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Tengda Construction Group Co (SHSE:600512) EBIT : ¥56 Mil (TTM As of Mar. 2024)


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What is Tengda Construction Group Co EBIT?

Tengda Construction Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥130 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tengda Construction Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.28%. Tengda Construction Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 95.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tengda Construction Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.65%.


Tengda Construction Group Co EBIT Historical Data

The historical data trend for Tengda Construction Group 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.

Tengda Construction Group Co EBIT Chart

Tengda Construction Group 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 905.82 775.93 1,046.72 179.44 89.80

Tengda Construction Group 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 164.44 -65.06 73.74 -83.32 130.18

Competitive Comparison of Tengda Construction Group Co's EBIT

For the Engineering & Construction subindustry, Tengda Construction Group 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.


Tengda Construction Group Co's EV-to-EBIT Distribution in the Construction Industry

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

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



Tengda Construction Group 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 ¥56 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.


Tengda Construction Group Co  (SHSE:600512) EBIT Explanation

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

Tengda Construction Group 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 )
=62.596 * ( 1 - 11.74% )/( (4221.503 + 4412.195)/ 2 )
=55.2472296/4316.849
=1.28 %

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))
=11142.421 - 3952.07 - ( 3114.874 - max(0, 5009.862 - 7978.71+3114.874))
=4221.503

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))
=10464.605 - 3440.061 - ( 2612.349 - max(0, 4221.098 - 7236.519+2612.349))
=4412.195

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

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

Tengda Construction Group 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 )
=520.712/( ( (543.198 + max(-1891.107, 0)) + (545.325 + max(-1288.487, 0)) )/ 2 )
=520.712/( ( 543.198 + 545.325 )/ 2 )
=520.712/544.2615
=95.67 %

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)
=(350.589 + 2236.792 + 127.683) - (3952.07 + 0 + 654.101)
=-1891.107

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(486.761 + 2244.504 + 197.223) - (3440.061 + 0 + 776.914)
=-1288.487

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=55.537/641.734
=8.65 %

* 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.


Tengda Construction Group Co EBIT Related Terms

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Tengda Construction Group Co (SHSE:600512) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Luqiao Avenue East, Luqiao District, Taizhou, Zhejiang, CHN, 318050
Tengda Construction Group Co Ltd is a China-based company engaged in construction engineering and operation of railways, roads, and bridges. It is mainly engaged in urban roads, bridges, elevated roads, rail transit, sewage treatment, highways, housing construction and other projects. The company conducts its businesses primarily in domestic markets.
Executives
Yan Wei Lei senior management
Wang Zheng Chu senior management
Ye Li Jun Director
Yang Jiu Ru Directors, senior managers
Sun Jiu Chun Directors, senior managers
Wang Gui senior management
Ye Xiao Gen Director
Ye Lin Fu Director
Chen Hua Cai Director
Lin Huan Supervisors
Ye Yang Zeng senior management
Ye Li Chun Director
Xu Jun Ming Director
Ye Chun Fang Director
Ye Chun Fang Director

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