Hebei Yichen Industrial Group (HKSE:01596) EBIT : HK$75 Mil (TTM As of Dec. 2023)

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What is Hebei Yichen Industrial Group EBIT?

Hebei Yichen Industrial Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$117 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hebei Yichen Industrial Group's annualized ROC % for the quarter that ended in Dec. 2023 was 5.57%. Hebei Yichen Industrial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.17%.

Hebei Yichen Industrial Group EBIT Historical Data

The historical data trend for Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group EBIT Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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262.66

368.67

367.70

228.47

75.24

Hebei Yichen Industrial Group 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															232.62	107.46	126.10	-41.42	116.66

Competitive Comparison of Hebei Yichen Industrial Group's EBIT

For the Railroads subindustry, Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's EV-to-EBIT falls into.

Hebei Yichen Industrial 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$75 Mil.

Hebei Yichen Industrial Group (HKSE:01596) EBIT Explanation

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

Hebei Yichen Industrial 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 )
=	198.318 * ( 1 - 14.51% )	/	( (2972.52	+	3119.908)	/ 2 )
=	169.5420582	/	3046.214
=	5.57 %

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	))
=	3765.079	-	494.11	-	( 298.449	-	max(0, 986.998	-	2169.527	+	298.449	))
=	2972.52

	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	))
=	3761.716	-	432.451	-	( 209.357	-	max(0, 880.722	-	2131.027	+	209.357	))
=	3119.908

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:

Hebei Yichen Industrial 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 )
=	233.324	/	( ( (934.439 + max(1230.47, 0))	+	(948.15 + max(1330.39, 0)) )	/	2 )
=	233.324	/	( ( 2164.909	+	2278.54 )	/	2 )
=	233.324	/	2221.7245
=	10.50 %

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)
=	(1230.436	+	448.095	+	64.535)	-	(494.11	+	0	+	18.486)
=	1230.47

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1300.359	+	388.621	+	96.565)	-	(432.451	+	0	+	22.704)
=	1330.39

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:

Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	75.242	/	3461.314
	=	2.17 %

Hebei Yichen Industrial Group EBIT Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » EBIT

Comparable Companies

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HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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Guo Zhong Yan	2101 Beneficial owner
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