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JL Mag Rare-Earth Co (SZSE:300748) EBIT : ¥665 Mil (TTM As of Dec. 2023)


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What is JL Mag Rare-Earth Co EBIT?

JL Mag Rare-Earth Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥665 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JL Mag Rare-Earth Co's annualized ROC % for the quarter that ended in Dec. 2023 was 5.26%. JL Mag Rare-Earth Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. JL Mag Rare-Earth Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.38%.


JL Mag Rare-Earth Co EBIT Historical Data

The historical data trend for JL Mag Rare-Earth 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.

JL Mag Rare-Earth Co EBIT Chart

JL Mag Rare-Earth 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 216.66 337.32 587.80 833.28 665.36

JL Mag Rare-Earth Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 37.60 203.40 184.65 186.98 90.32

Competitive Comparison of JL Mag Rare-Earth Co's EBIT

For the Metal Fabrication subindustry, JL Mag Rare-Earth 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.


JL Mag Rare-Earth Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where JL Mag Rare-Earth Co's EV-to-EBIT falls into.



JL Mag Rare-Earth 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥665 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.


JL Mag Rare-Earth Co  (SZSE:300748) EBIT Explanation

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

JL Mag Rare-Earth Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=267.408 * ( 1 - 14.34% )/( (4268.184 + 4449.224)/ 2 )
=229.0616928/4358.704
=5.26 %

where

Invested Capital(Q: Sep. 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))
=11396.576 - 3011.617 - ( 4116.775 - max(0, 3660.885 - 9038.944+4116.775))
=4268.184

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))
=11825.954 - 3281.46 - ( 4095.27 - max(0, 3983.495 - 8836.264+4095.27))
=4449.224

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

JL Mag Rare-Earth Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=361.296/( ( (2003.8 + max(1148.558, 0)) + (2488.866 + max(755.947, 0)) )/ 2 )
=361.296/( ( 3152.358 + 3244.813 )/ 2 )
=361.296/3198.5855
=11.30 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2101.767 + 1959.54 + 287.281) - (3011.617 + 0 + 188.413)
=1148.558

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1980.548 + 2213.18 + 137.36) - (3281.46 + 0 + 293.681)
=755.947

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

JL Mag Rare-Earth Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=665.356/15189.808
=4.38 %

* 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.


JL Mag Rare-Earth Co EBIT Related Terms

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JL Mag Rare-Earth Co (SZSE:300748) Business Description

Traded in Other Exchanges
Address
81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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