GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Carthane Co Ltd (SHSE:603037) » Definitions » EBIT

Shanghai Carthane Co (SHSE:603037) EBIT : ¥116.7 Mil (TTM As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Shanghai Carthane Co EBIT?

Shanghai Carthane Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥18.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥116.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Carthane Co's annualized ROC % for the quarter that ended in Sep. 2024 was 9.35%. Shanghai Carthane Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Carthane Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.39%.


Shanghai Carthane Co EBIT Historical Data

The historical data trend for Shanghai Carthane 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.

Shanghai Carthane Co EBIT Chart

Shanghai Carthane 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 93.05 87.25 95.46 84.57 99.09

Shanghai Carthane 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 24.70 49.61 14.03 34.47 18.62

Competitive Comparison of Shanghai Carthane Co's EBIT

For the Auto Parts subindustry, Shanghai Carthane 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.


Shanghai Carthane Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Carthane Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Carthane Co's EV-to-EBIT falls into.


;
;

Shanghai Carthane 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 ¥116.7 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.


Shanghai Carthane Co  (SHSE:603037) EBIT Explanation

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

Shanghai Carthane 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 )
=88.192 * ( 1 - 10.54% )/( (844.105 + 844.203)/ 2 )
=78.8965632/844.154
=9.35 %

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))
=1129.579 - 116.047 - ( 169.427 - max(0, 197.239 - 661.15+169.427))
=844.105

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))
=1208.465 - 144.482 - ( 219.78 - max(0, 254.353 - 749.071+219.78))
=844.203

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

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

Shanghai Carthane 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 )
=74.484/( ( (320.49 + max(260.675, 0)) + (321.758 + max(250.215, 0)) )/ 2 )
=74.484/( ( 581.165 + 571.973 )/ 2 )
=74.484/576.569
=12.92 %

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)
=(265.589 + 81.668 + 34.475) - (116.047 + 0 + 5.01)
=260.675

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(289.521 + 85.285 + 28.33) - (144.482 + 0 + 8.439)
=250.215

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:

Shanghai Carthane Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=116.733/2656.251
=4.39 %

* 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.


Shanghai Carthane Co EBIT Related Terms

Thank you for viewing the detailed overview of Shanghai Carthane Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai Carthane Co Business Description

Traded in Other Exchanges
N/A
Address
No. 813, Jianye Road, Pudong New Area, Shanghai, CHN, 201201
Shanghai Carthane Co Ltd designs, produces and sells car parts, accessories, polyurethane elastomer and other polyurethane products. It engages in the sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.
Executives
Yang Ying Tao Director
Yang Jian Gang Director
Hou Zhen Kun senior management
Li Ji Cheng senior management
Zhang Zhong Qiu senior management
Jia Jie senior management
Li Jian Xing Supervisors
Hou Rui Hong Director
Wei Yong Ji Director
Huang Hai senior management
Zhuang Ying Wu senior management
Ning Wu senior management
Gao Li senior management
Liu Ren Shan Director

Shanghai Carthane Co Headlines

No Headlines