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Changshu Fengfan Power Equipment Co (SHSE:601700) EBIT : ¥227 Mil (TTM As of Sep. 2024)


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What is Changshu Fengfan Power Equipment Co EBIT?

Changshu Fengfan Power Equipment Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥227 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changshu Fengfan Power Equipment Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.47%. Changshu Fengfan Power Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changshu Fengfan Power Equipment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.61%.


Changshu Fengfan Power Equipment Co EBIT Historical Data

The historical data trend for Changshu Fengfan Power Equipment 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.

Changshu Fengfan Power Equipment Co EBIT Chart

Changshu Fengfan Power Equipment 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 -194.54 337.78 178.76 97.90 106.46

Changshu Fengfan Power Equipment 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 18.80 31.79 129.97 43.75 21.04

Competitive Comparison of Changshu Fengfan Power Equipment Co's EBIT

For the Metal Fabrication subindustry, Changshu Fengfan Power Equipment 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.


Changshu Fengfan Power Equipment Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changshu Fengfan Power Equipment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changshu Fengfan Power Equipment Co's EV-to-EBIT falls into.


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Changshu Fengfan Power Equipment 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 ¥227 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.


Changshu Fengfan Power Equipment Co  (SHSE:601700) EBIT Explanation

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

Changshu Fengfan Power Equipment 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 )
=64.832 * ( 1 - 60.34% )/( (5537.22 + 5468.074)/ 2 )
=25.7123712/5502.647
=0.47 %

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))
=8162.988 - 1694.139 - ( 1628.488 - max(0, 4617.266 - 5548.895+1628.488))
=5537.22

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))
=8264.294 - 1635.522 - ( 1735.612 - max(0, 4511.23 - 5671.928+1735.612))
=5468.074

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

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

Changshu Fengfan Power Equipment 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 )
=84.156/( ( (1411.896 + max(747.856, 0)) + (1395.845 + max(848.472, 0)) )/ 2 )
=84.156/( ( 2159.752 + 2244.317 )/ 2 )
=84.156/2202.0345
=3.82 %

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)
=(1493.305 + 1215.815 + 122.548) - (1694.139 + 0 + 389.673)
=747.856

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1392.281 + 1279.815 + 293.202) - (1635.522 + 0 + 481.304)
=848.472

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:

Changshu Fengfan Power Equipment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=226.556/6279.524
=3.61 %

* 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.


Changshu Fengfan Power Equipment Co EBIT Related Terms

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Changshu Fengfan Power Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
Number 8, South Renmin Road, West Industrial Park, Shanghu, Changshu, CHN, 215554
Changshu Fengfan Power Equipment Co Ltd manufactures and supplies galvanized steel towers in China. It offers transmission towers, including angle steel, spanning, and steel tube towers, as well as independent poles; substation frameworks; communication towers; crane and wind power bases; and lamp poles, tin trunks, scaffolds, and sledges. The company provides its products for high-pressure or ultra-high-pressure power transmission lines, steel tube towers, steel tube poles, transformer substation frameworks, and other steel-supporting structures.
Executives
Zhao Jin Yuan Supervisors
Zhao Yue Hua senior management
Chen Liang Dong senior management
Fan Xu Xing Supervisors
Zhu Qun Fen Supervisors
Yang Li senior management
Fan Jian Gang Director
Gu Xiao Lei Supervisors
Sang Qin Hua Director
Xie Zuo Peng senior management
Zhao Yu Min Director

Changshu Fengfan Power Equipment Co Headlines

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