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Vats Liquor Chain Store Management JSC (SZSE:300755) EBIT : ¥363 Mil (TTM As of Mar. 2024)


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What is Vats Liquor Chain Store Management JSC EBIT?

Vats Liquor Chain Store Management JSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥178 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥363 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vats Liquor Chain Store Management JSC's annualized ROC % for the quarter that ended in Mar. 2024 was 14.31%. Vats Liquor Chain Store Management JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vats Liquor Chain Store Management JSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.83%.


Vats Liquor Chain Store Management JSC EBIT Historical Data

The historical data trend for Vats Liquor Chain Store Management JSC'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.

Vats Liquor Chain Store Management JSC EBIT Chart

Vats Liquor Chain Store Management JSC 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 423.09 496.55 841.33 455.70 307.54

Vats Liquor Chain Store Management JSC 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 121.82 69.52 99.72 16.48 177.55

Competitive Comparison of Vats Liquor Chain Store Management JSC's EBIT

For the Beverages - Wineries & Distilleries subindustry, Vats Liquor Chain Store Management JSC'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.


Vats Liquor Chain Store Management JSC's EV-to-EBIT Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Vats Liquor Chain Store Management JSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vats Liquor Chain Store Management JSC's EV-to-EBIT falls into.



Vats Liquor Chain Store Management JSC 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 ¥363 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.


Vats Liquor Chain Store Management JSC  (SZSE:300755) EBIT Explanation

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

Vats Liquor Chain Store Management JSC'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 )
=713.492 * ( 1 - 17.6% )/( (4680.091 + 3536.428)/ 2 )
=587.917408/4108.2595
=14.31 %

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))
=7251.488 - 1478.21 - ( 1093.187 - max(0, 3290.296 - 6672.616+1093.187))
=4680.091

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))
=7409.339 - 2099.585 - ( 1773.326 - max(0, 3465.686 - 6842.253+1773.326))
=3536.428

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

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

Vats Liquor Chain Store Management JSC'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 )
=710.196/( ( (310.968 + max(3539.385, 0)) + (308.949 + max(2763.598, 0)) )/ 2 )
=710.196/( ( 3850.353 + 3072.547 )/ 2 )
=710.196/3461.45
=20.52 %

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)
=(207.977 + 3354.534 + 1927.467) - (1478.21 + 0 + 472.383)
=3539.385

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(250.358 + 2882.24 + 1865.456) - (2099.585 + 0 + 134.871)
=2763.598

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:

Vats Liquor Chain Store Management JSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=363.273/6234.125
=5.83 %

* 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.


Vats Liquor Chain Store Management JSC EBIT Related Terms

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Vats Liquor Chain Store Management JSC (SZSE:300755) Business Description

Traded in Other Exchanges
N/A
Address
Central District of Shangri-La Economic Development Zone, Yunnan Province, Diqing Tibetan Autonomous Prefecture, CHN, 100062
Vats Liquor Chain Store Management JSC Ltd is engaged in distribution of wines such as feitian maotai, maotai aged wine and ordinary wuliangye.
Executives
Yang Wu Yong Directors, executives
Yang Qiang Executives
Peng Yu Qing Director
Liang Fang Bin Directors, executives
Li Wei Directors, executives
Zhang Jing Supervisors
Lei Guang Yong Independent director
Huang Fei Executives
Yan Tao Director

Vats Liquor Chain Store Management JSC (SZSE:300755) Headlines

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