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Yongxing Special Materials Technology Co (SZSE:002756) EBIT : ¥3,627 Mil (TTM As of Mar. 2024)


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What is Yongxing Special Materials Technology Co EBIT?

Yongxing Special Materials Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥576 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥3,627 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yongxing Special Materials Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 39.90%. Yongxing Special Materials Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 78.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yongxing Special Materials Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.67%.


Yongxing Special Materials Technology Co EBIT Historical Data

The historical data trend for Yongxing Special Materials 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.

Yongxing Special Materials Technology Co EBIT Chart

Yongxing Special Materials Technology 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 416.77 341.87 1,018.26 7,665.58 4,210.43

Yongxing Special Materials 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 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 1,159.28 1,198.16 1,406.01 446.97 575.68

Competitive Comparison of Yongxing Special Materials Technology Co's EBIT

For the Steel subindustry, Yongxing Special Materials 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.


Yongxing Special Materials Technology Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yongxing Special Materials Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yongxing Special Materials Technology Co's EV-to-EBIT falls into.



Yongxing Special Materials 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 ¥3,627 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.


Yongxing Special Materials Technology Co  (SZSE:002756) EBIT Explanation

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

Yongxing Special Materials 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 )
=2031.856 * ( 1 - 15.62% )/( (3914.762 + 4678.058)/ 2 )
=1714.4800928/4296.41
=39.90 %

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))
=15506.219 - 1882.858 - ( 9764.471 - max(0, 2099.41 - 11808.009+9764.471))
=3914.762

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))
=15946.153 - 1268.543 - ( 10217.987 - max(0, 2262.899 - 12262.451+10217.987))
=4678.058

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

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

Yongxing Special Materials 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 )
=2302.7/( ( (2935.642 + max(-698.849, 0)) + (2931.716 + max(-233.502, 0)) )/ 2 )
=2302.7/( ( 2935.642 + 2931.716 )/ 2 )
=2302.7/2933.679
=78.49 %

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)
=(153.667 + 1095.893 + 149.096) - (1882.858 + 0 + 214.647)
=-698.849

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(305.518 + 763.337 + 107.162) - (1268.543 + 0 + 140.976)
=-233.502

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:

Yongxing Special Materials Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=3626.82/14129.438
=25.67 %

* 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.


Yongxing Special Materials Technology Co EBIT Related Terms

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Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Traded in Other Exchanges
N/A
Address
Yangjiabu, Zhejiang province, Huzhou, CHN, 313005
Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.
Executives
Gao Yi Bin Executives
Yao Guo Hua Executives
Zou Wei Min Director
Xu Feng Directors, executives
Gu Jian Qiang Director
Deng Qian Wen Executives
Gao Xing Jiang Directors, executives
Qiu Jian Rong Directors, executives
Yang Hui Director
Zhou Gui Rong Director
Shen Hui Yu Supervisors
Xu Fa Gen Supervisors
Li Zheng Zhou Director
Li De Chun Director

Yongxing Special Materials Technology Co (SZSE:002756) Headlines

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