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GI Technologies Group Co (SZSE:300309) EBIT : ¥-873.18 Mil (TTM As of Mar. 2023)


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What is GI Technologies Group Co EBIT?

GI Technologies Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was ¥-79.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ¥-873.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GI Technologies Group Co's annualized ROC % for the quarter that ended in Mar. 2023 was -11.14%. GI Technologies Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -165.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GI Technologies Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -114.80%.


GI Technologies Group Co EBIT Historical Data

The historical data trend for GI Technologies Group 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.

GI Technologies Group Co EBIT Chart

GI Technologies Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 270.72 -1,213.54 -580.58 -890.49 -894.86

GI Technologies Group 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 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 -100.89 -97.72 -113.03 -583.22 -79.22

Competitive Comparison of GI Technologies Group Co's EBIT

For the Oil & Gas Equipment & Services subindustry, GI Technologies Group 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.


GI Technologies Group Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GI Technologies Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GI Technologies Group Co's EV-to-EBIT falls into.



GI Technologies Group 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 ¥-873.18 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.


GI Technologies Group Co  (SZSE:300309) EBIT Explanation

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

GI Technologies Group 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 )
=-223.56 * ( 1 - 0% )/( (2028.129 + 1986.285)/ 2 )
=-223.56/2007.207
=-11.14 %

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))
=1325.869 - 671.373 - ( 218.261 - max(0, 1919.229 - 545.596+218.261))
=2028.129

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))
=1257.025 - 681.563 - ( 218.524 - max(0, 1895.009 - 484.186+218.524))
=1986.285

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

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

GI Technologies Group 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 )
=-316.88/( ( (195.683 + max(-824.61, 0)) + (188.265 + max(-911.573, 0)) )/ 2 )
=-316.88/( ( 195.683 + 188.265 )/ 2 )
=-316.88/191.974
=-165.06 %

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)
=(0.017 + 4.077 + 305.683) - (671.373 + 0 + 463.014)
=-824.61

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.017 + 4.035 + 241.232) - (681.563 + 0 + 475.294)
=-911.573

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:

GI Technologies Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=-873.184/760.611
=-114.80 %

* 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.


GI Technologies Group Co EBIT Related Terms

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GI Technologies Group Co (SZSE:300309) Business Description

Traded in Other Exchanges
N/A
Address
Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN
GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.
Executives
Yao Qing Directors, executives
Xu Bo Director
Huang Wen Zhi Director
Gao Huai Xue Secretary Dong
Fu Da Peng Supervisors
Feng Yu Ping Executives
Li Xin Min Executives
Chen Gang Independent director
Zhang Feng Supervisors
He Nian Supervisors

GI Technologies Group Co (SZSE:300309) Headlines

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