China Railway Signalmmunication (HKSE:03969) EBIT : HK$3,375 Mil (TTM As of Dec. 2023)

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What is China Railway Signalmmunication EBIT?

China Railway Signalmmunication's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$1,010 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,375 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Railway Signalmmunication's annualized ROC % for the quarter that ended in Dec. 2023 was 11.36%. China Railway Signalmmunication's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 65.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Railway Signalmmunication's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.37%.

China Railway Signalmmunication EBIT Historical Data

The historical data trend for China Railway Signalmmunication'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 Railway Signalmmunication EBIT Chart

China Railway Signalmmunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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5,729.52

6,020.42

5,348.79

5,420.19

5,214.03

China Railway Signalmmunication Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															1,141.81	-	1,400.46	1,010.22	964.70

Competitive Comparison of China Railway Signalmmunication's EBIT

For the Railroads subindustry, China Railway Signalmmunication'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 Railway Signalmmunication's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Railway Signalmmunication's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Railway Signalmmunication's EV-to-EBIT falls into.

China Railway Signalmmunication 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 quarterly data reported by the company within the most recent 12 months, which was HK$3,375 Mil.

China Railway Signalmmunication (HKSE:03969) EBIT Explanation

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

China Railway Signalmmunication'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	5836.988 * ( 1 - 7.08% )	/	( (49101.331	+	46408.244)	/ 2 )
=	5423.7292496	/	47754.7875
=	11.36 %

where

	Invested Capital		(Q: Sep. 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	))
=	125815.817	-	55141.979	-	( 21572.507	-	max(0, 69722.267	-	99612.062	+	21572.507	))
=	49101.331

	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	))
=	130149.283	-	59050.026	-	( 24691.013	-	max(0, 72456.126	-	101185.055	+	24691.013	))
=	46408.244

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

China Railway Signalmmunication'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4040.896	/	( ( (5999.124 + max(-34638.729, 0))	+	(6290.908 + max(-37011.509, 0)) )	/	2 )
=	4040.896	/	( ( 5999.124	+	6290.908 )	/	2 )
=	4040.896	/	6145.016
=	65.76 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25660.911	+	3172.897	+	2324.188)	-	(55141.979	+	0	+	10654.746)
=	-34638.729

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25020.791	+	3506.855	+	2250.105)	-	(59050.026	+	0	+	8739.234)
=	-37011.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

China Railway Signalmmunication's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	3375.38	/	45792.559
	=	7.37 %

China Railway Signalmmunication EBIT Related Terms

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China Railway Signalmmunication (HKSE:03969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (HKSE:03969) » Definitions » EBIT

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CRYCY:USA 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General project contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

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