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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) EBIT : ¥53.8 Mil (TTM As of Mar. 2024)


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What is Chengdu Zhonghuan Flow Controls Mfg Co EBIT?

Chengdu Zhonghuan Flow Controls Mfg Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥7.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥53.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chengdu Zhonghuan Flow Controls Mfg Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.70%. Chengdu Zhonghuan Flow Controls Mfg Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chengdu Zhonghuan Flow Controls Mfg Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.16%.


Chengdu Zhonghuan Flow Controls Mfg Co EBIT Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg 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.

Chengdu Zhonghuan Flow Controls Mfg Co EBIT Chart

Chengdu Zhonghuan Flow Controls Mfg 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 50.88 51.81 53.20 50.33 49.98

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 3.76 12.02 19.26 14.94 7.59

Competitive Comparison of Chengdu Zhonghuan Flow Controls Mfg Co's EBIT

For the Specialty Industrial Machinery subindustry, Chengdu Zhonghuan Flow Controls Mfg 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.


Chengdu Zhonghuan Flow Controls Mfg Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chengdu Zhonghuan Flow Controls Mfg Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chengdu Zhonghuan Flow Controls Mfg Co's EV-to-EBIT falls into.



Chengdu Zhonghuan Flow Controls Mfg 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 ¥53.8 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.


Chengdu Zhonghuan Flow Controls Mfg Co  (BJSE:836260) EBIT Explanation

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

Chengdu Zhonghuan Flow Controls Mfg 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 )
=27.284 * ( 1 - 10.12% )/( (314.997 + 322.078)/ 2 )
=24.5228592/318.5375
=7.70 %

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))
=556.66 - 96.244 - ( 145.419 - max(0, 139.542 - 461.645+145.419))
=314.997

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))
=549.261 - 76.668 - ( 150.515 - max(0, 125.564 - 455.994+150.515))
=322.078

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

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

Chengdu Zhonghuan Flow Controls Mfg 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 )
=30.344/( ( (79.01 + max(163.08, 0)) + (78.042 + max(168.594, 0)) )/ 2 )
=30.344/( ( 242.09 + 246.636 )/ 2 )
=30.344/244.363
=12.42 %

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)
=(142.925 + 126.753 + 2.944) - (96.244 + 0 + 13.298)
=163.08

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(113.746 + 146.313 + 4.099) - (76.668 + 0 + 18.896)
=168.594

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:

Chengdu Zhonghuan Flow Controls Mfg Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=53.804/529.779
=10.16 %

* 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.


Chengdu Zhonghuan Flow Controls Mfg Co EBIT Related Terms

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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Traded in Other Exchanges
N/A
Address
No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207
Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Headlines

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