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Guangzhou Baiyunshan Pharmaceutical Co., (SZSE:000522) EBIT : ¥434 Mil (TTM As of Dec. 2012)


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What is Guangzhou Baiyunshan Pharmaceutical Co., EBIT?

Guangzhou Baiyunshan Pharmaceutical Co.,'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2012 was ¥89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was ¥434 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangzhou Baiyunshan Pharmaceutical Co.,'s annualized ROC % for the quarter that ended in Dec. 2012 was 11.00%. Guangzhou Baiyunshan Pharmaceutical Co.,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 47.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangzhou Baiyunshan Pharmaceutical Co.,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 3.98%.


Guangzhou Baiyunshan Pharmaceutical Co., EBIT Historical Data

The historical data trend for Guangzhou Baiyunshan Pharmaceutical 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.

Guangzhou Baiyunshan Pharmaceutical Co., EBIT Chart

Guangzhou Baiyunshan Pharmaceutical Co., Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.98 84.72 238.51 314.06 434.21

Guangzhou Baiyunshan Pharmaceutical Co., Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 55.71 119.09 151.12 74.79 89.20

Competitive Comparison of Guangzhou Baiyunshan Pharmaceutical Co.,'s EBIT

For the Drug Manufacturers - General subindustry, Guangzhou Baiyunshan Pharmaceutical 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.


Guangzhou Baiyunshan Pharmaceutical Co.,'s EV-to-EBIT Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Guangzhou Baiyunshan Pharmaceutical Co.,'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangzhou Baiyunshan Pharmaceutical Co.,'s EV-to-EBIT falls into.



Guangzhou Baiyunshan Pharmaceutical 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥434 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.


Guangzhou Baiyunshan Pharmaceutical Co.,  (SZSE:000522) EBIT Explanation

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

Guangzhou Baiyunshan Pharmaceutical Co.,'s annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2012 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=356.804 * ( 1 - 20.26% )/( (2575.351 + 2597.457)/ 2 )
=284.5155096/2586.404
=11.00 %

where

Invested Capital(Q: Sep. 2012 )
=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))
=3544.85 - 652.373 - ( 490.238 - max(0, 1659.858 - 1976.984+490.238))
=2575.351

Invested Capital(Q: Dec. 2012 )
=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))
=3499.515 - 598.282 - ( 395.734 - max(0, 1568.933 - 1872.709+395.734))
=2597.457

Note: The Operating Income data used here is four times the quarterly (Dec. 2012) data.

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

Guangzhou Baiyunshan Pharmaceutical Co.,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2012  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=356.804/( ( (717.72 + max(-145.923, 0)) + (771.069 + max(-63.634, 0)) )/ 2 )
=356.804/( ( 717.72 + 771.069 )/ 2 )
=356.804/744.3945
=47.93 %

where Working Capital is:

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 711.008 + 89.849) - (652.373 + 0 + 294.407)
=-145.923

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 793.972 + 68.544) - (598.282 + 0 + 327.868)
=-63.634

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

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

Guangzhou Baiyunshan Pharmaceutical Co.,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=434.208/10914.900
=3.98 %

* 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.


Guangzhou Baiyunshan Pharmaceutical Co., EBIT Related Terms

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Guangzhou Baiyunshan Pharmaceutical Co., Business Description

Traded in Other Exchanges
N/A
Address
Website
Executives
Zhou Zhi Kui Supervisors
Li Bo Supervisors
Wang Wen Chu Executives
Cheng Ning Supervisors
Wen Xu Director
Yang Jun Supervisors

Guangzhou Baiyunshan Pharmaceutical Co., Headlines

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