GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cambricon Technologies Corp Ltd (SHSE:688256) » Definitions » EBIT

Cambricon Technologies (SHSE:688256) EBIT : ¥-840.3 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Cambricon Technologies EBIT?

Cambricon Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-230.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-840.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cambricon Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -70.09%. Cambricon Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -111.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cambricon Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.25%.


Cambricon Technologies EBIT Historical Data

The historical data trend for Cambricon Technologies'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.

Cambricon Technologies EBIT Chart

Cambricon Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -1,284.10 -561.45 -820.42 -1,318.71 -871.33

Cambricon Technologies 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 -261.38 -296.14 -270.09 -43.71 -230.40

Competitive Comparison of Cambricon Technologies's EBIT

For the Semiconductors subindustry, Cambricon Technologies'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.


Cambricon Technologies's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cambricon Technologies's EV-to-EBIT distribution charts can be found below:

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



Cambricon Technologies 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 ¥-840.3 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.


Cambricon Technologies  (SHSE:688256) EBIT Explanation

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

Cambricon Technologies'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 )
=-960.904 * ( 1 - -0.02% )/( (1336.35 + 1406.01)/ 2 )
=-961.0961808/1371.18
=-70.09 %

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))
=6418.036 - 427.708 - ( 4653.978 - max(0, 463.181 - 5647.517+4653.978))
=1336.35

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))
=6103.963 - 330.123 - ( 4367.83 - max(0, 352.788 - 5349.848+4367.83))
=1406.01

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

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

Cambricon Technologies'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 )
=-921.604/( ( (291.775 + max(499.737, 0)) + (267.309 + max(590.811, 0)) )/ 2 )
=-921.604/( ( 791.512 + 858.12 )/ 2 )
=-921.604/824.816
=-111.73 %

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)
=(643.921 + 99.401 + 184.42) - (427.708 + 0 + 0.29699999999997)
=499.737

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(542.607 + 128.881 + 250.878) - (330.123 + 0 + 1.432)
=590.811

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:

Cambricon Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-840.347/67267.240
=-1.25 %

* 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.


Cambricon Technologies EBIT Related Terms

Thank you for viewing the detailed overview of Cambricon Technologies's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cambricon Technologies (SHSE:688256) Business Description

Traded in Other Exchanges
N/A
Address
No. 7 Zhichun Road, 11th, 14th, 16th floors, Block D, Zhizheng Building, Haidian District, Beijing, CHN, 100191
Cambricon Technologies Corp Ltd is engaged in design and sales of artificial intelligence core chips in various cloud servers, edge computing equipment, and terminal equipment provide customers with rich chip products and system software solutions.
Executives
Liu Dao Fu Core technical personnel
Ye Hao Yin Directors, senior managers
Chen Tian Shi Directors, senior managers, core technical personn

Cambricon Technologies (SHSE:688256) Headlines

No Headlines