JD.com (JD.com) EBIT : $4,840 Mil (TTM As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is JD.com EBIT?

JD.com's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $593 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $4,840 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JD.com's annualized ROC % for the quarter that ended in Dec. 2023 was 5.88%. JD.com's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JD.com's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.60%.

JD.com EBIT Historical Data

The historical data trend for JD.com'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.

JD.com EBIT Chart

JD.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

2,055.69

7,943.36

-214.62

2,291.12

4,836.14

JD.com Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															647.48	1,218.71	1,450.55	1,577.44	592.84

Competitive Comparison of JD.com's EBIT

For the Internet Retail subindustry, JD.com'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.

JD.com's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's EV-to-EBIT distribution charts can be found below:

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

JD.com 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,840 Mil.

JD.com (NAS:JD) EBIT Explanation

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

JD.com's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	5012.744 * ( 1 - 42.17% )	/	( (43431.946	+	55162.74)	/ 2 )
=	2898.8698552	/	49297.343
=	5.88 %

where

	Invested Capital		(Q: Sep. 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	))
=	84598.72	-	28126.036	-	( 33208.594	-	max(0, 35960.756	-	49001.494	+	33208.594	))
=	43431.946

	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	))
=	88086.888	-	27019.551	-	( 26630.346	-	max(0, 37204.84	-	43109.437	+	26630.346	))
=	55162.74

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

JD.com's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2371.364	/	( ( (13589.252 + max(-17810.328, 0))	+	(14119.773 + max(-19230.693, 0)) )	/	2 )
=	2371.364	/	( ( 13589.252	+	14119.773 )	/	2 )
=	2371.364	/	13854.5125
=	17.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2837.118	+	8857.068	+	3464.011)	-	(28126.036	+	4842.489	+	0)
=	-17810.328

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2843.338	+	9531.666	+	3808.017)	-	(27019.551	+	4722.837	+	3671.326)
=	-19230.693

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

JD.com's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	4839.544	/	38417.179
	=	12.60 %

JD.com EBIT Related Terms

Thank you for viewing the detailed overview of JD.com's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

JD.com (JD.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD.com Inc (NAS:JD) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JDCMF:USA JD:Mexico 09618:Hong Kong 0JOQ:UK 013C:Germany 013C:Germany 013A:Germany 013A:Germany 013A:Germany JDCO34:Brazil JD:Austria JD:Argentina

Address

No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111

Website

https://www.jd.com

JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.