Triumph New Energy Co (SHSE:600876) EBIT : ¥565 Mil (TTM As of Mar. 2024)

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What is Triumph New Energy Co EBIT?

Triumph New Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥565 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Triumph New Energy Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.27%. Triumph New Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Triumph New Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.80%.

Triumph New Energy Co EBIT Historical Data

The historical data trend for Triumph New 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.

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Triumph New Energy Co EBIT Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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178.83

654.91

479.87

557.45

585.04

Triumph New Energy 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															47.16	163.27	134.06	240.54	26.73

Competitive Comparison of Triumph New Energy Co's EBIT

For the Building Products & Equipment subindustry, Triumph New 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.

Triumph New Energy Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Triumph New Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Triumph New Energy Co's EV-to-EBIT falls into.

Triumph New 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥565 Mil.

Triumph New Energy Co (SHSE:600876) EBIT Explanation

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

Triumph New Energy 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 )
=	109.968 * ( 1 - 75.14% )	/	( (9942.62	+	10262.36)	/ 2 )
=	27.3380448	/	10102.49
=	0.27 %

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	))
=	12427.699	-	2325.327	-	( 273.462	-	max(0, 4154.613	-	4314.365	+	273.462	))
=	9942.62

	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	))
=	12364.578	-	2102.784	-	( 282.195	-	max(0, 4228.553	-	4227.987	+	282.195	))
=	10262.36

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

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

Triumph New Energy 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 )
=	106.92	/	( ( (6729.648 + max(-654.45, 0))	+	(7122.654 + max(28.703, 0)) )	/	2 )
=	106.92	/	( ( 6729.648	+	7151.357 )	/	2 )
=	106.92	/	6940.5025
=	1.54 %

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)
=	(1290.872	+	686.887	+	308.279)	-	(2325.327	+	0	+	615.161)
=	-654.45

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1371.495	+	813.781	+	342.44)	-	(2102.784	+	0	+	396.229)
=	28.703

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:

Triumph New Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	564.605	/	9739.452
	=	5.80 %

Triumph New Energy Co EBIT Related Terms

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Triumph New Energy Co (SHSE:600876) Business Description

Industry

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01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is a float glass manufacturing company. It manufactures ultra-thin float glass in the series of 0.12mm-2.0mm in China. The ultra-thin glass substrate is used for displaying, touching, window protection and functions in the panel display devices and touch equipment. The company generates revenue from production and sales of float sheet glass, and sale of raw materials to produce float sheet glass. Its business segments are namely information display glass, new energy glass and Other functional glass.

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