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Gaona Aero Material Co (SZSE:300034) EBIT : ¥542 Mil (TTM As of Mar. 2024)


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What is Gaona Aero Material Co EBIT?

Gaona Aero Material Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥542 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gaona Aero Material Co's annualized ROC % for the quarter that ended in Mar. 2024 was 12.43%. Gaona Aero Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 32.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gaona Aero Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.26%.


Gaona Aero Material Co EBIT Historical Data

The historical data trend for Gaona Aero Material 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.

Gaona Aero Material Co EBIT Chart

Gaona Aero Material 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 231.62 288.89 369.61 452.53 473.93

Gaona Aero Material 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 91.46 137.68 140.04 104.75 159.44

Competitive Comparison of Gaona Aero Material Co's EBIT

For the Aerospace & Defense subindustry, Gaona Aero Material 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.


Gaona Aero Material Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Gaona Aero Material Co's EV-to-EBIT falls into.



Gaona Aero Material 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 ¥542 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.


Gaona Aero Material Co  (SZSE:300034) EBIT Explanation

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

Gaona Aero Material 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 )
=658.78 * ( 1 - 16.52% )/( (4151.32 + 4699.832)/ 2 )
=549.949544/4425.576
=12.43 %

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))
=7220.169 - 2099.999 - ( 968.85 - max(0, 2870.621 - 5032.626+968.85))
=4151.32

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))
=7204.184 - 1957.123 - ( 547.229 - max(0, 2735.605 - 4924.991+547.229))
=4699.832

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

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

Gaona Aero Material 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 )
=637.764/( ( (1190.561 + max(310.166, 0)) + (1340.806 + max(1055.655, 0)) )/ 2 )
=637.764/( ( 1500.727 + 2396.461 )/ 2 )
=637.764/1948.594
=32.73 %

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)
=(1127.609 + 1634.588 + 94.955) - (2099.999 + 0 + 446.987)
=310.166

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1546.945 + 1793.964 + 115.178) - (1957.123 + 0 + 443.309)
=1055.655

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:

Gaona Aero Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=541.913/12735.587
=4.26 %

* 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.


Gaona Aero Material Co EBIT Related Terms

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Gaona Aero Material Co (SZSE:300034) Business Description

Traded in Other Exchanges
N/A
Address
No. 19 Daliushu South Village, Haidian District, Beijing, Beijing, CHN, 100081
Gaona Aero Material Co Ltd is engaged in the research and development, production, and sales of high-temperature materials in aerospace materials. The products of the company include casting alloy products, deformed alloy products which include high-temperature alloy bar, superalloy pipe, powder alloy products which include powder superalloy forgings, and special alloy products which include oxide dispersion strengthening series, friction plate, and porous foam products.
Executives
Yang Jie Executives
Cai Xiao Bao Directors, executives
Zhou Qian Executives
Yin Fa Jie Executives
Zhang Ji Executives
Shao Chong Directors, executives
Ma Hong Jun Securities Affairs Representative
Zhao Ming Han Director
Xu Ruo Gang Supervisors
Ma Zhang Lin Executives
Xu Hong Gui Directors, executives, securities affairs represen
Wang Chen Director

Gaona Aero Material Co (SZSE:300034) Headlines

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