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Guolian Securities Co (SHSE:601456) EBIT : ¥1,280 Mil (TTM As of Mar. 2024)


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What is Guolian Securities Co EBIT?

Guolian Securities Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,280 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guolian Securities Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.28%. Guolian Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 40.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guolian Securities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -68.86%.


Guolian Securities Co EBIT Historical Data

The historical data trend for Guolian Securities 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.

Guolian Securities Co EBIT Chart

Guolian Securities 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 1,052.92 1,373.46 2,115.25 2,053.29 2,074.24

Guolian Securities Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 585.82 774.30 468.21 - 37.54

Competitive Comparison of Guolian Securities Co's EBIT

For the Capital Markets subindustry, Guolian Securities 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.


Guolian Securities Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guolian Securities Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guolian Securities Co's EV-to-EBIT falls into.



Guolian Securities 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 ¥1,280 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.


Guolian Securities Co  (SHSE:601456) EBIT Explanation

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

Guolian Securities 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 )
=128.972 * ( 1 - 27.64% )/( (30656.931 + 36789.289)/ 2 )
=93.3241392/33723.11
=0.28 %

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))
=87128.875 - 9909.208 - ( 49673.595 - max(0, 25192.217 - 71754.953+49673.595))
=30656.931

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))
=93232.013 - 9680.834 - ( 57240.571 - max(0, 32554.781 - 79316.671+57240.571))
=36789.289

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

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

Guolian Securities 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 )
=150.16/( ( (400.778 + max(-12904.784, 0)) + (341.572 + max(-20099.194, 0)) )/ 2 )
=150.16/( ( 400.778 + 341.572 )/ 2 )
=150.16/371.175
=40.46 %

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)
=(1267.879 + 0 + 10668.871) - (9909.208 + 0 + 14932.326)
=-12904.784

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(314.176 + 0 + 12085.975) - (9680.834 + 0 + 22818.511)
=-20099.194

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:

Guolian Securities Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1280.054/-1859.018
=-68.86 %

* 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.


Guolian Securities Co EBIT Related Terms

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Guolian Securities Co (SHSE:601456) Business Description

Traded in Other Exchanges
Address
No. 8 Jinrong One Street, Jiangsu Province, Wuxi, CHN, 214000
Guolian Securities Co Ltd is a china based financial institution. The company's operating segments include Brokerage and wealth management; Credit transaction; Investment banking; Proprietary trading; Asset management and investment and Other businesses. It generates maximum revenue from the Proprietary trading segment. The Proprietary trading segment includes trading in financial products. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation.

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