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Far East Smarter Energy Co (SHSE:600869) EBIT : ¥168 Mil (TTM As of Sep. 2024)


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What is Far East Smarter Energy Co EBIT?

Far East Smarter Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥122 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥168 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Far East Smarter Energy Co's annualized ROC % for the quarter that ended in Sep. 2024 was 3.17%. Far East Smarter Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Far East Smarter Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.08%.


Far East Smarter Energy Co EBIT Historical Data

The historical data trend for Far East Smarter Energy 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.

Far East Smarter Energy Co EBIT Chart

Far East Smarter Energy 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 548.94 -1,146.93 1,001.34 955.14 757.07

Far East Smarter Energy 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 156.16 36.02 112.51 -102.85 122.08

Competitive Comparison of Far East Smarter Energy Co's EBIT

For the Electrical Equipment & Parts subindustry, Far East Smarter Energy 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.


Far East Smarter Energy Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Far East Smarter Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Far East Smarter Energy Co's EV-to-EBIT falls into.



Far East Smarter Energy 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 ¥168 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.


Far East Smarter Energy Co  (SHSE:600869) EBIT Explanation

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

Far East Smarter Energy 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 )
=818.544 * ( 1 - 45.66% )/( (13987.412 + 14059.57)/ 2 )
=444.7968096/14023.491
=3.17 %

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))
=21237.2 - 6851.462 - ( 3149.093 - max(0, 14456.823 - 14855.149+3149.093))
=13987.412

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))
=21007.278 - 6600.854 - ( 2801.902 - max(0, 14228.992 - 14575.846+2801.902))
=14059.57

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

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

Far East Smarter Energy 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 )
=488.316/( ( (3976.332 + max(1200.482, 0)) + (4036.401 + max(1399.088, 0)) )/ 2 )
=488.316/( ( 5176.814 + 5435.489 )/ 2 )
=488.316/5306.1515
=9.20 %

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)
=(5676.596 + 3060.613 + 903.537) - (6851.462 + 0 + 1588.802)
=1200.482

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5655.29 + 3245.839 + 845.176) - (6600.854 + 0 + 1746.363)
=1399.088

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:

Far East Smarter Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=167.755/15468.189
=1.08 %

* 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.


Far East Smarter Energy Co EBIT Related Terms

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Far East Smarter Energy Co Business Description

Traded in Other Exchanges
N/A
Address
No.8, Yuandong Road, Gaocheng Town, Yixing, Jiangsu, CHN, 214257
Far East Smarter Energy Co Ltd operates as a wire and cable manufacturer in China. The company is mainly engaged in system development, design, manufacturing, marketing and service of four major types of cable products, such as overhead wires, power cables, wire and cable for electrical equipment, and special cables. Its products are widely used in smart power, smart transportation, intelligent energy intelligent construction and other fields.
Executives
Jiang Xi Pei Director
Jiang Hua Jun Director
Chen Jing Director
Jiang Guo Jian Supervisors
Chen Jin Long Supervisors
Zhang Xi Lan Director
Wang Chuan Bin Director
Li Tai Yan Director
Jiang Su Wen senior management
Wang Zheng Director
Shao Liang Supervisors
Kuang Guang Zheng Supervisors
Gan Xing Zhong senior management
Jiang Cheng Zhi Director
Zhu Zhang Biao senior management

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