Ningbo Peacebird Fashion Co (SHSE:603877) EBIT : ¥556 Mil (TTM As of Mar. 2024)

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What is Ningbo Peacebird Fashion Co EBIT?

Ningbo Peacebird Fashion Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥228 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥556 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Peacebird Fashion Co's annualized ROC % for the quarter that ended in Mar. 2024 was 17.76%. Ningbo Peacebird Fashion Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 38.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo Peacebird Fashion Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.06%.

Ningbo Peacebird Fashion Co EBIT Historical Data

The historical data trend for Ningbo Peacebird Fashion 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.

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Ningbo Peacebird Fashion Co EBIT Chart

Ningbo Peacebird Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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719.01

919.33

1,011.71

328.12

641.48

Ningbo Peacebird Fashion 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															313.58	60.65	-38.71	305.97	228.27

Competitive Comparison of Ningbo Peacebird Fashion Co's EBIT

For the Apparel Retail subindustry, Ningbo Peacebird Fashion 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.

Ningbo Peacebird Fashion Co's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Peacebird Fashion Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo Peacebird Fashion Co's EV-to-EBIT falls into.

Ningbo Peacebird Fashion 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 ¥556 Mil.

Ningbo Peacebird Fashion Co (SHSE:603877) EBIT Explanation

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

Ningbo Peacebird Fashion 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 )
=	953.4 * ( 1 - 26.04% )	/	( (3845.191	+	4094.42)	/ 2 )
=	705.13464	/	3969.8055
=	17.76 %

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	))
=	8083.289	-	1440.82	-	( 2797.278	-	max(0, 2422.321	-	5477.633	+	2797.278	))
=	3845.191

	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	))
=	7660.508	-	923.325	-	( 2642.763	-	max(0, 1838.471	-	5136.581	+	2642.763	))
=	4094.42

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

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

Ningbo Peacebird Fashion 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 )
=	913.076	/	( ( (1801.453 + max(428.551, 0))	+	(1748.286 + max(788.714, 0)) )	/	2 )
=	913.076	/	( ( 2230.004	+	2537 )	/	2 )
=	913.076	/	2383.502
=	38.31 %

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)
=	(486.079	+	1508.629	+	577.867)	-	(1440.82	+	0	+	703.204)
=	428.551

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(430.291	+	1367.625	+	580.79)	-	(923.325	+	0	+	666.667)
=	788.714

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:

Ningbo Peacebird Fashion Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	556.178	/	6136.692
	=	9.06 %

Ningbo Peacebird Fashion Co EBIT Related Terms

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Ningbo Peacebird Fashion Co (SHSE:603877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Peacebird Fashion Co Ltd (SHSE:603877) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 826, South Section of Huancheng West Road, Haishu, Ningbo, Zhejiang, Ningbo, CHN, 315011

Website

http://www.peacebird.com

Ningbo Peacebird Fashion Co Ltd is a retail-oriented multi-brand fashion company. It focuses on providing customers with fashion products of high quality at the competitive price. The main products of the company include women's, men's and children's clothing, and the main brand contains PEACEBIRD, PEACEBIRD, LED'IN, MATERIAL GIRL, AMAZING PEACE, Mini Peace, and among others. It holds more than 4000 stores across 31 provinces, autonomous regions, and municipalities. Geographically, it operates through China, however, its products are distributed in both Chinese and international market.

Executives

Wang Qing Lin	senior management
Wang Ming Feng	Directors, senior managers
Hong Yang Wei	senior management
Weng Jiang Hong	Directors, senior managers
Ou Li Min	senior management
Dai Zhi Yong	Director
Rong Yi Qin	Supervisors
Chen Hong Chao	Director
Zhang Jiang Ping	Director
Zhang Jiang Bo	Director
Shi Chao Qi	senior management
Zhang Ting	senior management
Shen Ya Xin	senior management
Lou Jia Zi	senior management

Ningbo Peacebird Fashion Co (SHSE:603877) Headlines

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