Fangda Special Steel Technology Co (SHSE:600507) EBIT : ¥546 Mil (TTM As of Sep. 2024)

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What is Fangda Special Steel Technology Co EBIT?

Fangda Special Steel Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥546 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fangda Special Steel Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was -2.02%. Fangda Special Steel Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 23.18%.

Fangda Special Steel Technology Co EBIT Historical Data

The historical data trend for Fangda Special Steel Technology 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.

Fangda Special Steel Technology Co EBIT Chart

Fangda Special Steel Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,367.67

3,100.36

3,677.24

1,398.06

1,028.85

Fangda Special Steel Technology 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															399.22	208.97	114.71	185.79	36.73

Competitive Comparison of Fangda Special Steel Technology Co's EBIT

For the Steel subindustry, Fangda Special Steel Technology 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.

Fangda Special Steel Technology Co's EV-to-EBIT Distribution in the Steel Industry

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

* The bar in red indicates where Fangda Special Steel Technology Co's EV-to-EBIT falls into.

Fangda Special Steel Technology 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 ¥546 Mil.

Fangda Special Steel Technology Co (SHSE:600507) EBIT Explanation

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

Fangda Special Steel Technology 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 )
=	-268.256 * ( 1 - 21.83% )	/	( (10371.044	+	10358.106)	/ 2 )
=	-209.6957152	/	10364.575
=	-2.02 %

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	))
=	22540.554	-	10744.069	-	( 9332.108	-	max(0, 12079.616	-	13505.057	+	9332.108	))
=	10371.044

	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	))
=	22033.343	-	10207.352	-	( 8730.136	-	max(0, 11656.157	-	13124.042	+	8730.136	))
=	10358.106

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

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

Fangda Special Steel Technology 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 )
=	146.9	/	( ( (4054.928 + max(-8564.438, 0))	+	(3495.848 + max(-7975.67, 0)) )	/	2 )
=	146.9	/	( ( 4054.928	+	3495.848 )	/	2 )
=	146.9	/	3775.388
=	3.89 %

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)
=	(1053.79	+	1591.578	+	558.072)	-	(10744.069	+	0	+	1023.809)
=	-8564.438

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(904.622	+	1474.09	+	959.435)	-	(10207.352	+	0	+	1106.465)
=	-7975.67

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:

Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	546.19	/	2355.973
	=	23.18 %

Fangda Special Steel Technology Co EBIT Related Terms

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Fangda Special Steel Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fangda Special Steel Technology Co Ltd (SHSE:600507) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 475 Yanjin Avenue, Qingshanhu District, Nanchang, Jiangxi, CHN, 330012

Website

http://www.fangda-specialsteels.com

Fangda Special Steel Technology Co Ltd is mainly engaged in the production and distribution of iron and steel products. It is also involved in processing coke crafts, sintering, smelting iron, steel-making, and steel rolling. The company's products include the automotive leaf springs, deformed steel bars, spring flat steels, round springs, shock absorbers, spring special equipment, auto parts, and molds.

Executives

Li Hong Wei	Director
Wu Xiao	senior management
Xie Fei Ming	Director
Yin Ai Guo	Director
Huang Zhi Hua	Director
Rao Dong Yun	Director
Ju Qi Ping	Director
Ao Xin Hua	Director
Wu Feng	senior management
Tan Zhao Chun	Director
Song Ying	Director
Zhong Chong Wu	Director
Tian Xiao Long	senior management
Wang Chun Lei	senior management
Liu De Ming	senior management

Fangda Special Steel Technology Co Headlines

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