Jinchuan Group International Resources Co (HKSE:02362) EBIT : HK$313 Mil (TTM As of Dec. 2023)

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What is Jinchuan Group International Resources Co EBIT?

Jinchuan Group International Resources Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$327 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jinchuan Group International Resources Co's annualized ROC % for the quarter that ended in Dec. 2023 was -0.04%. Jinchuan Group International Resources Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jinchuan Group International Resources Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.55%.

Jinchuan Group International Resources Co EBIT Historical Data

The historical data trend for Jinchuan Group International Resources 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.

Jinchuan Group International Resources Co EBIT Chart

Jinchuan Group International Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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191.03

607.18

2,248.26

543.20

312.62

Jinchuan Group International Resources 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															1,360.74	825.89	-276.09	-14.68	327.25

Competitive Comparison of Jinchuan Group International Resources Co's EBIT

For the Copper subindustry, Jinchuan Group International Resources 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.

Jinchuan Group International Resources Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jinchuan Group International Resources Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jinchuan Group International Resources Co's EV-to-EBIT falls into.

Jinchuan Group International Resources 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$313 Mil.

Jinchuan Group International Resources Co (HKSE:02362) EBIT Explanation

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

Jinchuan Group International Resources 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 )
=	320.436 * ( 1 - 101.89% )	/	( (14922.272	+	15580.113)	/ 2 )
=	-6.0562404	/	15251.1925
=	-0.04 %

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	))
=	17031.127	-	1565.018	-	( 1032.46	-	max(0, 2543.681	-	3087.518	+	1032.46	))
=	14922.272

	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	))
=	16950.249	-	1234.69	-	( 686.216	-	max(0, 1977.972	-	2113.418	+	686.216	))
=	15580.113

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:

Jinchuan Group International Resources 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 )
=	654.508	/	( ( (12082.332 + max(22.801, 0))	+	(13206.52 + max(-52.849, 0)) )	/	2 )
=	654.508	/	( ( 12105.133	+	13206.52 )	/	2 )
=	654.508	/	12655.8265
=	5.17 %

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)
=	(578.397	+	1136.56	+	254.643)	-	(1565.018	+	0	+	381.781)
=	22.801

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(340.499	+	899.267	+	129.838)	-	(1234.69	+	0	+	187.763)
=	-52.849

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:

Jinchuan Group International Resources Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	312.575	/	12255.517
	=	2.55 %

Jinchuan Group International Resources Co EBIT Related Terms

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Jinchuan Group International Resources Co (HKSE:02362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinchuan Group International Resources Co Ltd (HKSE:02362) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JGRRF:USA GDZD:Germany

Address

95 Queensway, Unit 3101, 31st Floor, United Centre, Hong Kong, HKG

Website

http://www.jinchuan-intl.com

Jinchuan Group International Resources Co Ltd, through its subsidiaries, is engaged in mining operations including the production of copper and cobalt. The group's mining operations include two operating mines (Ruashi Mine and Kinsenda Mine), one project at the development stage (Musonoi Project), one exploration project (Lubembe Project), and one mine leased out under a finance lease agreement (Chibuluma South Mine (including Chifupu Deposit)). Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Jin Chuan Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Gan Su Sheng Xin Ye Zi Chan Jing Ying You Xian Ze Ren Gong Si	2101 Beneficial owner
Gan Su Sheng Jing Ji He Zuo Zong Gong Si	2101 Beneficial owner

Jinchuan Group International Resources Co (HKSE:02362) Headlines

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