Shanxi Changcheng Microlight Equipment Co (HKSE:08286) EBIT : HK$-4.29 Mil (TTM As of Mar. 2024)

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What is Shanxi Changcheng Microlight Equipment Co EBIT?

Shanxi Changcheng Microlight Equipment Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was HK$-2.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-4.29 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanxi Changcheng Microlight Equipment Co's annualized ROC % for the quarter that ended in Mar. 2024 was -3.54%. Shanxi Changcheng Microlight Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanxi Changcheng Microlight Equipment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.33%.

Shanxi Changcheng Microlight Equipment Co EBIT Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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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Shanxi Changcheng Microlight Equipment Co EBIT Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1.18

-22.31

-39.25

17.31

-1.58

Shanxi Changcheng Microlight Equipment 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															0.64	6.31	0.12	-8.63	-2.10

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's EBIT

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's EV-to-EBIT falls into.

Shanxi Changcheng Microlight Equipment 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 HK$-4.29 Mil.

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) EBIT Explanation

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

Shanxi Changcheng Microlight Equipment 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 )
=	-11.124 * ( 1 - 0% )	/	( (314.632	+	0)	/ 1 )
=	-11.124	/	314.632
=	-3.54 %

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	))
=	187.769	-	40.844	-	( 0.303	-	max(0, 210.651	-	42.944	+	0.303	))
=	314.632

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

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

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

Shanxi Changcheng Microlight Equipment 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 )
=	-8.4	/	( ( (134.902 + max(-164.408, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-8.4	/	( ( 134.902	+	0 )	/	1 )
=	-8.4	/	134.902
=	-6.23 %

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)
=	(18.623	+	14.753	+	0)	-	(40.844	+	0	+	156.94)
=	-164.408

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

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:

Shanxi Changcheng Microlight Equipment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-4.293	/	99.088
	=	-4.33 %

Shanxi Changcheng Microlight Equipment Co EBIT Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

Executives

Cai Zheng	2201 Interest of corporation controlled by you
Kwong Tat Finance Limited	2101 Beneficial owner

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Headlines

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