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Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) EBIT : ¥473 Mil (TTM As of Mar. 2024)


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What is Qingdao Hiron Commercial Cold Chain Co EBIT?

Qingdao Hiron Commercial Cold Chain Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥141 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥473 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Qingdao Hiron Commercial Cold Chain Co's annualized ROC % for the quarter that ended in Mar. 2024 was 22.13%. Qingdao Hiron Commercial Cold Chain Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 35.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Qingdao Hiron Commercial Cold Chain Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.09%.


Qingdao Hiron Commercial Cold Chain Co EBIT Historical Data

The historical data trend for Qingdao Hiron Commercial Cold Chain 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.

Qingdao Hiron Commercial Cold Chain Co EBIT Chart

Qingdao Hiron Commercial Cold Chain 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 253.37 325.22 278.96 340.84 479.39

Qingdao Hiron Commercial Cold Chain 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 147.90 204.24 78.94 48.30 141.32

Competitive Comparison of Qingdao Hiron Commercial Cold Chain Co's EBIT

For the Business Equipment & Supplies subindustry, Qingdao Hiron Commercial Cold Chain 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.


Qingdao Hiron Commercial Cold Chain Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Hiron Commercial Cold Chain Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Qingdao Hiron Commercial Cold Chain Co's EV-to-EBIT falls into.



Qingdao Hiron Commercial Cold Chain 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 ¥473 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.


Qingdao Hiron Commercial Cold Chain Co  (SHSE:603187) EBIT Explanation

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

Qingdao Hiron Commercial Cold Chain 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 )
=565.296 * ( 1 - 14.03% )/( (2060.531 + 2331.491)/ 2 )
=485.9849712/2196.011
=22.13 %

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))
=5638.135 - 1462.956 - ( 2114.648 - max(0, 1557.148 - 4146.24+2114.648))
=2060.531

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))
=5694.182 - 1435.324 - ( 1927.367 - max(0, 1526.02 - 4235.165+1927.367))
=2331.491

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

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

Qingdao Hiron Commercial Cold Chain 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 )
=565.296/( ( (995.737 + max(457.566, 0)) + (1011.623 + max(763.418, 0)) )/ 2 )
=565.296/( ( 1453.303 + 1775.041 )/ 2 )
=565.296/1614.172
=35.02 %

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)
=(1263.501 + 688.551 + 62.592999999999) - (1462.956 + 0 + 94.123)
=457.566

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1571.607 + 659.281 + 58.487) - (1435.324 + 0 + 90.633)
=763.418

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:

Qingdao Hiron Commercial Cold Chain Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=472.807/3355.694
=14.09 %

* 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.


Qingdao Hiron Commercial Cold Chain Co EBIT Related Terms

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Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Business Description

Traded in Other Exchanges
N/A
Address
No. 1817, Yinzhushan Road, Huangdao District, Shandong, Qingdao, CHN, 266400
Qingdao Hiron Commercial Cold Chain Co Ltd is engaged in research and development, production, sales and service of commercial cold chain equipment. The company has a wide range of product types, including horizontal curved door freezer display cabinets, horizontal flat door freezer display cabinets, vertical freezer display cabinets, vertical refrigerated display cabinets, horizontal flat door refrigerated display cabinets, island cabinets, and air curtains.
Executives
Wang Yan Rong Director
Wang Cun Jiang Director
Zhao Ding Yong Director
Ma Hong Kui Director
Zhao Qi Director

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