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Inner Mongolia First Machinery Group Co (SHSE:600967) EBIT : ¥683 Mil (TTM As of Sep. 2024)


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What is Inner Mongolia First Machinery Group Co EBIT?

Inner Mongolia First Machinery Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥103 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥683 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inner Mongolia First Machinery Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 3.12%. Inner Mongolia First Machinery Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Inner Mongolia First Machinery Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.01%.


Inner Mongolia First Machinery Group Co EBIT Historical Data

The historical data trend for Inner Mongolia First Machinery Group 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.

Inner Mongolia First Machinery Group Co EBIT Chart

Inner Mongolia First Machinery Group 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 659.57 738.60 836.53 904.74 941.86

Inner Mongolia First Machinery Group 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 169.72 262.28 199.87 118.40 102.60

Competitive Comparison of Inner Mongolia First Machinery Group Co's EBIT

For the Aerospace & Defense subindustry, Inner Mongolia First Machinery Group 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.


Inner Mongolia First Machinery Group Co's EV-to-EBIT Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Inner Mongolia First Machinery Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Inner Mongolia First Machinery Group Co's EV-to-EBIT falls into.


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Inner Mongolia First Machinery Group 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 ¥683 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.


Inner Mongolia First Machinery Group Co  (SHSE:600967) EBIT Explanation

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

Inner Mongolia First Machinery Group 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 )
=360.056 * ( 1 - 2.69% )/( (10242.386 + 12238.042)/ 2 )
=350.3704936/11240.214
=3.12 %

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))
=21135.736 - 6642.761 - ( 4250.589 - max(0, 8640.782 - 13281.559+4250.589))
=10242.386

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))
=19756.232 - 5979.061 - ( 1539.129 - max(0, 7591.093 - 12139.018+1539.129))
=12238.042

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

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

Inner Mongolia First Machinery Group 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 )
=410.416/( ( (2229.289 + max(150.349, 0)) + (2219.791 + max(2749.231, 0)) )/ 2 )
=410.416/( ( 2379.638 + 4969.022 )/ 2 )
=410.416/3674.33
=11.17 %

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)
=(1537.348 + 2908.01 + 4290.512) - (6642.761 + 0 + 1942.76)
=150.349

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3002.119 + 2762.327 + 4520.617) - (5979.061 + 0 + 1556.771)
=2749.231

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:

Inner Mongolia First Machinery Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=683.149/17056.365
=4.01 %

* 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.


Inner Mongolia First Machinery Group Co EBIT Related Terms

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Inner Mongolia First Machinery Group Co Business Description

Traded in Other Exchanges
N/A
Address
Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030
Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.
Executives
Wang Yu senior management
Wang Bao Ying senior management
Wang Yong Le Directors, senior managers
Wang Tong Directors, senior managers
Li Jian Wei senior management
Cao Fu Hui senior management
Ding Li Sheng Director
Wu Jie Directors, senior managers
Wei Jin Zhong Directors, senior managers
Li Quan Wen Director
Jia Rui senior management
Li Guo Hao senior management

Inner Mongolia First Machinery Group Co Headlines

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