Hunan Tianrun Digital Entertainment & Cultural Media Co (SZSE:002113) EBIT : ¥-231.4 Mil (TTM As of Mar. 2023)

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What is Hunan Tianrun Digital Entertainment & Cultural Media Co EBIT?

Hunan Tianrun Digital Entertainment & Cultural Media Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was ¥-18.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ¥-231.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hunan Tianrun Digital Entertainment & Cultural Media Co's annualized ROC % for the quarter that ended in Mar. 2023 was -8.12%. Hunan Tianrun Digital Entertainment & Cultural Media Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -67.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hunan Tianrun Digital Entertainment & Cultural Media Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -42.33%.

Hunan Tianrun Digital Entertainment & Cultural Media Co EBIT Historical Data

The historical data trend for Hunan Tianrun Digital Entertainment & Cultural Media 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.

Hunan Tianrun Digital Entertainment & Cultural Media Co EBIT Chart

Hunan Tianrun Digital Entertainment & Cultural Media Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-248.21

-2,131.98

283.57

-335.45

-231.55

Hunan Tianrun Digital Entertainment & Cultural Media Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															-18.92	-25.84	-19.00	-167.79	-18.76

Competitive Comparison of Hunan Tianrun Digital Entertainment & Cultural Media Co's EBIT

For the Agricultural Inputs subindustry, Hunan Tianrun Digital Entertainment & Cultural Media 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.

Hunan Tianrun Digital Entertainment & Cultural Media Co's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Hunan Tianrun Digital Entertainment & Cultural Media Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hunan Tianrun Digital Entertainment & Cultural Media Co's EV-to-EBIT falls into.

Hunan Tianrun Digital Entertainment & Cultural Media 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-231.4 Mil.

Hunan Tianrun Digital Entertainment & Cultural Media Co (SZSE:002113) EBIT Explanation

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

Hunan Tianrun Digital Entertainment & Cultural Media Co's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-68.184 * ( 1 - 8.33% )	/	( (764.328	+	775.736)	/ 2 )
=	-62.5042728	/	770.032
=	-8.12 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	957.342	-	83.451	-	( 109.563	-	max(0, 89.208	-	299.565	+	109.563	))
=	764.328

	Invested Capital		(Q: Mar. 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	))
=	936.03	-	78.149	-	( 82.145	-	max(0, 84.907	-	286.235	+	82.145	))
=	775.736

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Hunan Tianrun Digital Entertainment & Cultural Media Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-75.02	/	( ( (64.529 + max(37.993, 0))	+	(63.079 + max(56.066, 0)) )	/	2 )
=	-75.02	/	( ( 102.522	+	119.145 )	/	2 )
=	-75.02	/	110.8335
=	-67.69 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(85.791	+	15.771	+	22.975)	-	(83.451	+	0	+	3.093)
=	37.993

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(85.293	+	15.27	+	38.505)	-	(78.149	+	0	+	4.853)
=	56.066

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

Hunan Tianrun Digital Entertainment & Cultural Media Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-231.384	/	546.663
	=	-42.33 %

Hunan Tianrun Digital Entertainment & Cultural Media Co EBIT Related Terms

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Hunan Tianrun Digital Entertainment & Cultural Media Co (SZSE:002113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hunan Tianrun Digital Entertainment & Cultural Media Co Ltd (SZSE:002113) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Jiuhuashan, Yueyang, Hunan, CHN, 414000

Website

http://www.trfz.com

Hunan Tianrun Digital Entertainment & Cultural Media Co Ltd is engaged in production and sale of urea, ammonia, methanol, agricultural ammonium bicarbonate, chemical raw materials, metal materials, building materials and electronic products.

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