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Changjiang Publishing & Media Co (SHSE:600757) EBIT : ¥876 Mil (TTM As of Mar. 2024)


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What is Changjiang Publishing & Media Co EBIT?

Changjiang Publishing & Media Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥355 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥876 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changjiang Publishing & Media Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.46%. Changjiang Publishing & Media Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 61.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changjiang Publishing & Media Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.77%.


Changjiang Publishing & Media Co EBIT Historical Data

The historical data trend for Changjiang Publishing & Media 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.

Changjiang Publishing & Media Co EBIT Chart

Changjiang Publishing & Media 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 816.21 842.52 718.56 736.55 907.68

Changjiang Publishing & Media 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 387.18 266.22 190.80 63.48 355.13

Competitive Comparison of Changjiang Publishing & Media Co's EBIT

For the Publishing subindustry, Changjiang Publishing & Media 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.


Changjiang Publishing & Media Co's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Changjiang Publishing & Media Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changjiang Publishing & Media Co's EV-to-EBIT falls into.



Changjiang Publishing & Media 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 ¥876 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.


Changjiang Publishing & Media Co  (SHSE:600757) EBIT Explanation

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

Changjiang Publishing & Media 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 )
=1278.412 * ( 1 - 26.57% )/( (8842.746 + 9112.734)/ 2 )
=938.7379316/8977.74
=10.46 %

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))
=13234.283 - 2904.064 - ( 1487.473 - max(0, 3983.848 - 6434.16+1487.473))
=8842.746

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))
=13573.423 - 3174.549 - ( 1286.14 - max(0, 4030.293 - 6706.367+1286.14))
=9112.734

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

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

Changjiang Publishing & Media 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 )
=1420.508/( ( (1235.666 + max(887.094, 0)) + (1277.476 + max(1257.033, 0)) )/ 2 )
=1420.508/( ( 2122.76 + 2534.509 )/ 2 )
=1420.508/2328.6345
=61.00 %

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)
=(826.612 + 1207.022 + 2815.121) - (2904.064 + 0 + 1057.597)
=887.094

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1316.698 + 1147.802 + 2800.388) - (3174.549 + 0 + 833.306)
=1257.033

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:

Changjiang Publishing & Media Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=875.622/8957.776
=9.77 %

* 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.


Changjiang Publishing & Media Co EBIT Related Terms

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Changjiang Publishing & Media Co (SHSE:600757) Business Description

Traded in Other Exchanges
N/A
Address
No. 268 Xiongchu Avenue, 11th-12th Floor, Block B, Hubei Publishing Culture City, Hubei Province, Wuhan, CHN, 430070
Changjiang Publishing & Media Co Ltd is engaged in the publication and media industry, as well as the manufacturing of clothing and other fiber products.
Executives
Zhou Yi Ping Director
Tian Wu Ying senior management
Wan Zhi Director
Hua Ying Sheng Director
Luo Jin Supervisors

Changjiang Publishing & Media Co (SHSE:600757) Headlines

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