QuMei Home Furnishings Group Co (SHSE:603818) EBIT : ¥-19 Mil (TTM As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is QuMei Home Furnishings Group Co EBIT?

QuMei Home Furnishings Group 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 ¥-19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QuMei Home Furnishings Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was -0.73%. QuMei Home Furnishings Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. QuMei Home Furnishings Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.45%.

QuMei Home Furnishings Group Co EBIT Historical Data

The historical data trend for QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co EBIT Chart

QuMei Home Furnishings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

397.63

410.09

246.98

296.81

-23.69

QuMei Home Furnishings 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															-29.19	-11.86	20.03	-2.66	-24.69

Competitive Comparison of QuMei Home Furnishings Group Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, QuMei Home Furnishings Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where QuMei Home Furnishings Group Co's EV-to-EBIT falls into.

QuMei Home Furnishings 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 ¥-19 Mil.

QuMei Home Furnishings Group Co (SHSE:603818) EBIT Explanation

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

QuMei Home Furnishings 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 )
=	-51.516 * ( 1 - 21.7% )	/	( (5625.34	+	5484.823)	/ 2 )
=	-40.337028	/	5555.0815
=	-0.73 %

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	))
=	6956.573	-	682.893	-	( 721.476	-	max(0, 1340.056	-	1988.396	+	721.476	))
=	5625.34

	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	))
=	6995.271	-	608.701	-	( 1083.22	-	max(0, 1383.952	-	2285.699	+	1083.22	))
=	5484.823

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

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

QuMei Home Furnishings 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 )
=	-98.744	/	( ( (1590.304 + max(421.717, 0))	+	(1488.286 + max(407.157, 0)) )	/	2 )
=	-98.744	/	( ( 2012.021	+	1895.443 )	/	2 )
=	-98.744	/	1953.732
=	-5.05 %

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)
=	(465.412	+	666.168	+	97.728)	-	(682.893	+	0	+	124.698)
=	421.717

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(466.3	+	617.005	+	77.635)	-	(608.701	+	0	+	145.082)
=	407.157

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:

QuMei Home Furnishings Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-19.177	/	4238.726
	=	-0.45 %

QuMei Home Furnishings Group Co EBIT Related Terms

Thank you for viewing the detailed overview of QuMei Home Furnishings Group Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

Executives

Zhao Rui Hai	Director
Zhao Rui Bin	Director
Wu Na Ni	Director
Xie Wen Bin	Director
Zhao Rui Jie	Director
Sun Hai Feng	Director
Rao Shui Yuan	Director
Wang Li Ping	Supervisors
Xu Guo Jun	Supervisors

QuMei Home Furnishings Group Co (SHSE:603818) Headlines

No Headlines