JiaXing Gas Group Co (HKSE:09908) EBIT : HK$323 Mil (TTM As of Dec. 2023)

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What is JiaXing Gas Group Co EBIT?

JiaXing Gas Group Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was HK$127 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$323 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JiaXing Gas Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was 9.37%. JiaXing Gas Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JiaXing Gas Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.70%.

JiaXing Gas Group Co EBIT Historical Data

The historical data trend for JiaXing Gas 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.

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JiaXing Gas Group Co EBIT Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

152.01

162.61

193.73

126.39

322.80

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial							88.30	60.44	68.80	195.89	126.91

Competitive Comparison of JiaXing Gas Group Co's EBIT

For the Utilities - Regulated Gas subindustry, JiaXing Gas 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.

JiaXing Gas Group Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where JiaXing Gas Group Co's EV-to-EBIT falls into.

JiaXing Gas 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$323 Mil.

JiaXing Gas Group Co (HKSE:09908) EBIT Explanation

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

JiaXing Gas Group Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	246.942 * ( 1 - 21.13% )	/	( (2052.029	+	2105.256)	/ 2 )
=	194.7631554	/	2078.6425
=	9.37 %

where

	Invested Capital		(Q: Jun. 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	))
=	3053.7	-	917.562	-	( 505.581	-	max(0, 1179.587	-	1263.696	+	505.581	))
=	2052.029

	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	))
=	2903.699	-	864.994	-	( 399.274	-	max(0, 1033.057	-	966.506	+	399.274	))
=	2105.256

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

JiaXing Gas Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	253.818	/	( ( (773.33 + max(-606.51, 0))	+	(819.267 + max(-565.804, 0)) )	/	2 )
=	253.818	/	( ( 773.33	+	819.267 )	/	2 )
=	253.818	/	796.2985
=	31.87 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(234.093	+	209.833	+	21.733)	-	(917.562	+	0	+	154.607)
=	-606.51

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(261.906	+	19.148	+	147.939)	-	(864.994	+	0	+	129.803)
=	-565.804

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

JiaXing Gas Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	322.795	/	1018.316
	=	31.70 %

JiaXing Gas Group Co EBIT Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » EBIT

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Traded in Other Exchanges

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Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

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