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Atlantic China Welding Consumables (SHSE:600558) EBIT : ¥148 Mil (TTM As of Mar. 2024)


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What is Atlantic China Welding Consumables EBIT?

Atlantic China Welding Consumables's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥148 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlantic China Welding Consumables's annualized ROC % for the quarter that ended in Mar. 2024 was 5.75%. Atlantic China Welding Consumables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.68%.


Atlantic China Welding Consumables EBIT Historical Data

The historical data trend for Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables EBIT Chart

Atlantic China Welding Consumables 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 120.94 167.27 134.58 94.53 145.13

Atlantic China Welding Consumables 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 40.82 40.63 23.34 40.34 43.43

Competitive Comparison of Atlantic China Welding Consumables's EBIT

For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.


Atlantic China Welding Consumables's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Atlantic China Welding Consumables's EV-to-EBIT falls into.



Atlantic China Welding Consumables 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 ¥148 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.


Atlantic China Welding Consumables  (SHSE:600558) EBIT Explanation

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

Atlantic China Welding Consumables'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 )
=158.436 * ( 1 - 13% )/( (2375.252 + 2422.138)/ 2 )
=137.83932/2398.695
=5.75 %

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))
=3184.573 - 421.107 - ( 388.214 - max(0, 669.513 - 1790.057+388.214))
=2375.252

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))
=3159.611 - 409.348 - ( 328.125 - max(0, 609.914 - 1770.907+328.125))
=2422.138

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

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

Atlantic China Welding Consumables'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 )
=173.716/( ( (972.649 + max(568.143, 0)) + (968.748 + max(699.196, 0)) )/ 2 )
=173.716/( ( 1540.792 + 1667.944 )/ 2 )
=173.716/1604.368
=10.83 %

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)
=(156.693 + 758.279 + 167.09) - (421.107 + 0 + 92.812)
=568.143

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(361.548 + 659.926 + 143.752) - (409.348 + 0 + 56.682)
=699.196

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:

Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=147.747/3155.631
=4.68 %

* 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.


Atlantic China Welding Consumables EBIT Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010
Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.
Executives
Yang Fang Supervisors
Lan Kun Director

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