Advanced Technology & Materials Co (SZSE:000969) EBIT : ¥400 Mil (TTM As of Mar. 2024)

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What is Advanced Technology & Materials Co EBIT?

Advanced Technology & Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥119 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥400 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advanced Technology & Materials Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.26%. Advanced Technology & Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advanced Technology & Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.14%.

Advanced Technology & Materials Co EBIT Historical Data

The historical data trend for Advanced Technology & Materials 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.

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Advanced Technology & Materials Co EBIT Chart

Advanced Technology & Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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295.17

227.20

312.82

329.10

388.96

Advanced Technology & Materials 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															108.02	123.70	72.25	85.00	118.67

Competitive Comparison of Advanced Technology & Materials Co's EBIT

For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials 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.

Advanced Technology & Materials Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Advanced Technology & Materials Co's EV-to-EBIT distribution charts can be found below:

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

Advanced Technology & Materials 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 ¥400 Mil.

Advanced Technology & Materials Co (SZSE:000969) EBIT Explanation

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

Advanced Technology & Materials 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 )
=	462.232 * ( 1 - 13.09% )	/	( (5396.297	+	5670.557)	/ 2 )
=	401.7258312	/	5533.427
=	7.26 %

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	))
=	11370.068	-	3131.221	-	( 2842.55	-	max(0, 3875.509	-	6941.566	+	2842.55	))
=	5396.297

	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	))
=	11184.627	-	3212.446	-	( 2301.624	-	max(0, 3775.533	-	6746.766	+	2301.624	))
=	5670.557

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

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

Advanced Technology & Materials 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 )
=	474.696	/	( ( (3137.585 + max(-97.106000000001, 0))	+	(3105.948 + max(374.493, 0)) )	/	2 )
=	474.696	/	( ( 3137.585	+	3480.441 )	/	2 )
=	474.696	/	3309.013
=	14.35 %

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)
=	(965.308	+	2467.298	+	196.591)	-	(3131.221	+	0	+	595.082)
=	-97.106000000001

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1333.759	+	2499.362	+	180.354)	-	(3212.446	+	0	+	426.536)
=	374.493

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	399.618	/	7769.229
	=	5.14 %

Advanced Technology & Materials Co EBIT Related Terms

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Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.atmcn.com

Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

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