Grand Baoxin Auto Group (HKSE:01293) EBIT : HK$833 Mil (TTM As of Dec. 2023)

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What is Grand Baoxin Auto Group EBIT?

Grand Baoxin Auto Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$-21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$833 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grand Baoxin Auto Group's annualized ROC % for the quarter that ended in Dec. 2023 was -3.80%. Grand Baoxin Auto Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grand Baoxin Auto Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.25%.

Grand Baoxin Auto Group EBIT Historical Data

The historical data trend for Grand Baoxin Auto Group'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.

Grand Baoxin Auto Group EBIT Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,957.43

1,203.21

1,845.39

-59.58

832.97

Grand Baoxin Auto Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															746.79	1,275.88	-1,275.07	853.86	-20.89

Competitive Comparison of Grand Baoxin Auto Group's EBIT

For the Auto & Truck Dealerships subindustry, Grand Baoxin Auto Group'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.

Grand Baoxin Auto Group's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Grand Baoxin Auto Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grand Baoxin Auto Group's EV-to-EBIT falls into.

Grand Baoxin Auto Group 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 semi-annually data reported by the company within the most recent 12 months, which was HK$833 Mil.

Grand Baoxin Auto Group (HKSE:01293) EBIT Explanation

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

Grand Baoxin Auto Group'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1037.486 * ( 1 - 17.95% )	/	( (21980.233	+	22790.161)	/ 2 )
=	-851.257263	/	22385.197
=	-3.80 %

where

	Invested Capital		(Q: Jun. 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	))
=	25015.035	-	2449.815	-	( 584.987	-	max(0, 12405.23	-	15906.425	+	584.987	))
=	21980.233

	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	))
=	25258.55	-	2113.698	-	( 354.691	-	max(0, 12513.902	-	16519.944	+	354.691	))
=	22790.161

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Grand Baoxin Auto Group'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-41.774	/	( ( (5296.782 + max(3577.754, 0))	+	(5039.558 + max(3577.339, 0)) )	/	2 )
=	-41.774	/	( ( 8874.536	+	8616.897 )	/	2 )
=	-41.774	/	8745.7165
=	-0.48 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(564.906	+	3789.191	+	1673.471)	-	(2449.815	+	0	+	-0.0010000000002037)
=	3577.754

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(835.778	+	3913.16	+	1631.794)	-	(2113.698	+	0	+	689.695)
=	3577.339

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Grand Baoxin Auto Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	832.975	/	11491.382
	=	7.25 %

Grand Baoxin Auto Group EBIT Related Terms

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Grand Baoxin Auto Group (HKSE:01293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (HKSE:01293) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GBXXY:USA

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

Executives

Sun Guangxin	2201 Interest of corporation controlled by you
Xin Jiang Guang Hui Shi Ye Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Hui Qi Che Fu Wu You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si	2201 Interest of corporation controlled by you
Shang Hai Hui Yong Qi Che Xiao Shou You Xian Gong Si	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
M Asia Holding Limited	2201 Interest of corporation controlled by you
Yang Chu Yu	2307 Founder of a discretionary trust who can infl
Extensive Success Holding Limited	2201 Interest of corporation controlled by you
Yang Aihua	2307 Founder of a discretionary trust who can infl
Baoxin Investment Management Ltd.	2101 Beneficial owner

Grand Baoxin Auto Group (HKSE:01293) Headlines

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