Gansu Jingang Solar Co (SZSE:300093) EBIT : ¥-363.7 Mil (TTM As of Mar. 2024)

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What is Gansu Jingang Solar Co EBIT?

Gansu Jingang Solar Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-77.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-363.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gansu Jingang Solar Co's annualized ROC % for the quarter that ended in Mar. 2024 was -10.33%. Gansu Jingang Solar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -12.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gansu Jingang Solar Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -7.37%.

Gansu Jingang Solar Co EBIT Historical Data

The historical data trend for Gansu Jingang Solar 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.

Gansu Jingang Solar Co EBIT Chart

Gansu Jingang Solar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-77.07

-115.93

-164.34

-207.15

-311.48

Gansu Jingang Solar 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															-25.41	-52.26	-51.68	-182.13	-77.59

Competitive Comparison of Gansu Jingang Solar Co's EBIT

For the Building Products & Equipment subindustry, Gansu Jingang Solar 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.

Gansu Jingang Solar Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Gansu Jingang Solar Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gansu Jingang Solar Co's EV-to-EBIT falls into.

Gansu Jingang Solar 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 ¥-363.7 Mil.

Gansu Jingang Solar Co (SZSE:300093) EBIT Explanation

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

Gansu Jingang Solar 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 )
=	-305.2 * ( 1 - 0% )	/	( (3019.145	+	2889.227)	/ 2 )
=	-305.2	/	2954.186
=	-10.33 %

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	))
=	2910.689	-	1378.574	-	( 71.189	-	max(0, 1793.233	-	306.203	+	71.189	))
=	3019.145

	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	))
=	2835.344	-	1782.378	-	( 63.36	-	max(0, 2144.142	-	307.881	+	63.36	))
=	2889.227

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

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

Gansu Jingang Solar 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 )
=	-310.348	/	( ( (2415.762 + max(-1182.785, 0))	+	(2421.333 + max(-1632.056, 0)) )	/	2 )
=	-310.348	/	( ( 2415.762	+	2421.333 )	/	2 )
=	-310.348	/	2418.5475
=	-12.83 %

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)
=	(37.766	+	123.665	+	59.064)	-	(1378.574	+	0	+	24.706)
=	-1182.785

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.713	+	118.336	+	78.321)	-	(1782.378	+	0	+	78.048)
=	-1632.056

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:

Gansu Jingang Solar Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-363.657	/	4933.825
	=	-7.37 %

Gansu Jingang Solar Co EBIT Related Terms

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Gansu Jingang Solar Co (SZSE:300093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gansu Jingang Solar Co Ltd (SZSE:300093) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xiyuanjing 5th Road, Room 2-12, 2nd Floor, Chuangye Building, Economic and Technological Development Zone, Suzhou District, Gansu Province, Jiuquan, CHN, 215200

Website

https://www.golden-glass.com

Gansu Jingang Solar Co Ltd formerly Gansu Golden Glass Technologies Ltd is engaged in research, development, and sale of high end special building glass. The products offered by the company include super tough fire resistant glass, blast resistant glass, and hurricane resistant glass.

Executives

Yan Chun Lai	Directors, executives
Lin Wen Qing	Directors, executives
Wang Shou Ren	Independent director
Jiang Yi Gang	Director

Gansu Jingang Solar Co (SZSE:300093) Headlines

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