895 Mil (TTM As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Sichuan Hexie Shuangma Co EBIT?

Sichuan Hexie Shuangma Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥895 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sichuan Hexie Shuangma Co's annualized ROC % for the quarter that ended in Mar. 2024 was 15.85%. Sichuan Hexie Shuangma Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sichuan Hexie Shuangma Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.00%.


Sichuan Hexie Shuangma Co EBIT Historical Data

The historical data trend for Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma Co EBIT Chart

Sichuan Hexie Shuangma 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 828.76 986.48 1,141.11 939.27 1,139.67

Sichuan Hexie Shuangma 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 248.15 281.30 245.88 364.33 3.41

Competitive Comparison of Sichuan Hexie Shuangma Co's EBIT

For the Asset Management subindustry, Sichuan Hexie Shuangma 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.


Sichuan Hexie Shuangma Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sichuan Hexie Shuangma Co's EV-to-EBIT distribution charts can be found below:

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



Sichuan Hexie Shuangma 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 ¥895 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.


Sichuan Hexie Shuangma Co  (SZSE:000935) EBIT Explanation

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

Sichuan Hexie Shuangma 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 )
=403.332 * ( 1 - -166.45% )/( (6727.73 + 6833.804)/ 2 )
=1074.678114/6780.767
=15.85 %

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))
=8194.609 - 325.176 - ( 1282.035 - max(0, 433.68 - 1575.383+1282.035))
=6727.73

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))
=8158.589 - 309.008 - ( 1103.284 - max(0, 406.074 - 1421.851+1103.284))
=6833.804

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

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

Sichuan Hexie Shuangma 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 )
=13.652/( ( (773.989 + max(-293.379, 0)) + (764.128 + max(-247.592, 0)) )/ 2 )
=13.652/( ( 773.989 + 764.128 )/ 2 )
=13.652/769.0585
=1.78 %

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)
=(62.158 + 51.681 + 10.684) - (325.176 + 0 + 92.726)
=-293.379

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.288 + 53.714 + 12.93) - (309.008 + 0 + 82.516)
=-247.592

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=894.93/8947.677
=10.00 %

* 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.


Sichuan Hexie Shuangma Co EBIT Related Terms

Thank you for viewing the detailed overview of Sichuan Hexie Shuangma Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Sichuan Hexie Shuangma Co (SZSE:000935) Business Description

Traded in Other Exchanges
N/A
Address
Erlangmiao Town, Sichuan Province, Jiangyou, CHN, 610000
Sichuan Hexie Shuangma Co Ltd is engaged in industrial investment and equity investment fund management. The company mainly manages assets including building materials manufacturing enterprises and equity investment fund management companies. Its building materials manufacturing enterprise business includes the production and sales of cement products and construction aggregates.
Executives
Feng Tao Executives
Xie Jin Hua Supervisors
Wang Qiao Director
Li Feng Li Supervisors
Zhang Yan Xue Director

Sichuan Hexie Shuangma Co (SZSE:000935) Headlines

No Headlines