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Suzhou Secote Precision Electronic Co (SHSE:603283) EBIT : ¥861 Mil (TTM As of Mar. 2024)


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What is Suzhou Secote Precision Electronic Co EBIT?

Suzhou Secote Precision Electronic Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥124 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥861 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Suzhou Secote Precision Electronic Co's annualized ROC % for the quarter that ended in Mar. 2024 was 19.03%. Suzhou Secote Precision Electronic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 48.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Suzhou Secote Precision Electronic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.25%.


Suzhou Secote Precision Electronic Co EBIT Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic Co EBIT Chart

Suzhou Secote Precision Electronic 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 153.30 226.24 245.75 376.21 823.60

Suzhou Secote Precision Electronic 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 86.34 43.33 341.65 352.27 123.68

Competitive Comparison of Suzhou Secote Precision Electronic Co's EBIT

For the Specialty Industrial Machinery subindustry, Suzhou Secote Precision Electronic 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.


Suzhou Secote Precision Electronic Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Secote Precision Electronic Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Suzhou Secote Precision Electronic Co's EV-to-EBIT falls into.



Suzhou Secote Precision Electronic 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 ¥861 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.


Suzhou Secote Precision Electronic Co  (SHSE:603283) EBIT Explanation

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

Suzhou Secote Precision Electronic 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 )
=536.408 * ( 1 - 16.91% )/( (2266.768 + 2417.768)/ 2 )
=445.7014072/2342.268
=19.03 %

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))
=4621.424 - 1504.635 - ( 869.114 - max(0, 2263.503 - 3113.524+869.114))
=2266.768

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))
=4743.645 - 1583.967 - ( 741.91 - max(0, 2315.288 - 3098.671+741.91))
=2417.768

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

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

Suzhou Secote Precision Electronic 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 )
=494.712/( ( (894.314 + max(88.519, 0)) + (822.274 + max(217.116, 0)) )/ 2 )
=494.712/( ( 982.833 + 1039.39 )/ 2 )
=494.712/1011.1115
=48.93 %

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)
=(741.019 + 1220.332 + 114.382) - (1504.635 + 0 + 482.579)
=88.519

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(732.411 + 1382.102 + 120.003) - (1583.967 + 0 + 433.433)
=217.116

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:

Suzhou Secote Precision Electronic Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=860.934/13769.701
=6.25 %

* 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.


Suzhou Secote Precision Electronic Co EBIT Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Traded in Other Exchanges
N/A
Address
No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168
Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.
Executives
Yang Wei Director
Director
Chen Xiang Bing Director
Li San Bao Director
Zhao Jian Hua Directors, senior managers
Huang Yuan Yuan senior management
Wang Yong Director
Sun Feng Directors, senior managers
Bie Yuan Feng Supervisors
Sun Quan Supervisors
Lou Hong Wei Director
Liu Yan Wei senior management
Ceng Hui Director
Fu Kai Qiang Director
Liu Hong Ning senior management

Suzhou Secote Precision Electronic Co (SHSE:603283) Headlines

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