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MingYang Smart Energy Group (SHSE:601615) EBIT : ¥252 Mil (TTM As of Sep. 2024)


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What is MingYang Smart Energy Group EBIT?

MingYang Smart Energy Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥433 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥252 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MingYang Smart Energy Group's annualized ROC % for the quarter that ended in Sep. 2024 was -1.36%. MingYang Smart Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MingYang Smart Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.81%.


MingYang Smart Energy Group EBIT Historical Data

The historical data trend for MingYang Smart Energy Group'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.

MingYang Smart Energy Group EBIT Chart

MingYang Smart Energy Group 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 939.07 1,862.33 3,977.91 3,838.23 583.21

MingYang Smart Energy Group 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 800.21 -1,069.40 450.14 438.25 432.94

Competitive Comparison of MingYang Smart Energy Group's EBIT

For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group'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.


MingYang Smart Energy Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MingYang Smart Energy Group's EV-to-EBIT falls into.


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MingYang Smart Energy Group 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 ¥252 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.


MingYang Smart Energy Group  (SHSE:601615) EBIT Explanation

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

MingYang Smart Energy Group'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 )
=-868.88 * ( 1 - 19.27% )/( (53820.859 + 49609.652)/ 2 )
=-701.446824/51715.2555
=-1.36 %

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))
=85121.27 - 22612.131 - ( 11682.983 - max(0, 35565.825 - 44254.105+11682.983))
=53820.859

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))
=82919.569 - 22407.335 - ( 11182.939 - max(0, 35703.213 - 46605.795+11182.939))
=49609.652

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

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

MingYang Smart Energy Group'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 )
=1731.756/( ( (23478.506 + max(-1327.013, 0)) + (19207.694 + max(144.12099999999, 0)) )/ 2 )
=1731.756/( ( 23478.506 + 19351.815 )/ 2 )
=1731.756/21415.1605
=8.09 %

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)
=(14240.328 + 10798.645 + 5167.088) - (22612.131 + 0 + 8920.943)
=-1327.013

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15598.479 + 10971.269 + 5175.787) - (22407.335 + 0 + 9194.079)
=144.12099999999

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:

MingYang Smart Energy Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=251.927/31211.456
=0.81 %

* 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.


MingYang Smart Energy Group EBIT Related Terms

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MingYang Smart Energy Group Business Description

Traded in Other Exchanges
Address
Mingyang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan, Guangdong, CHN, 528400
MingYang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.
Executives
Zhang Chuan Wei Directors, senior managers
Shen Zhong Min Directors, senior managers
Zhang Qi Ying Directors, senior managers
Yu Jiang Tao senior management
Liang Cai Fa senior management
Wang Dong Dong senior management
Yi Ling Na senior management
Zhang Zhong Hai senior management
Wang Jin Fa Directors, senior managers
Cheng Jia Wan senior management
Liu Jian Jun senior management
Yang Pu senior management
Zhang Rui Director

MingYang Smart Energy Group Headlines

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