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Hangzhou XZB Tech Co (SHSE:603040) EBIT : ¥252.3 Mil (TTM As of Sep. 2024)


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What is Hangzhou XZB Tech Co EBIT?

Hangzhou XZB Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥62.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥252.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou XZB Tech Co's annualized ROC % for the quarter that ended in Sep. 2024 was 22.88%. Hangzhou XZB Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 36.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou XZB Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.20%.


Hangzhou XZB Tech Co EBIT Historical Data

The historical data trend for Hangzhou XZB Tech 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.

Hangzhou XZB Tech Co EBIT Chart

Hangzhou XZB Tech 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 146.33 171.60 174.82 201.32 217.17

Hangzhou XZB Tech 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 49.02 60.32 54.87 75.02 62.04

Competitive Comparison of Hangzhou XZB Tech Co's EBIT

For the Auto Parts subindustry, Hangzhou XZB Tech 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.


Hangzhou XZB Tech Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Hangzhou XZB Tech Co's EV-to-EBIT falls into.


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Hangzhou XZB Tech 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 ¥252.3 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.


Hangzhou XZB Tech Co  (SHSE:603040) EBIT Explanation

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

Hangzhou XZB Tech 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 )
=247.348 * ( 1 - 13.26% )/( (916.452 + 959.032)/ 2 )
=214.5496552/937.742
=22.88 %

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))
=1537.765 - 139.58 - ( 481.733 - max(0, 195.559 - 902.204+481.733))
=916.452

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))
=1579.127 - 163.244 - ( 456.851 - max(0, 179.301 - 898.19+456.851))
=959.032

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

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

Hangzhou XZB Tech 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 )
=248.152/( ( (462.042 + max(220.742, 0)) + (460.824 + max(198.764, 0)) )/ 2 )
=248.152/( ( 682.784 + 659.588 )/ 2 )
=248.152/671.186
=36.97 %

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)
=(103.101 + 161.749 + 100.011) - (139.58 + 0 + 4.539)
=220.742

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.395 + 171.56 + 92.769) - (163.244 + 0 + 14.716)
=198.764

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:

Hangzhou XZB Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=252.251/2741.552
=9.20 %

* 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.


Hangzhou XZB Tech Co EBIT Related Terms

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Hangzhou XZB Tech Co Business Description

Traded in Other Exchanges
N/A
Address
No.18 Longtan Road, Building 1-5, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121
Hangzhou XZB Tech Co Ltd is a China based company engaged in the research and development of valve train systems and parts manufacturing in car industry. The products offered by the company includes valve cotters (collets), valve spring retainers, hydraulic lash adjusters and finger followers, push rods and tappets for heavy-duty diesel engines. In addition, the company also produces precision cold-forming components together with good service for power tools, household electrical appliance, aerospace, machinery, and other applications.
Executives
Hu Xin Directors, senior managers
Wang Jian Jun Supervisors
Xu Xue Quan Supervisors
Yao Guo Xing Director
Zheng Xiao Ling senior management
Ren Hai Jun Director
Yang Qi Ping senior management
Yang Zhi Jun senior management
Yan Zhen Qiang Supervisors
Zhang Ying senior management
Feng You Sheng Director

Hangzhou XZB Tech Co Headlines

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