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CETC Chips Technology (SHSE:600877) EBIT : ¥250 Mil (TTM As of Mar. 2024)


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What is CETC Chips Technology EBIT?

CETC Chips Technology's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥250 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CETC Chips Technology's annualized ROC % for the quarter that ended in Mar. 2024 was 4.36%. CETC Chips Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CETC Chips Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.94%.


CETC Chips Technology EBIT Historical Data

The historical data trend for CETC Chips Technology'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.

CETC Chips Technology EBIT Chart

CETC Chips Technology 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 93.78 222.70 258.50 233.50 250.91

CETC Chips Technology 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 20.46 38.33 49.50 142.62 19.80

Competitive Comparison of CETC Chips Technology's EBIT

For the Semiconductors subindustry, CETC Chips Technology'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.


CETC Chips Technology's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, CETC Chips Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CETC Chips Technology's EV-to-EBIT falls into.



CETC Chips Technology 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 ¥250 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.


CETC Chips Technology  (SHSE:600877) EBIT Explanation

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

CETC Chips Technology'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 )
=71.892 * ( 1 - 2.08% )/( (1522.356 + 1706.964)/ 2 )
=70.3966464/1614.66
=4.36 %

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))
=3084.638 - 563.785 - ( 998.497 - max(0, 676.857 - 2784.721+998.497))
=1522.356

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))
=2895.779 - 398.428 - ( 790.387 - max(0, 470.785 - 2596.074+790.387))
=1706.964

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

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

CETC Chips Technology'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 )
=79.192/( ( (199.38 + max(973.156, 0)) + (194.378 + max(1189.178, 0)) )/ 2 )
=79.192/( ( 1172.536 + 1383.556 )/ 2 )
=79.192/1278.046
=6.20 %

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)
=(1001.65 + 525.458 + 75.797) - (563.785 + 0 + 65.964)
=973.156

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1002.86 + 515.716 + 136.166) - (398.428 + 0 + 67.136)
=1189.178

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:

CETC Chips Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=250.251/12905.106
=1.94 %

* 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.


CETC Chips Technology EBIT Related Terms

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CETC Chips Technology (SHSE:600877) Business Description

Traded in Other Exchanges
N/A
Address
No. 111, Yongjia Avenue, Biquan Street, Bishan District, Chongqing, CHN, 401331
CETC Chips Technology Inc is engaged in the design, research and development, manufacture, testing and sales of silicon-based analog semiconductor chips and their application products.
Executives
Xu Da Peng Supervisors
Chen He Ping senior management
Zhao Hai Qiang Director
Jing Bo Director
Chen Wei Dong Supervisors
Huang Yan senior management
Zhao Cheng Fu senior management
Huang Jing Yu Director
Li Hua Guang Director
Li Gong You Supervisors

CETC Chips Technology (SHSE:600877) Headlines

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