Jason Furniture (Hangzhou) Co (SHSE:603816) EBIT : ¥2,582 Mil (TTM As of Mar. 2024)

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What is Jason Furniture (Hangzhou) Co EBIT?

Jason Furniture (Hangzhou) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥547 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,582 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jason Furniture (Hangzhou) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 11.66%. Jason Furniture (Hangzhou) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jason Furniture (Hangzhou) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.30%.

Jason Furniture (Hangzhou) Co EBIT Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co EBIT Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,650.09

1,278.49

2,123.80

2,385.84

2,557.03

Jason Furniture (Hangzhou) 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															522.11	689.86	750.32	594.74	546.69

Competitive Comparison of Jason Furniture (Hangzhou) Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's EV-to-EBIT falls into.

Jason Furniture (Hangzhou) 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 ¥2,582 Mil.

Jason Furniture (Hangzhou) Co (SHSE:603816) EBIT Explanation

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

Jason Furniture (Hangzhou) 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 )
=	1793.22 * ( 1 - 19.57% )	/	( (12641.121	+	12093.08)	/ 2 )
=	1442.286846	/	12367.1005
=	11.66 %

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	))
=	16779.692	-	3077.449	-	( 3583.146	-	max(0, 6475.198	-	7536.32	+	3583.146	))
=	12641.121

	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	))
=	15913.622	-	2577.451	-	( 2572.502	-	max(0, 5247.262	-	6490.353	+	2572.502	))
=	12093.08

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

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

Jason Furniture (Hangzhou) 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 )
=	2186.748	/	( ( (6358.998 + max(-1110.114, 0))	+	(6722.845 + max(-270.585, 0)) )	/	2 )
=	2186.748	/	( ( 6358.998	+	6722.845 )	/	2 )
=	2186.748	/	6540.9215
=	33.43 %

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)
=	(1352.249	+	1967.646	+	386.917)	-	(3077.449	+	0	+	1739.477)
=	-1110.114

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1397.299	+	1825.372	+	486.11)	-	(2577.451	+	0	+	1401.915)
=	-270.585

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:

Jason Furniture (Hangzhou) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2581.608	/	27764.821
	=	9.30 %

Jason Furniture (Hangzhou) Co EBIT Related Terms

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Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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