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Henan Zhongyuan Expressway Co (SHSE:600020) EBIT : ¥2,077 Mil (TTM As of Mar. 2024)


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What is Henan Zhongyuan Expressway Co EBIT?

Henan Zhongyuan Expressway Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥604 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,077 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Henan Zhongyuan Expressway Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.74%. Henan Zhongyuan Expressway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Henan Zhongyuan Expressway Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.16%.


Henan Zhongyuan Expressway Co EBIT Historical Data

The historical data trend for Henan Zhongyuan Expressway 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.

Henan Zhongyuan Expressway Co EBIT Chart

Henan Zhongyuan Expressway 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 3,482.65 1,729.57 2,301.55 1,398.89 2,190.87

Henan Zhongyuan Expressway Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 717.37 664.41 623.39 185.71 603.96

Competitive Comparison of Henan Zhongyuan Expressway Co's EBIT

For the Infrastructure Operations subindustry, Henan Zhongyuan Expressway 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.


Henan Zhongyuan Expressway Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Henan Zhongyuan Expressway Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Henan Zhongyuan Expressway Co's EV-to-EBIT falls into.



Henan Zhongyuan Expressway 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,077 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.


Henan Zhongyuan Expressway Co  (SHSE:600020) EBIT Explanation

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

Henan Zhongyuan Expressway Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=2389.52 * ( 1 - 22.94% )/( (49798.761 + 48601.5)/ 2 )
=1841.364112/49200.1305
=3.74 %

where

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))
=50060.671 - 1813.439 - ( 482.668 - max(0, 7737.597 - 6186.068+482.668))
=49798.761

Invested Capital(Q: Mar. 2024 )
=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))
=50324.072 - 1108.136 - ( 614.436 - max(0, 5588.079 - 6620.54+614.436))
=48601.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Henan Zhongyuan Expressway Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2415.832/( ( (11278.511 + max(2730.384, 0)) + (11127.37 + max(4708.96, 0)) )/ 2 )
=2415.832/( ( 14008.895 + 15836.33 )/ 2 )
=2415.832/14922.6125
=16.19 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(703.674 + 4819.086 + 84.51) - (1813.439 + 0 + 1063.447)
=2730.384

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(956.277 + 4860.174 + 89.556) - (1108.136 + 0 + 88.911)
=4708.96

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Henan Zhongyuan Expressway Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2077.462/40259.638
=5.16 %

* 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.


Henan Zhongyuan Expressway Co EBIT Related Terms

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Henan Zhongyuan Expressway Co (SHSE:600020) Business Description

Traded in Other Exchanges
N/A
Address
No. 93 Zhongyuan Road, Zhengzhou, Henan, CHN, 450052
Henan Zhongyuan Expressway Co Ltd engages in investment, operation, management, and maintenance of high-grade highways, independent bridges, and other transportation infrastructure projects. It operates Zhengxi, Zhumadian, Zhengzhou, Pingdingshan, Zhengxin yellow river bridge, Zhengkai, Shangqiu, and Jixian County projects. The company also engages in the highway construction, management, investment, and financing systems.

Henan Zhongyuan Expressway Co (SHSE:600020) Headlines

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