GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (HKSE:00323) » Definitions » EBIT

Maanshan Iron And Steel Co (HKSE:00323) EBIT : HK$-2,050 Mil (TTM As of Sep. 2024)


View and export this data going back to 1993. Start your Free Trial

What is Maanshan Iron And Steel Co EBIT?

Maanshan Iron And Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was HK$-1,412 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-2,050 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maanshan Iron And Steel Co's annualized ROC % for the quarter that ended in Sep. 2024 was -6.75%. Maanshan Iron And Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -10.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maanshan Iron And Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.63%.


Maanshan Iron And Steel Co EBIT Historical Data

The historical data trend for Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co EBIT Chart

Maanshan Iron And Steel 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 3,433.85 4,414.67 9,391.58 -98.00 -1,192.19

Maanshan Iron And Steel Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 812.56 308.72 -125.81 -821.32 -1,411.57

Competitive Comparison of Maanshan Iron And Steel Co's EBIT

For the Steel subindustry, Maanshan Iron And Steel 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.


Maanshan Iron And Steel Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's EV-to-EBIT falls into.


;
;

Maanshan Iron And Steel 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-2,050 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.


Maanshan Iron And Steel Co  (HKSE:00323) EBIT Explanation

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

Maanshan Iron And Steel Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-5790.572 * ( 1 - -1.12% )/( (85717.746 + 87782.686)/ 2 )
=-5855.4264064/86750.216
=-6.75 %

where

Invested Capital(Q: Jun. 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))
=89921.505 - 27438.962 - ( 7098.755 - max(0, 47091.991 - 23856.788+7098.755))
=85717.746

Invested Capital(Q: Sep. 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))
=89615.326 - 26464.858 - ( 7608.532 - max(0, 47457.114 - 22824.896+7608.532))
=87782.686

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

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

Maanshan Iron And Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5646.276/( ( (55724.717 + max(-18120.387, 0)) + (56277.403 + max(-20163.987, 0)) )/ 2 )
=-5646.276/( ( 55724.717 + 56277.403 )/ 2 )
=-5646.276/56001.06
=-10.08 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1942.256 + 10429.398 + 1191.188) - (27438.962 + 0 + 4244.267)
=-18120.387

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1863.574 + 9027.172 + 860.685) - (26464.858 + 0 + 5450.56)
=-20163.987

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Maanshan Iron And Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-2049.973/44305.966
=-4.63 %

* 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.


Maanshan Iron And Steel Co EBIT Related Terms

Thank you for viewing the detailed overview of Maanshan Iron And Steel Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Maanshan Iron And Steel Co Business Description

Traded in Other Exchanges
Address
No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It focuses on the business of production and sales of iron and steel products and their by-products, and Masteel Finance mainly provides financial services within the Group.
Executives
Baosteel Hong Kong Investment Company Limited 2101 Beneficial owner
Zhong Guo Bao Wu Gang Tie Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Guo Wu Yuan Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui 2201 Interest of corporation controlled by you

Maanshan Iron And Steel Co Headlines

No Headlines