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AECC Aero Science and Technology Co (SHSE:600391) EBIT : ¥186 Mil (TTM As of Mar. 2024)


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What is AECC Aero Science and Technology Co EBIT?

AECC Aero Science and Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥186 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AECC Aero Science and Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.59%. AECC Aero Science and Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AECC Aero Science and Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.74%.


AECC Aero Science and Technology Co EBIT Historical Data

The historical data trend for AECC Aero Science and 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.

* Premium members only.

AECC Aero Science and Technology Co EBIT Chart

AECC Aero Science and Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.37 55.84 104.18 137.58 172.04

AECC Aero Science and 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.95 71.86 56.25 32.98 24.87

Competitive Comparison of AECC Aero Science and Technology Co's EBIT

For the Aerospace & Defense subindustry, AECC Aero Science and 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.


AECC Aero Science and Technology Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero Science and Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AECC Aero Science and Technology Co's EV-to-EBIT falls into.



AECC Aero Science and 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 ¥186 Mil.

* 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.


AECC Aero Science and Technology Co  (SHSE:600391) EBIT Explanation

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

AECC Aero Science and 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 )
=98.988 * ( 1 - 39.92% )/( (3066.411 + 4391.023)/ 2 )
=59.4719904/3728.717
=1.59 %

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))
=7132.497 - 3448.976 - ( 617.11 - max(0, 4028.838 - 4999.221+617.11))
=3066.411

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))
=8461.196 - 3449.589 - ( 620.584 - max(0, 5008.61 - 6077.782+620.584))
=4391.023

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

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

AECC Aero Science and 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 )
=99.476/( ( (1984.168 + max(465.384, 0)) + (2191.748 + max(1634.186, 0)) )/ 2 )
=99.476/( ( 2449.552 + 3825.934 )/ 2 )
=99.476/3137.743
=3.17 %

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)
=(929.636 + 2921.335 + 170.701) - (3448.976 + 0 + 107.312)
=465.384

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1582.362 + 3377.868 + 171.065) - (3449.589 + 0 + 47.52)
=1634.186

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:

AECC Aero Science and Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=185.956/6781.906
=2.74 %

* 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.


AECC Aero Science and Technology Co EBIT Related Terms

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AECC Aero Science and Technology Co (SHSE:600391) Business Description

Traded in Other Exchanges
N/A
Address
No. 901, 9th Floor, Building 1, Tianyun Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610503
AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings.
Executives
Yan Shui Bo Supervisors
Zhang Li senior management
Chen Yu Pei senior management
Sun Yan Feng Supervisors
Chen Jin Director
Zhang Bin senior management
Liu Jian senior management
Xiong Yi Director
Yi Xue Bin senior management
Wu Hua Director
Wang Nan Hai senior management

AECC Aero Science and Technology Co (SHSE:600391) Headlines

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