Vianet Group (LSE:VNET) EBIT : £0.93 Mil (TTM As of Sep. 2023)

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What is Vianet Group EBIT?

Vianet Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £0.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £0.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vianet Group's annualized ROC % for the quarter that ended in Sep. 2023 was 1.55%. Vianet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vianet Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2.67%.

Vianet Group EBIT Historical Data

The historical data trend for Vianet 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.

Vianet Group EBIT Chart

Vianet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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2.78

2.53

-2.77

-0.04

0.69

Vianet Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-0.27	0.23	-	0.69	0.24

Competitive Comparison of Vianet Group's EBIT

For the Specialty Business Services subindustry, Vianet 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.

Vianet Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vianet Group's EV-to-EBIT distribution charts can be found below:

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

Vianet 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.93 Mil.

Vianet Group (LSE:VNET) EBIT Explanation

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

Vianet Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	0.47 * ( 1 - 0% )	/	( (31.281	+	29.518)	/ 2 )
=	0.47	/	30.3995
=	1.55 %

where

	Invested Capital		(Q: Mar. 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	))
=	32.776	-	1.426	-	( 0.069	-	max(0, 4.343	-	6.125	+	0.069	))
=	31.281

	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	))
=	33.733	-	2.892	-	( 1.323	-	max(0, 3.148	-	6.989	+	1.323	))
=	29.518

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Vianet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.47	/	( ( (3.37 + max(3.341, 0))	+	(3.249 + max(2.774, 0)) )	/	2 )
=	0.47	/	( ( 6.711	+	6.023 )	/	2 )
=	0.47	/	6.367
=	7.38 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.165	+	2.275	+	1.249)	-	(1.426	+	0	+	0.922)
=	3.341

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.295	+	2.371	+	-8.8817841970013E-16)	-	(2.892	+	0	+	4.4408920985006E-16)
=	2.774

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	0.925	/	34.626
	=	2.67 %

Vianet Group EBIT Related Terms

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Vianet Group (LSE:VNET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vianet Group PLC (LSE:VNET) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR

Website

http://www.vianetplc.com

Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines and Smart Zones. It generates maximum revenue from the Smart Zones segment. Geographically, it derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.