Nanjing Chervon Auto Precision Technology Co (SHSE:603982) EBIT : ¥-483 Mil (TTM As of Mar. 2024)

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What is Nanjing Chervon Auto Precision Technology Co EBIT?

Nanjing Chervon Auto Precision Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-113 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-483 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nanjing Chervon Auto Precision Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -5.55%. Nanjing Chervon Auto Precision Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -9.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nanjing Chervon Auto Precision Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -9.31%.

Nanjing Chervon Auto Precision Technology Co EBIT Historical Data

The historical data trend for Nanjing Chervon Auto Precision Technology 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.

Nanjing Chervon Auto Precision Technology Co EBIT Chart

Nanjing Chervon Auto Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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123.12

148.09

146.50

-126.04

-476.15

Nanjing Chervon Auto Precision Technology 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															-106.68	-108.37	-118.31	-142.78	-113.25

Competitive Comparison of Nanjing Chervon Auto Precision Technology Co's EBIT

For the Auto Parts subindustry, Nanjing Chervon Auto Precision Technology 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.

Nanjing Chervon Auto Precision Technology Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nanjing Chervon Auto Precision Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nanjing Chervon Auto Precision Technology Co's EV-to-EBIT falls into.

Nanjing Chervon Auto Precision Technology 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 ¥-483 Mil.

Nanjing Chervon Auto Precision Technology Co (SHSE:603982) EBIT Explanation

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

Nanjing Chervon Auto Precision Technology 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 )
=	-371.232 * ( 1 - 9.97% )	/	( (6008.603	+	6026.39)	/ 2 )
=	-334.2201696	/	6017.4965
=	-5.55 %

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	))
=	6793.671	-	853.55	-	( 566.103	-	max(0, 2530.53	-	2462.048	+	566.103	))
=	6008.603

	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	))
=	6863.33	-	788.795	-	( 684.088	-	max(0, 2438.811	-	2486.956	+	684.088	))
=	6026.39

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

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

Nanjing Chervon Auto Precision Technology 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 )
=	-453.004	/	( ( (3716.134 + max(791.133, 0))	+	(3881.592 + max(884.431, 0)) )	/	2 )
=	-453.004	/	( ( 4507.267	+	4766.023 )	/	2 )
=	-453.004	/	4636.645
=	-9.77 %

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)
=	(807.834	+	786.232	+	82.204)	-	(853.55	+	0	+	31.587)
=	791.133

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(788.163	+	797.954	+	112.59)	-	(788.795	+	0	+	25.481)
=	884.431

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:

Nanjing Chervon Auto Precision Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-482.714	/	5182.276
	=	-9.31 %

Nanjing Chervon Auto Precision Technology Co EBIT Related Terms

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Nanjing Chervon Auto Precision Technology Co (SHSE:603982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nanjing Chervon Auto Precision Technology Co Ltd (SHSE:603982) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 159, Jiangjun Avenue, Fuling Street, Jiangning District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.chervonauto.com

Nanjing Chervon Auto Precision Technology Co Ltd is a China based company operates in automotive business. It is engaged in research, development, production and sales of key automotive components.

Executives

Zhang Lin Hu	senior management
Liu Zhi Wen	senior management

Nanjing Chervon Auto Precision Technology Co (SHSE:603982) Headlines

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