GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » EBIT

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) EBIT : ¥181.2 Mil (TTM As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is China Machinery Huanyu Certification and Inspection Co EBIT?

China Machinery Huanyu Certification and Inspection Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥34.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥181.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Machinery Huanyu Certification and Inspection Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.32%. China Machinery Huanyu Certification and Inspection Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Machinery Huanyu Certification and Inspection Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.43%.


China Machinery Huanyu Certification and Inspection Co EBIT Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co EBIT Chart

China Machinery Huanyu Certification and Inspection Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
69.27 112.46 131.83 152.54 179.50

China Machinery Huanyu Certification and Inspection Co Quarterly Data
Dec19 Dec20 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 32.41 67.73 41.89 37.48 34.15

Competitive Comparison of China Machinery Huanyu Certification and Inspection Co's EBIT

For the Specialty Business Services subindustry, China Machinery Huanyu Certification and Inspection 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.


China Machinery Huanyu Certification and Inspection Co's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Machinery Huanyu Certification and Inspection Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Machinery Huanyu Certification and Inspection Co's EV-to-EBIT falls into.



China Machinery Huanyu Certification and Inspection 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 ¥181.2 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.


China Machinery Huanyu Certification and Inspection Co  (SZSE:301508) EBIT Explanation

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

China Machinery Huanyu Certification and Inspection 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 )
=133.888 * ( 1 - 19.83% )/( (1718.96 + 1676.851)/ 2 )
=107.3380096/1697.9055
=6.32 %

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))
=3118.6 - 934.223 - ( 1252.126 - max(0, 1079.879 - 1545.296+1252.126))
=1718.96

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))
=2711.493 - 532.291 - ( 817.243 - max(0, 644.552 - 1146.903+817.243))
=1676.851

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

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

China Machinery Huanyu Certification and Inspection 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 )
=136.616/( ( (1071.704 + max(-888.465, 0)) + (1058.007 + max(-400.84, 0)) )/ 2 )
=136.616/( ( 1071.704 + 1058.007 )/ 2 )
=136.616/1064.8555
=12.83 %

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)
=(169.863 + 1.309 + 13.561) - (934.223 + 0 + 138.975)
=-888.465

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(180.942 + 1.254 + 54.77) - (532.291 + 0 + 105.515)
=-400.84

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:

China Machinery Huanyu Certification and Inspection Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=181.247/7467.977
=2.43 %

* 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.


China Machinery Huanyu Certification and Inspection Co EBIT Related Terms

Thank you for viewing the detailed overview of China Machinery Huanyu Certification and Inspection Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609
China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Headlines

No Headlines