United Faith Auto Engineering Co (SZSE:301112) EBIT : ¥-21.6 Mil (TTM As of Jun. 2024)

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What is United Faith Auto Engineering Co EBIT?

United Faith Auto Engineering Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ¥-15.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ¥-21.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Faith Auto Engineering Co's annualized ROC % for the quarter that ended in Jun. 2024 was -1.39%. United Faith Auto Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -13.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Faith Auto Engineering Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -1.44%.

United Faith Auto Engineering Co EBIT Historical Data

The historical data trend for United Faith Auto Engineering 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.

United Faith Auto Engineering Co EBIT Chart

United Faith Auto Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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128.83

100.14

98.87

84.44

45.68

United Faith Auto Engineering Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial															25.26	10.28	-10.18	-6.46	-15.22

Competitive Comparison of United Faith Auto Engineering Co's EBIT

For the Auto Parts subindustry, United Faith Auto Engineering 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.

United Faith Auto Engineering Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, United Faith Auto Engineering Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United Faith Auto Engineering Co's EV-to-EBIT falls into.

United Faith Auto Engineering 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-21.6 Mil.

United Faith Auto Engineering Co (SZSE:301112) EBIT Explanation

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

United Faith Auto Engineering Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-12.768 * ( 1 - 9.33% )	/	( (774.125	+	888.376)	/ 2 )
=	-11.5767456	/	831.2505
=	-1.39 %

where

	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	))
=	1607.107	-	91.526	-	( 741.456	-	max(0, 345.607	-	1279.551	+	741.456	))
=	774.125

	Invested Capital		(Q: Jun. 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	))
=	1645.282	-	120.067	-	( 636.839	-	max(0, 415.348	-	1322.056	+	636.839	))
=	888.376

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

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

United Faith Auto Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-60.896	/	( ( (205.786 + max(186.103, 0))	+	(205.327 + max(287.615, 0)) )	/	2 )
=	-60.896	/	( ( 391.889	+	492.942 )	/	2 )
=	-60.896	/	442.4155
=	-13.76 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(64.068	+	380.125	+	74.452)	-	(91.526	+	0	+	241.016)
=	186.103

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(51.109	+	402.45	+	209.852)	-	(120.067	+	0	+	255.729)
=	287.615

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

United Faith Auto Engineering Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-21.589	/	1494.994
	=	-1.44 %

United Faith Auto Engineering Co EBIT Related Terms

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United Faith Auto Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » United Faith Auto Engineering Co Ltd (SZSE:301112) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

North side of Checheng Avenue, Auto City, Huadu District, Guangdong Province, Guangzhou, CHN, 510800

Website

http://www.uf.com.cn

United Faith Auto Engineering Co Ltd is engaged in the research and development, Design, manufacturing, assembly and sales of automotive intelligence, automated production lines and complete sets of equipment.

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