Jinpan International (FRA:3QN) EBIT : €16.0 Mil (TTM As of Sep. 2015)

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What is Jinpan International EBIT?

Jinpan International's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was €3.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was €16.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jinpan International's annualized ROC % for the quarter that ended in Sep. 2015 was 4.22%. Jinpan International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 6.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jinpan International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 19.18%.

Jinpan International EBIT Historical Data

The historical data trend for Jinpan International'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.

Jinpan International EBIT Chart

Jinpan International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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13.46

21.98

13.93

15.87

16.51

Jinpan International Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
EBIT	Get a 7-Day Free Trial															4.52	4.33	1.98	6.12	3.55

Competitive Comparison of Jinpan International's EBIT

For the Electronic Components subindustry, Jinpan International'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.

Jinpan International's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinpan International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jinpan International's EV-to-EBIT falls into.

Jinpan International 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 Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €16.0 Mil.

Jinpan International (FRA:3QN) EBIT Explanation

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

Jinpan International's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	13.332 * ( 1 - 14.14% )	/	( (276.778	+	265.742)	/ 2 )
=	11.4468552	/	271.26
=	4.22 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	357.983	-	66.541	-	( 14.664	-	max(0, 124.782	-	268.601	+	14.664	))
=	276.778

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	359.918	-	67.65	-	( 26.526	-	max(0, 129.772	-	275.079	+	26.526	))
=	265.742

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

Jinpan International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.184	/	( ( (64.382 + max(147.162, 0))	+	(60.552 + max(142.856, 0)) )	/	2 )
=	14.184	/	( ( 211.544	+	203.408 )	/	2 )
=	14.184	/	207.476
=	6.84 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(152.942	+	57.385	+	24.082)	-	(66.541	+	20.706	+	0)
=	147.162

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(152.605	+	56.409	+	21.932)	-	(67.65	+	20.44	+	-2.8421709430404E-14)
=	142.856

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

Jinpan International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2015 )
	=	15.97	/	83.258
	=	19.18 %

Jinpan International EBIT Related Terms

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Jinpan International (FRA:3QN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinpan International Ltd (FRA:3QN) » Definitions » EBIT

Traded in Other Exchanges

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Address

Website

http://www.jst.com.cn

Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

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