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Minmetals Development Co (SHSE:600058) EBIT : ¥559 Mil (TTM As of Dec. 2024)


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What is Minmetals Development Co EBIT?

Minmetals Development Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥169 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥559 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minmetals Development Co's annualized ROC % for the quarter that ended in Dec. 2024 was -1.06%. Minmetals Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 26.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Minmetals Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 9.17%.


Minmetals Development Co EBIT Historical Data

The historical data trend for Minmetals Development 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.

Minmetals Development Co EBIT Chart

Minmetals Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 673.26 1,101.33 909.25 735.90 558.84

Minmetals Development Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 234.73 -89.97 308.05 171.96 168.80

Competitive Comparison of Minmetals Development Co's EBIT

For the Steel subindustry, Minmetals Development 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.


Minmetals Development Co's EV-to-EBIT Distribution in the Steel Industry

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

* The bar in red indicates where Minmetals Development Co's EV-to-EBIT falls into.


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Minmetals Development 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥559 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.


Minmetals Development Co  (SHSE:600058) EBIT Explanation

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

Minmetals Development Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1512.232 * ( 1 - 107.72% )/( (14004.286 + 8052.631)/ 2 )
=-116.7443104/11028.4585
=-1.06 %

where

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))
=27671.55 - 11568.352 - ( 2098.912 - max(0, 19238.215 - 24695.199+2098.912))
=14004.286

Invested Capital(Q: Dec. 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))
=23908.78 - 12941.962 - ( 2914.187 - max(0, 16013.453 - 21029.23+2914.187))
=8052.631

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

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

Minmetals Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=675.2/( ( (1149.929 + max(2737.105, 0)) + (1142.487 + max(-1261.161, 0)) )/ 2 )
=675.2/( ( 3887.034 + 1142.487 )/ 2 )
=675.2/2514.7605
=26.85 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10399.86 + 4779.486 + 3694.463) - (11568.352 + 0 + 4568.352)
=2737.105

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8685.557 + 2552.186 + 2686.125) - (12941.962 + 0 + 2243.067)
=-1261.161

When net working capital is negative, 0 is used.

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

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

Minmetals Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=558.843/6095.633
=9.17 %

* 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.


Minmetals Development Co EBIT Related Terms

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Minmetals Development Co Business Description

Traded in Other Exchanges
N/A
Address
Building B, No. 5 Sanlihe Road, Haiding District, Beijing, CHN, 100044
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
Executives
Zong Qing Sheng Director
Xu Qiang senior management
Ren Jian Hua senior management
Chen Shao Rong senior management
Feng Gui Quan senior management
Cui Qing Lian senior management
Yao Zi Ping Director
Zhang Yuan Rong Director
Yu Min Supervisors
Zhou Zhong Shu Director
Lu Shao Bo Supervisors
Gao Yong senior management
Wang Zhong Liang senior management

Minmetals Development Co Headlines

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