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Liuzhou Iron & Steel Co (SHSE:601003) EBIT : ¥28 Mil (TTM As of Sep. 2024)


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What is Liuzhou Iron & Steel Co EBIT?

Liuzhou Iron & Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-352 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Liuzhou Iron & Steel Co's annualized ROC % for the quarter that ended in Sep. 2024 was -2.33%. Liuzhou Iron & Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Liuzhou Iron & Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.06%.


Liuzhou Iron & Steel Co EBIT Historical Data

The historical data trend for Liuzhou Iron & Steel 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.

Liuzhou Iron & Steel Co EBIT Chart

Liuzhou Iron & Steel 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 2,901.31 2,161.00 3,177.05 -3,102.99 -388.45

Liuzhou Iron & Steel 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 -358.76 -245.30 309.32 315.47 -351.62

Competitive Comparison of Liuzhou Iron & Steel Co's EBIT

For the Steel subindustry, Liuzhou Iron & Steel 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.


Liuzhou Iron & Steel Co's EV-to-EBIT Distribution in the Steel Industry

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

* The bar in red indicates where Liuzhou Iron & Steel Co's EV-to-EBIT falls into.


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Liuzhou Iron & Steel 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 ¥28 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.


Liuzhou Iron & Steel Co  (SHSE:601003) EBIT Explanation

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

Liuzhou Iron & Steel 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 )
=-1481.8 * ( 1 - 0% )/( (63265.335 + 63727.39)/ 2 )
=-1481.8/63496.3625
=-2.33 %

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))
=66638.094 - 11727.957 - ( 5330.153 - max(0, 25696.906 - 17341.708+5330.153))
=63265.335

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))
=64155.927 - 9277.231 - ( 3918.365 - max(0, 23149.956 - 14301.262+3918.365))
=63727.39

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

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

Liuzhou Iron & Steel 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 )
=-1406.464/( ( (46501.941 + max(-4090.157, 0)) + (47094.774 + max(-4338.939, 0)) )/ 2 )
=-1406.464/( ( 46501.941 + 47094.774 )/ 2 )
=-1406.464/46798.3575
=-3.01 %

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)
=(697.778 + 8477.565 + 1196.135) - (11727.957 + 0 + 2733.678)
=-4090.157

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(672.06 + 6431.745 + 834.906) - (9277.231 + 0 + 3000.419)
=-4338.939

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:

Liuzhou Iron & Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=27.882/47074.190
=0.06 %

* 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.


Liuzhou Iron & Steel Co EBIT Related Terms

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Liuzhou Iron & Steel Co Business Description

Traded in Other Exchanges
N/A
Address
No. 117 Beique Road, Liuzhou, Guangxi, CHN, 545002
Liuzhou Iron & Steel Co Ltd is a China-based steel company. It is engaged in the manufacturing of iron and steel. The company specializes in producing value-added plate, rebar, wire, channel steel, round steel, angle steel, ship plate, boilerplate and die steel. The company also exports its products to Asia, Japan, South Korea and Europe.
Executives
Xiong Xiao Ming Directors, senior managers
Wang Wen Hui Director
Ruan Zhi Yong Supervisors
Luo Hai Yan Director

Liuzhou Iron & Steel Co Headlines

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