Yadea Group Holdings (HKSE:01585) EBIT : HK$3,352 Mil (TTM As of Dec. 2023)

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What is Yadea Group Holdings EBIT?

Yadea Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$1,758 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,352 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yadea Group Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 27.57%. Yadea Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 72.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yadea Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.06%.

Yadea Group Holdings EBIT Historical Data

The historical data trend for Yadea Group Holdings'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.

Yadea Group Holdings EBIT Chart

Yadea Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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670.36

1,412.24

1,863.97

2,986.84

3,351.55

Yadea Group Holdings Semi-Annual Data
	Dec13	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															983.46	1,304.31	1,744.27	1,594.02	1,757.53

Competitive Comparison of Yadea Group Holdings's EBIT

For the Auto Manufacturers subindustry, Yadea Group Holdings'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.

Yadea Group Holdings's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Yadea Group Holdings's EV-to-EBIT falls into.

Yadea Group Holdings 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$3,352 Mil.

Yadea Group Holdings (HKSE:01585) EBIT Explanation

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

Yadea Group Holdings'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 )
=	3047.226 * ( 1 - 8.29% )	/	( (9647.047	+	10628.099)	/ 2 )
=	2794.6109646	/	10137.573
=	27.57 %

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	))
=	27989.75	-	18718.638	-	( 13101.127	-	max(0, 19396.185	-	19020.25	+	13101.127	))
=	9647.047

	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	))
=	28066.473	-	16951.026	-	( 12588.002	-	max(0, 17933.916	-	18421.264	+	12588.002	))
=	10628.099

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:

Yadea Group Holdings'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 )
=	3515.068	/	( ( (5049.234 + max(-13961.247, 0))	+	(4590.183 + max(-12028.412, 0)) )	/	2 )
=	3515.068	/	( ( 5049.234	+	4590.183 )	/	2 )
=	3515.068	/	4819.7085
=	72.93 %

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)
=	(800.643	+	1238.43	+	3011.314)	-	(18718.638	+	0	+	292.996)
=	-13961.247

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(597.139	+	1045.038	+	3912.308)	-	(16951.026	+	0	+	631.871)
=	-12028.412

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:

Yadea Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3351.552	/	25671.098
	=	13.06 %

Yadea Group Holdings EBIT Related Terms

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Yadea Group Holdings (HKSE:01585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yadea Group Holdings Ltd (HKSE:01585) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xishan Road, Dacheng Industrial Zone, Anzhen Town, Xishan District, Jiangsu Province, Wuxi, CHN

Website

https://www.yadea.com.cn

Yadea Group Holdings Ltd is an investment holding company. The company and its subsidiaries manufacture and sell electric, two-wheeled vehicles in the People's Republic of China. It is focused on designing, researching, developing, manufacturing and selling electric scooters, electric bicycles, batteries and chargers, and related accessories. The electric two-wheeled vehicles and related accessories segment is mainly engaged in the development, manufacture and sales of electric two-wheeled vehicles and related accessories and the batteries segment is mainly engaged in the production and sales of batteries of the newly acquired Huayu.

Executives

Dai Wei Investment Company Limited	2401 A concert party to an agreement to buy shares
Fang Yuan Investment Company Limited	2101 Beneficial owner
Dong Jinggui	2401 A concert party to an agreement to buy shares
Qian Jinghong	2201 Interest of corporation controlled by you

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