Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) EBIT : ¥1,091 Mil (TTM As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) Co EBIT?

Asia-Potash International Investment (Guangzhou) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,091 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia-Potash International Investment (Guangzhou) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.10%. Asia-Potash International Investment (Guangzhou) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia-Potash International Investment (Guangzhou) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.99%.

Asia-Potash International Investment (Guangzhou) Co EBIT Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co EBIT Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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94.00

81.20

1,003.96

2,194.22

1,412.17

Asia-Potash International Investment (Guangzhou) 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															408.47	458.03	248.76	296.91	87.77

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's EBIT

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's EV-to-EBIT falls into.

Asia-Potash International Investment (Guangzhou) 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 ¥1,091 Mil.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) EBIT Explanation

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

Asia-Potash International Investment (Guangzhou) 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 )
=	356.624 * ( 1 - 9.98% )	/	( (14922.872	+	15677.498)	/ 2 )
=	321.0329248	/	15300.185
=	2.10 %

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	))
=	15698.292	-	1565.009	-	( 755.334	-	max(0, 2222.442	-	1432.853	+	755.334	))
=	14922.872

	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	))
=	16420.04	-	1418.356	-	( 564.358	-	max(0, 2083.509	-	1407.695	+	564.358	))
=	15677.498

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

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

Asia-Potash International Investment (Guangzhou) 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 )
=	351.064	/	( ( (6891.241 + max(-1087.034, 0))	+	(7597.601 + max(-782.184, 0)) )	/	2 )
=	351.064	/	( ( 6891.241	+	7597.601 )	/	2 )
=	351.064	/	7244.421
=	4.85 %

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)
=	(19.22	+	417.06	+	231.582)	-	(1565.009	+	0	+	189.887)
=	-1087.034

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(114.305	+	494.629	+	221.42)	-	(1418.356	+	0	+	194.182)
=	-782.184

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:

Asia-Potash International Investment (Guangzhou) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1091.46	/	18209.882
	=	5.99 %

Asia-Potash International Investment (Guangzhou) Co EBIT Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Executives

Chen Xue Ping	Executives
Yu Long	Executives
Lai Ning Chang	Director
Li Chao Bo	Supervisors
Jiang Yi	Director
Xu Ji Ping	Director
Ma Kai	Directors, executives
Hou Xun Tian	Director
Tian Yan	Directors, executives
Xu Jian Fei	Executives
Shi Ge Yan	Executives
Rao Zhi Long	Directors, executives
Liu Jie	Executives

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