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China Mengniu Dairy Co (HKSE:02319) EBIT : HK$8,621 Mil (TTM As of Dec. 2023)


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What is China Mengniu Dairy Co EBIT?

China Mengniu Dairy Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$3,775 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,621 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Mengniu Dairy Co's annualized ROC % for the quarter that ended in Dec. 2023 was 4.57%. China Mengniu Dairy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Mengniu Dairy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.23%.


China Mengniu Dairy Co EBIT Historical Data

The historical data trend for China Mengniu Dairy 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.

* Premium members only.

China Mengniu Dairy Co EBIT Chart

China Mengniu Dairy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,936.84 5,603.59 8,095.25 8,517.87 8,620.58

China Mengniu Dairy Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,562.26 5,469.66 3,307.11 4,845.89 3,774.70

Competitive Comparison of China Mengniu Dairy Co's EBIT

For the Packaged Foods subindustry, China Mengniu Dairy 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.


China Mengniu Dairy Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Mengniu Dairy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Mengniu Dairy Co's EV-to-EBIT falls into.



China Mengniu Dairy 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$8,621 Mil.

* 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.


China Mengniu Dairy Co  (HKSE:02319) EBIT Explanation

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

China Mengniu Dairy Co'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 )
=6986.23 * ( 1 - 29.93% )/( (109456.572 + 104932.207)/ 2 )
=4895.251361/107194.3895
=4.57 %

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))
=135075.046 - 18196.383 - ( 28432.566 - max(0, 37293.478 - 44715.569+28432.566))
=109456.572

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))
=126025.15 - 19414.863 - ( 22942.634 - max(0, 35650.692 - 37328.772+22942.634))
=104932.207

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:

China Mengniu Dairy Co'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 )
=7549.396/( ( (28650.188 + max(-11233.735, 0)) + (27651.929 + max(-14044.714, 0)) )/ 2 )
=7549.396/( ( 28650.188 + 27651.929 )/ 2 )
=7549.396/28151.0585
=26.82 %

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)
=(4953.712 + 7311.339 + 645.47300000001) - (18196.383 + 0 + 5947.876)
=-11233.735

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3891.712 + 6659.418 + 328.227) - (19414.863 + 0 + 5509.208)
=-14044.714

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:

China Mengniu Dairy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=8620.591/84285.639
=10.23 %

* 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.


China Mengniu Dairy Co EBIT Related Terms

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China Mengniu Dairy Co (HKSE:02319) Business Description

Traded in Other Exchanges
Address
262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG
China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.

China Mengniu Dairy Co (HKSE:02319) Headlines

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