GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guangzhou Hangxin Aviation Technology Co Ltd (SZSE:300424) » Definitions » EBIT

Guangzhou Hangxin Aviation Technology Co (SZSE:300424) EBIT : ¥97 Mil (TTM As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Guangzhou Hangxin Aviation Technology Co EBIT?

Guangzhou Hangxin Aviation Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangzhou Hangxin Aviation Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.34%. Guangzhou Hangxin Aviation Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangzhou Hangxin Aviation Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.09%.


Guangzhou Hangxin Aviation Technology Co EBIT Historical Data

The historical data trend for Guangzhou Hangxin Aviation 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.

Guangzhou Hangxin Aviation Technology Co EBIT Chart

Guangzhou Hangxin Aviation Technology 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 105.12 -346.35 60.52 64.28 75.02

Guangzhou Hangxin Aviation 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 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 10.38 18.15 16.14 30.34 32.33

Competitive Comparison of Guangzhou Hangxin Aviation Technology Co's EBIT

For the Aerospace & Defense subindustry, Guangzhou Hangxin Aviation 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.


Guangzhou Hangxin Aviation Technology Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Guangzhou Hangxin Aviation Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangzhou Hangxin Aviation Technology Co's EV-to-EBIT falls into.



Guangzhou Hangxin Aviation 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 ¥97 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.


Guangzhou Hangxin Aviation Technology Co  (SZSE:300424) EBIT Explanation

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

Guangzhou Hangxin Aviation 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 )
=95.044 * ( 1 - 7.72% )/( (1597.524 + 1688.647)/ 2 )
=87.7066032/1643.0855
=5.34 %

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))
=2490.765 - 528.009 - ( 365.232 - max(0, 1095.215 - 1652.58+365.232))
=1597.524

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))
=2436.586 - 457.918 - ( 290.021 - max(0, 1079.04 - 1617.102+290.021))
=1688.647

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

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

Guangzhou Hangxin Aviation 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 )
=129.316/( ( (505.605 + max(610.413, 0)) + (497.603 + max(692.214, 0)) )/ 2 )
=129.316/( ( 1116.018 + 1189.817 )/ 2 )
=129.316/1152.9175
=11.22 %

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)
=(692.776 + 483.081 + 80.404) - (528.009 + 0 + 117.839)
=610.413

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(643.248 + 582.705 + 76.182) - (457.918 + 0 + 152.003)
=692.214

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:

Guangzhou Hangxin Aviation Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=96.964/4642.811
=2.09 %

* 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.


Guangzhou Hangxin Aviation Technology Co EBIT Related Terms

Thank you for viewing the detailed overview of Guangzhou Hangxin Aviation Technology Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Guangzhou Hangxin Aviation Technology Co (SZSE:300424) Business Description

Traded in Other Exchanges
N/A
Address
No.1,Guangbao Road, Science City,Economic and Technological Development Zone, Guangzhou, CHN, 510663
Guangzhou Hangxin Aviation Technology Co Ltd provides aviation maintenance support, automatic test equipment development and system integration, retrofit aircraft, and airborne equipment development. Its main business is divided into two major sectors: equipment development and support, aviation maintenance and service. The equipment development and support section includes the development of airborne equipment and the development of testing equipment. Aircraft plus modification business, aviation maintenance and service segment includes aircraft department attachment maintenance and aviation service business.

Guangzhou Hangxin Aviation Technology Co (SZSE:300424) Headlines

No Headlines