Hisense Visual Technology Co (SHSE:600060) EBIT : ¥2,696 Mil (TTM As of Mar. 2024)

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What is Hisense Visual Technology Co EBIT?

Hisense Visual Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥662 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,696 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hisense Visual Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 13.92%. Hisense Visual Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 54.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hisense Visual Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.12%.

Hisense Visual Technology Co EBIT Historical Data

The historical data trend for Hisense Visual Technology 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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Hisense Visual Technology Co EBIT Chart

Hisense Visual Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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821.34

1,675.58

1,680.59

2,358.55

2,830.60

Hisense Visual Technology 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															797.32	558.36	844.99	629.94	662.27

Competitive Comparison of Hisense Visual Technology Co's EBIT

For the Consumer Electronics subindustry, Hisense Visual Technology 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.

Hisense Visual Technology Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hisense Visual Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hisense Visual Technology Co's EV-to-EBIT falls into.

Hisense Visual Technology 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 ¥2,696 Mil.

Hisense Visual Technology Co (SHSE:600060) EBIT Explanation

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

Hisense Visual Technology 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 )
=	2206.208 * ( 1 - 11.06% )	/	( (14563.991	+	13618.903)	/ 2 )
=	1962.2013952	/	14091.447
=	13.92 %

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	))
=	45106.594	-	15736.832	-	( 14805.771	-	max(0, 18381.722	-	35455.984	+	14805.771	))
=	14563.991

	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	))
=	42844.265	-	14596.771	-	( 14628.591	-	max(0, 16035.805	-	33360.873	+	14628.591	))
=	13618.903

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

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

Hisense Visual Technology 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 )
=	2649.064	/	( ( (4896.246 + max(-6250.153, 0))	+	(4897.913 + max(-4764.741, 0)) )	/	2 )
=	2649.064	/	( ( 4896.246	+	4897.913 )	/	2 )
=	2649.064	/	4897.0795
=	54.09 %

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)
=	(4621.59	+	5831.227	+	526.159)	-	(15736.832	+	0	+	1492.297)
=	-6250.153

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3845.093	+	5992.845	+	518.045)	-	(14596.771	+	0	+	523.953)
=	-4764.741

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:

Hisense Visual Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2695.549	/	24249.213
	=	11.12 %

Hisense Visual Technology Co EBIT Related Terms

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Hisense Visual Technology Co (SHSE:600060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hisense Visual Technology Co Ltd (SHSE:600060) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No.218, Qian Wangang Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266555

Website

http://www.hisense.cn

Hisense Visual Technology Co Ltd is engaged in the distribution and servicing of home appliances, telecommunications, green energy-saving refrigeration technology, and information technologies. Its brand includes Kelon, Ronshen, Vidaa among others.

Executives

Li Jia	senior management
Yu Zhi Tao	Directors, senior managers
Liu Sha Sha	senior management
Cheng Kai Xun	Director
Wu Hai Yan	senior management
Lin Lan	Director
Dai Hui Zhong	Director
Zhou Hou Jian	Director
Xia Feng	senior management
Liu Jiang Yan	senior management
Tian Ye	Director
Yu Shu Min	Director
Liu Hong Xin	Director
Mi Liang Yuan	senior management
Liu Xin	senior management

Hisense Visual Technology Co (SHSE:600060) Headlines

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