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Changyuan Technology Group (SHSE:600525) EBIT : ¥379 Mil (TTM As of Mar. 2024)


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What is Changyuan Technology Group EBIT?

Changyuan Technology Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥379 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changyuan Technology Group's annualized ROC % for the quarter that ended in Mar. 2024 was 0.72%. Changyuan Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changyuan Technology Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.70%.


Changyuan Technology Group EBIT Historical Data

The historical data trend for Changyuan Technology Group'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.

Changyuan Technology Group EBIT Chart

Changyuan Technology Group 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 -492.54 350.02 -866.43 1,382.87 371.62

Changyuan Technology Group 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 79.16 124.86 90.74 76.86 86.19

Competitive Comparison of Changyuan Technology Group's EBIT

For the Specialty Industrial Machinery subindustry, Changyuan Technology Group'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.


Changyuan Technology Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changyuan Technology Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changyuan Technology Group's EV-to-EBIT falls into.



Changyuan Technology Group 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 ¥379 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.


Changyuan Technology Group  (SHSE:600525) EBIT Explanation

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

Changyuan Technology Group'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 )
=382.976 * ( 1 - 76.81% )/( (11533.747 + 13044.234)/ 2 )
=88.8121344/12288.9905
=0.72 %

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))
=15513.458 - 4173.389 - ( 1826.987 - max(0, 8935.217 - 8741.539+1826.987))
=11533.747

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))
=16384.478 - 3891.697 - ( 2450.769 - max(0, 10156.467 - 9605.014+2450.769))
=13044.234

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

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

Changyuan Technology Group'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 )
=344.764/( ( (1206.27 + max(76.570999999999, 0)) + (1231.531 + max(-78.996000000002, 0)) )/ 2 )
=344.764/( ( 1282.841 + 1231.531 )/ 2 )
=344.764/1257.186
=27.42 %

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)
=(3445.182 + 2718.379 + 307.713) - (4173.389 + 0 + 2221.314)
=76.570999999999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3502.544 + 2720.614 + 398.254) - (3891.697 + 0 + 2808.711)
=-78.996000000002

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:

Changyuan Technology Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=378.65/6646.671
=5.70 %

* 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.


Changyuan Technology Group EBIT Related Terms

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Changyuan Technology Group (SHSE:600525) Business Description

Traded in Other Exchanges
N/A
Address
Keyuan Middle Road, Changyuan New Materials Port, Building F, 5th Floor, Nanshan District and High-tech Zone, Guangdong Province, Shenzhen, Guangdong, CHN, 518057
Changyuan Group Ltd specializes in the research, development, and manufacturing of intelligent digitalization of industrial and power systems. The company has two product series namely, test systems and automation equipment, providing comprehensive solutions for the electronics, automotive, medical, new energy, clothing, lighting and other industries. The product portfolio includes power grid protection and automation, smart primary equipment, composite insulator, chip packaging equipment solutions, clothing intelligent equipment, and other products.
Executives
Wu Qi Quan Director
Mao Ming Chun Director
Wang Wei senior management
Xu Cheng Bin Directors, senior managers
Gu Ning senior management
Xu Xiao Wen Director
Lu Er Bing Director
Ni Zhao Hua Director
Huang Yong Wei senior management
Xu Lan Hang senior management
Chen Hong Director
Zhu Qing Hong Supervisors
Liu Dong senior management
Yang Jian Song senior management
Jin Zhi Yong Director

Changyuan Technology Group (SHSE:600525) Headlines

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