Xiamen International Airport Co (SHSE:600897) EBIT : ¥583 Mil (TTM As of Mar. 2024)

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What is Xiamen International Airport Co EBIT?

Xiamen International Airport Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥168 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥583 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xiamen International Airport Co's annualized ROC % for the quarter that ended in Mar. 2024 was 15.87%. Xiamen International Airport Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xiamen International Airport Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.05%.

Xiamen International Airport Co EBIT Historical Data

The historical data trend for Xiamen International Airport 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.

Xiamen International Airport Co EBIT Chart

Xiamen International Airport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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715.95

252.57

222.44

62.91

521.90

Xiamen International Airport 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															106.46	150.21	137.64	127.58	167.96

Competitive Comparison of Xiamen International Airport Co's EBIT

For the Airports & Air Services subindustry, Xiamen International Airport 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.

Xiamen International Airport Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xiamen International Airport Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xiamen International Airport Co's EV-to-EBIT falls into.

Xiamen International Airport 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 ¥583 Mil.

Xiamen International Airport Co (SHSE:600897) EBIT Explanation

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

Xiamen International Airport 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 )
=	579.232 * ( 1 - 22.41% )	/	( (2856.136	+	2808.211)	/ 2 )
=	449.4261088	/	2832.1735
=	15.87 %

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	))
=	5432.04	-	771.409	-	( 2411.208	-	max(0, 863.845	-	2668.34	+	2411.208	))
=	2856.136

	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	))
=	5500.779	-	720.515	-	( 2523.435	-	max(0, 820.568	-	2792.621	+	2523.435	))
=	2808.211

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

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

Xiamen International Airport 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 )
=	671.836	/	( ( (2475.146 + max(-572.147, 0))	+	(2424.554 + max(-513.332, 0)) )	/	2 )
=	671.836	/	( ( 2475.146	+	2424.554 )	/	2 )
=	671.836	/	2449.85
=	27.42 %

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)
=	(232.929	+	0.608	+	1.2460000000001)	-	(771.409	+	0	+	35.521)
=	-572.147

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(248.415	+	0.692	+	0.22500000000036)	-	(720.515	+	0	+	42.149)
=	-513.332

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:

Xiamen International Airport Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	583.393	/	3231.407
	=	18.05 %

Xiamen International Airport Co EBIT Related Terms

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Xiamen International Airport Co (SHSE:600897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen International Airport Co Ltd (SHSE:600897) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006

Website

http://www.xiac.com.cn

Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.

Executives

Wang Yan Fei	Supervisors
Wang Ti Tang	Director
Nie Xin Jie	Supervisors
Lin Wen Jie	Supervisors
Wang Jia Cheng	Director
Qian Jin Qun	Director
Li Qing Xin	Supervisors

Xiamen International Airport Co (SHSE:600897) Headlines

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