Avcon Information Technology Co (SZSE:300074) EBIT : ¥-0.1 Mil (TTM As of Mar. 2024)

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What is Avcon Information Technology Co EBIT?

Avcon Information Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-36.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-0.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avcon Information Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -10.14%. Avcon Information Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -25.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avcon Information Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.00%.

Avcon Information Technology Co EBIT Historical Data

The historical data trend for Avcon Information 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.

Avcon Information Technology Co EBIT Chart

Avcon Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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18.30

25.42

17.52

-110.10

36.69

Avcon Information Technology 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															0.21	-8.97	3.61	41.85	-36.54

Competitive Comparison of Avcon Information Technology Co's EBIT

For the Communication Equipment subindustry, Avcon Information 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.

Avcon Information Technology Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Avcon Information Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Avcon Information Technology Co's EV-to-EBIT falls into.

Avcon Information 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-0.1 Mil.

Avcon Information Technology Co (SZSE:300074) EBIT Explanation

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

Avcon Information Technology 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 )
=	-123.28 * ( 1 - 11.46% )	/	( (1045.346	+	1107.73)	/ 2 )
=	-109.152112	/	1076.538
=	-10.14 %

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	))
=	1633.953	-	262.615	-	( 325.992	-	max(0, 494.644	-	951.216	+	325.992	))
=	1045.346

	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	))
=	1534.115	-	207.402	-	( 218.983	-	max(0, 437.227	-	843.86	+	218.983	))
=	1107.73

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

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

Avcon Information Technology 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 )
=	-146.16	/	( ( (297.325 + max(248.492, 0))	+	(310.407 + max(302.164, 0)) )	/	2 )
=	-146.16	/	( ( 545.817	+	612.571 )	/	2 )
=	-146.16	/	579.194
=	-25.24 %

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)
=	(533.918	+	30.578	+	43.047)	-	(262.615	+	0	+	96.436)
=	248.492

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(514.592	+	30.806	+	58.665)	-	(207.402	+	0	+	94.497)
=	302.164

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:

Avcon Information Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.054000000000002	/	1793.918
	=	-0.00 %

Avcon Information Technology Co EBIT Related Terms

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Avcon Information Technology Co (SZSE:300074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avcon Information Technology Co Ltd (SZSE:300074) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 69, Lane 1688, North Guoquan Road, Building A6, Wangu Science and Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.avcon.com.cn

Avcon Information Technology Co Ltd designs and sells audio and video communication products and image intelligent integrated applications. It provides users with visual application solutions such as video conferencing, emergency command, smart cities security monitoring, safe cities, intelligent transportation, online education, and video call centers.

Executives

Li Hui	Secretary, Director
Tian Tian	Supervisors
Cheng Lin Fang	Executives
Fang Yong Xin	Director
Guo Feng	Directors, executives
Chen Zhuang	Independent director
Tang Xiao Yun	Secretary Dong
Wu Biao	Executives
Huang Qiao Lian	Securities Affairs Representative
Xi Feng Wei	Directors, executives
Liu Xiao Lu	Director
Liu Yan	Director
Zhou Xiao Chuan	Supervisors
Liu Xiao Dan	Director
Li Ji Chun	Supervisors

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