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CITIC Envirotech (TPE:911610) EBIT : NT$2,451 Mil (TTM As of Sep. 2019)


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What is CITIC Envirotech EBIT?

CITIC Envirotech's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2019 was NT$498 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2019 was NT$2,451 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CITIC Envirotech's annualized ROC % for the quarter that ended in Sep. 2019 was -4.35%. CITIC Envirotech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was 19.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CITIC Envirotech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was 4.54%.


CITIC Envirotech EBIT Historical Data

The historical data trend for CITIC Envirotech'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.

CITIC Envirotech EBIT Chart

CITIC Envirotech Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,171.22 2,485.47 3,809.62 3,268.16 4,546.26

CITIC Envirotech Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 1,082.65 361.10 574.28 1,017.11 498.32

Competitive Comparison of CITIC Envirotech's EBIT

For the Pollution & Treatment Controls subindustry, CITIC Envirotech'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.


CITIC Envirotech's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CITIC Envirotech's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CITIC Envirotech's EV-to-EBIT falls into.



CITIC Envirotech 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,451 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.


CITIC Envirotech  (TPE:911610) EBIT Explanation

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

CITIC Envirotech's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

ROC % (Q: Sep. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2019 ) + Invested Capital (Q: Sep. 2019 ))/ count )
=3758.144 * ( 1 - 180.77% )/( (70921.404 + 68695.241)/ 2 )
=-3035.4529088/69808.3225
=-4.35 %

where

Invested Capital(Q: Jun. 2019 )
=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))
=94809.505 - 20437.963 - ( 12866.07 - max(0, 25817.478 - 29267.616+12866.07))
=70921.404

Invested Capital(Q: Sep. 2019 )
=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))
=93821.712 - 18160.082 - ( 11732.19 - max(0, 21961.785 - 28928.174+11732.19))
=68695.241

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) data.

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

CITIC Envirotech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2019  Q: Sep. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1993.276/( ( (8857.242 + max(-4071.839, 0)) + (11206.267 + max(-975.095, 0)) )/ 2 )
=1993.276/( ( 8857.242 + 11206.267 )/ 2 )
=1993.276/10031.7545
=19.87 %

where Working Capital is:

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5980.473 + 644.305 + 9776.768) - (20437.963 + 0 + 35.421999999999)
=-4071.839

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5607.809 + 826.708 + 10761.467) - (18160.082 + 0 + 10.996999999999)
=-975.095

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

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

CITIC Envirotech's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2019 )
=2450.808/54012.009
=4.54 %

* 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.


CITIC Envirotech EBIT Related Terms

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CITIC Envirotech (TPE:911610) Business Description

Traded in Other Exchanges
N/A
Address
10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684
CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

CITIC Envirotech (TPE:911610) Headlines

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