Tianyu Digital Technology (Dalian) Group Co (SZSE:002354) EBIT : ¥-998 Mil (TTM As of Mar. 2024)

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What is Tianyu Digital Technology (Dalian) Group Co EBIT?

Tianyu Digital Technology (Dalian) Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-998 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tianyu Digital Technology (Dalian) Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.85%. Tianyu Digital Technology (Dalian) Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 83.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tianyu Digital Technology (Dalian) Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -21.84%.

Tianyu Digital Technology (Dalian) Group Co EBIT Historical Data

The historical data trend for Tianyu Digital Technology (Dalian) Group 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.

Tianyu Digital Technology (Dalian) Group Co EBIT Chart

Tianyu Digital Technology (Dalian) Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-823.18

519.81

55.23

-242.66

-1,005.74

Tianyu Digital Technology (Dalian) Group 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															19.61	8.75	18.88	-1,052.99	27.34

Competitive Comparison of Tianyu Digital Technology (Dalian) Group Co's EBIT

For the Electronic Gaming & Multimedia subindustry, Tianyu Digital Technology (Dalian) Group 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.

Tianyu Digital Technology (Dalian) Group Co's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tianyu Digital Technology (Dalian) Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tianyu Digital Technology (Dalian) Group Co's EV-to-EBIT falls into.

Tianyu Digital Technology (Dalian) Group 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 ¥-998 Mil.

Tianyu Digital Technology (Dalian) Group Co (SZSE:002354) EBIT Explanation

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

Tianyu Digital Technology (Dalian) Group 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 )
=	119.896 * ( 1 - 27.05% )	/	( (1230.263	+	1322.397)	/ 2 )
=	87.464132	/	1276.33
=	6.85 %

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	))
=	2023.376	-	420.219	-	( 372.894	-	max(0, 479.993	-	884.956	+	372.894	))
=	1230.263

	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	))
=	2073.381	-	395.093	-	( 355.891	-	max(0, 485.735	-	934.98	+	355.891	))
=	1322.397

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

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

Tianyu Digital Technology (Dalian) Group 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 )
=	109.344	/	( ( (91.79 + max(3.3269999999999, 0))	+	(85.267 + max(80.978, 0)) )	/	2 )
=	109.344	/	( ( 95.117	+	166.245 )	/	2 )
=	109.344	/	130.681
=	83.67 %

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)
=	(405.823	+	19.304	+	47.477)	-	(420.219	+	0	+	49.058)
=	3.3269999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(487.348	+	14.758	+	46.878)	-	(395.093	+	0	+	72.913)
=	80.978

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:

Tianyu Digital Technology (Dalian) Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-998.016	/	4570.464
	=	-21.84 %

Tianyu Digital Technology (Dalian) Group Co EBIT Related Terms

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Tianyu Digital Technology (Dalian) Group Co (SZSE:002354) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tianyu Digital Technology (Dalian) Group Co Ltd (SZSE:002354) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

No. 31 Zhifu Street, Unit 905, Zhongshan District, Liaoning Province, Dalian, CHN, 100123

Website

http://www.tianshenyule.com

Tianyu Digital Technology (Dalian) Group Co Ltd develops and publishes online games. It offers various games such as Changfei Change, Dream Q Immortal, The People's Destruction of God, and Variety of Changes.

Executives

Shi Bo Tao	Directors, executives
Shen Xue Lian	Director
Gong Jiao	Executives
Zhu Ye	Directors, executives
Yin Chun Fen	Directors, executives
Sun Jun	Executives
Meng Xiang Dong	Director
Shen Yan Ling	Executives

Tianyu Digital Technology (Dalian) Group Co (SZSE:002354) Headlines

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