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Lanzhou LS Heavy Equipment Co (SHSE:603169) EBIT : ¥329 Mil (TTM As of Dec. 2024)


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What is Lanzhou LS Heavy Equipment Co EBIT?

Lanzhou LS Heavy Equipment Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥110 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥329 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lanzhou LS Heavy Equipment Co's annualized ROC % for the quarter that ended in Dec. 2024 was 5.71%. Lanzhou LS Heavy Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 16.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lanzhou LS Heavy Equipment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 2.95%.


Lanzhou LS Heavy Equipment Co EBIT Historical Data

The historical data trend for Lanzhou LS Heavy 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.

Lanzhou LS Heavy Equipment Co EBIT Chart

Lanzhou LS Heavy Equipment Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -36.29 326.03 354.78 317.62 329.38

Lanzhou LS Heavy Equipment Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 68.45 71.57 74.60 73.00 110.21

Competitive Comparison of Lanzhou LS Heavy Equipment Co's EBIT

For the Specialty Industrial Machinery subindustry, Lanzhou LS Heavy 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.


Lanzhou LS Heavy Equipment Co's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Lanzhou LS Heavy Equipment Co's EV-to-EBIT falls into.


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Lanzhou LS Heavy 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥329 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.


Lanzhou LS Heavy Equipment Co  (SHSE:603169) EBIT Explanation

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

Lanzhou LS Heavy Equipment Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=510.88 * ( 1 - 0.41% )/( (8887.44 + 8934.221)/ 2 )
=508.785392/8910.8305
=5.71 %

where

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))
=13034.632 - 3254.435 - ( 1746.505 - max(0, 7610.267 - 8503.024+1746.505))
=8887.44

Invested Capital(Q: Dec. 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))
=12376.48 - 3399.865 - ( 1114.226 - max(0, 7630.802 - 7673.196+1114.226))
=8934.221

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

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

Lanzhou LS Heavy Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=440.848/( ( (2689.553 + max(-611.518, 0)) + (2692.757 + max(-866.265, 0)) )/ 2 )
=440.848/( ( 2689.553 + 2692.757 )/ 2 )
=440.848/2691.155
=16.38 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(942.379 + 3398.344 + 488.238) - (3254.435 + 0 + 2186.044)
=-611.518

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1260.576 + 3077.73 + 277.428) - (3399.865 + 0 + 2082.134)
=-866.265

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Lanzhou LS Heavy Equipment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=329.381/11162.111
=2.95 %

* 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.


Lanzhou LS Heavy Equipment Co EBIT Related Terms

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Lanzhou LS Heavy Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 528, West Section of Huanghe Avenue, Lanzhou New District, Gansu Province, Lanzhou, CHN, 730087
Lanzhou LS Heavy Equipment Co Ltd is a China-based company. It is engaged in the manufacturing of pressure vessels in the energy industry. The firm operates through two business divisions including equipment manufacturing business and petrochemical engineering general contracting. The equipment manufacturing business is responsible for collecting information, obtaining contract orders through bidding and negotiation, and design department responsible department. It caters its services to energy industry such as refining, chemical, coal chemical, nuclear power, and biomedicine. Its product offerings include nuclear products, pressure separators, coal chemical equipment, tanks, hydrogenation reactors, and threaded locking ring type heat exchangers.

Lanzhou LS Heavy Equipment Co Headlines

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