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China CNR (SHSE:601299) EBIT : ¥7,792 Mil (TTM As of Mar. 2015)


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What is China CNR EBIT?

China CNR's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2015 was ¥1,285 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was ¥7,792 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China CNR's annualized ROC % for the quarter that ended in Mar. 2015 was 4.30%. China CNR's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was 15.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China CNR's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was 2.09%.


China CNR EBIT Historical Data

The historical data trend for China CNR'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.

China CNR EBIT Chart

China CNR Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EBIT
Get a 7-Day Free Trial 2,448.33 4,408.51 4,701.66 5,952.90 7,729.52

China CNR Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 1,222.57 2,120.35 2,396.39 1,990.22 1,284.63

Competitive Comparison of China CNR's EBIT

For the Railroads subindustry, China CNR'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.


China CNR's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China CNR's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China CNR's EV-to-EBIT falls into.



China CNR 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥7,792 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.


China CNR  (SHSE:601299) EBIT Explanation

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

China CNR's annualized ROC % for the quarter that ended in Mar. 2015 is calculated as:

ROC % (Q: Mar. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2014 ) + Invested Capital (Q: Mar. 2015 ))/ count )
=5196.216 * ( 1 - 22.41% )/( (98608.211 + 88788.874)/ 2 )
=4031.7439944/93698.5425
=4.30 %

where

Invested Capital(Q: Dec. 2014 )
=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))
=149152.28 - 41382.475 - ( 30584.204 - max(0, 88330.891 - 97492.485+30584.204))
=98608.211

Invested Capital(Q: Mar. 2015 )
=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))
=141474.521 - 42957.392 - ( 17477.947 - max(0, 80144.633 - 89872.888+17477.947))
=88788.874

Note: The Operating Income data used here is four times the quarterly (Mar. 2015) data.

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

China CNR's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2014  Q: Mar. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5138.532/( ( (29915.922 + max(-8278.675, 0)) + (29866.359 + max(4850.489, 0)) )/ 2 )
=5138.532/( ( 29915.922 + 34716.848 )/ 2 )
=5138.532/32316.385
=15.90 %

where Working Capital is:

Working Capital(Q: Dec. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25689.985 + 29003.568 + 8917.42) - (41382.475 + 0 + 30507.173)
=-8278.675

Working Capital(Q: Mar. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26012.94 + 34934.133 + 7902.281) - (42957.392 + 0 + 21041.473)
=4850.489

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2015) EBIT data.

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

China CNR's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2015 )
=7791.59/372503.495
=2.09 %

* 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.


China CNR EBIT Related Terms

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China CNR (SHSE:601299) Business Description

Traded in Other Exchanges
N/A
Address
China CNR Corp Ltd was founded in 1881. The Company is engaged in research and development, manufacturing, refurbishment, technology services and leasing of various products such as rolling stock, mechanical and electric equipment, environmental protection equipment and ancillary components. Its products include electric and diesel locomotives; high-speed trains; multiple units; metro cars; mass transit vehicles, such as trams and light rail vehicles; coaches; open-top, covered, hopper, flat, side dump, tank, and special wagons; and track machinery. The Company also offers rail components, such as motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators; and electric control equipment, locomotive components, vehicle components, castings, and forgings, among others.
Executives
Sun Yong Cai senior management
Zhao Guang Xing senior management
Liu Ke Xian Supervisors
Xi Guo Hua Director
Cui Dian Guo Director
Gao Zhi senior management
Xie Ji Long senior management
Lin Wan Li Director
Wang Yong Zhi senior management

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