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CTS International Logistics (SHSE:603128) EBIT : ¥775 Mil (TTM As of Mar. 2024)


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What is CTS International Logistics EBIT?

CTS International Logistics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥230 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥775 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CTS International Logistics's annualized ROC % for the quarter that ended in Mar. 2024 was 13.13%. CTS International Logistics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 77.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CTS International Logistics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.07%.


CTS International Logistics EBIT Historical Data

The historical data trend for CTS International Logistics'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.

CTS International Logistics EBIT Chart

CTS International Logistics 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 477.83 740.99 1,237.33 1,225.35 863.13

CTS International Logistics 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 318.37 182.09 287.49 75.18 230.35

Competitive Comparison of CTS International Logistics's EBIT

For the Integrated Freight & Logistics subindustry, CTS International Logistics'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.


CTS International Logistics's EV-to-EBIT Distribution in the Transportation Industry

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

* The bar in red indicates where CTS International Logistics's EV-to-EBIT falls into.



CTS International Logistics 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 ¥775 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.


CTS International Logistics  (SHSE:603128) EBIT Explanation

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

CTS International Logistics'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 )
=886.104 * ( 1 - 24.18% )/( (4895.641 + 5341.04)/ 2 )
=671.8440528/5118.3405
=13.13 %

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))
=9653.476 - 2810.135 - ( 1947.7 - max(0, 3347.193 - 6501.642+1947.7))
=4895.641

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))
=9350.884 - 2356.819 - ( 1653.025 - max(0, 2889.625 - 6189.852+1653.025))
=5341.04

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

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

CTS International Logistics'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 )
=921.392/( ( (736.597 + max(210.456, 0)) + (726.478 + max(715.144, 0)) )/ 2 )
=921.392/( ( 947.053 + 1441.622 )/ 2 )
=921.392/1194.3375
=77.15 %

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)
=(2908.053 + 20.409 + 169.354) - (2810.135 + 0 + 77.225)
=210.456

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2873.16 + 55.178 + 224.547) - (2356.819 + 0 + 80.922)
=715.144

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:

CTS International Logistics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=775.105/7694.367
=10.07 %

* 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.


CTS International Logistics EBIT Related Terms

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CTS International Logistics (SHSE:603128) Business Description

Traded in Other Exchanges
N/A
Address
20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003
CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.
Executives
Chen Yu Director
Jiang Bo senior management
Yu Yong Qian senior management
Liu Qing Wu senior management
Cai Xian Zhong senior management
Mao Ning Director
Tang Guo Liang Supervisors
Miao Yue Dong senior management
Zhou Xu Qing Director
Chen Wei Xing senior management
Lin Shi Kuan senior management
Guo Zhen Ming Director
Dong Wei Zhong Supervisors

CTS International Logistics (SHSE:603128) Headlines

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