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Hangxiao Steel Structure Co (SHSE:600477) EBIT : ¥414 Mil (TTM As of Sep. 2024)


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What is Hangxiao Steel Structure Co EBIT?

Hangxiao Steel Structure Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥76 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥414 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangxiao Steel Structure Co's annualized ROC % for the quarter that ended in Sep. 2024 was 3.35%. Hangxiao Steel Structure Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangxiao Steel Structure Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.57%.


Hangxiao Steel Structure Co EBIT Historical Data

The historical data trend for Hangxiao Steel Structure 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.

Hangxiao Steel Structure Co EBIT Chart

Hangxiao Steel Structure 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 601.17 956.40 626.06 337.54 500.25

Hangxiao Steel Structure 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 91.80 90.79 114.61 131.99 76.12

Competitive Comparison of Hangxiao Steel Structure Co's EBIT

For the Steel subindustry, Hangxiao Steel Structure 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.


Hangxiao Steel Structure Co's EV-to-EBIT Distribution in the Steel Industry

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

* The bar in red indicates where Hangxiao Steel Structure Co's EV-to-EBIT falls into.


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Hangxiao Steel Structure 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 ¥414 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.


Hangxiao Steel Structure Co  (SHSE:600477) EBIT Explanation

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

Hangxiao Steel Structure 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 )
=315.588 * ( 1 - -16.67% )/( (10917.194 + 11081.323)/ 2 )
=368.1965196/10999.2585
=3.35 %

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))
=16218.263 - 4637.343 - ( 663.726 - max(0, 8990.144 - 10520.848+663.726))
=10917.194

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))
=16030.583 - 4409.281 - ( 539.979 - max(0, 8843.399 - 10237.599+539.979))
=11081.323

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

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

Hangxiao Steel Structure 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 )
=304.492/( ( (3405.912 + max(-1264.487, 0)) + (3500.117 + max(-1266.629, 0)) )/ 2 )
=304.492/( ( 3405.912 + 3500.117 )/ 2 )
=304.492/3453.0145
=8.82 %

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)
=(2928.183 + 650.104 + 449.145) - (4637.343 + 0 + 654.576)
=-1264.487

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2743.142 + 623.481 + 456.117) - (4409.281 + 0 + 680.088)
=-1266.629

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:

Hangxiao Steel Structure Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=413.51/11588.519
=3.57 %

* 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.


Hangxiao Steel Structure Co EBIT Related Terms

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Hangxiao Steel Structure Co Business Description

Traded in Other Exchanges
N/A
Address
Middle Zhonghe Road, Floor 3,5,7, Ruifeng Building, No. 258, Hangzhou, Zhejiang, CHN, 310003
Hangxiao Steel Structure Co Ltd is engaged in the design, manufacture, and installation of steel structure in China. It manufactures high rise steel structure, light steel structure, space steel structure, steel beam, steel truss; steel floor deck; steel purlin and residential steel structure projects.
Executives
Dan Ji Hua senior management
Wang Ai Min senior management
Dan Yin Mu Director
Xu Qiong senior management
Zhang Zhen Yong Director
Guo Li Xiang senior management
Zhou Bin senior management
Lu Yong Jun Directors, senior managers
Ying Ying Supervisors
Cai Lu Lu senior management
Chen Rui senior management
Zhao Chong Fu Supervisors
Zhou Zi Fan senior management

Hangxiao Steel Structure Co Headlines

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