Changzhou Architectural Research Institute Group Co (SZSE:301115) EBIT : ¥92 Mil (TTM As of Sep. 2024)

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What is Changzhou Architectural Research Institute Group Co EBIT?

Changzhou Architectural Research Institute Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzhou Architectural Research Institute Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 4.98%. Changzhou Architectural Research Institute Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzhou Architectural Research Institute Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.07%.

Changzhou Architectural Research Institute Group Co EBIT Historical Data

The historical data trend for Changzhou Architectural Research Institute 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.

Changzhou Architectural Research Institute Group Co EBIT Chart

Changzhou Architectural Research Institute Group Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

EBIT

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96.29

146.67

189.93

174.98

133.66

Changzhou Architectural Research Institute Group Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															33.13	52.23	7.42	24.69	8.12

Competitive Comparison of Changzhou Architectural Research Institute Group Co's EBIT

For the Engineering & Construction subindustry, Changzhou Architectural Research Institute 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.

Changzhou Architectural Research Institute Group Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Changzhou Architectural Research Institute Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changzhou Architectural Research Institute Group Co's EV-to-EBIT falls into.

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Changzhou Architectural Research Institute 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥92 Mil.

Changzhou Architectural Research Institute Group Co (SZSE:301115) EBIT Explanation

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

Changzhou Architectural Research Institute Group Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	88.052 * ( 1 - -28.03% )	/	( (2235.193	+	2293.94)	/ 2 )
=	112.7329756	/	2264.5665
=	4.98 %

where

	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	))
=	3789.992	-	524.875	-	( 1029.924	-	max(0, 899.547	-	2767.371	+	1029.924	))
=	2235.193

	Invested Capital		(Q: Sep. 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	))
=	3727.689	-	609.542	-	( 824.207	-	max(0, 917.154	-	2668.062	+	824.207	))
=	2293.94

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

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

Changzhou Architectural Research Institute Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	32.492	/	( ( (561.585 + max(770.12, 0))	+	(599.774 + max(836.415, 0)) )	/	2 )
=	32.492	/	( ( 1331.705	+	1436.189 )	/	2 )
=	32.492	/	1383.947
=	2.35 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(994.087	+	39.582	+	402.991)	-	(524.875	+	0	+	141.665)
=	770.12

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1100.2	+	40.593	+	429.816)	-	(609.542	+	0	+	124.652)
=	836.415

When net working capital is negative, 0 is used.

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

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

Changzhou Architectural Research Institute Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	92.462	/	1823.722
	=	5.07 %

Changzhou Architectural Research Institute Group Co EBIT Related Terms

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Changzhou Architectural Research Institute Group Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changzhou Architectural Research Institute Group Co Ltd (SZSE:301115) » Definitions » EBIT

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Address

No. 10, Mushu Road, Jiangsu Province, Changzhou, CHN, 213015

Website

https://www.czjky.com

Changzhou Architectural Research Institute Group Co Ltd is engaged in providing comprehensive services for the life cycle of buildings, and building a green, healthy, energy-saving, environmentally friendly, people-oriented livable environment. Its business covers housing construction, municipal administration, water conservancy, railway, environment, bridge, transportation, rail transit, surveying and mapping and other fields.

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