Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) EBIT : ¥4.2 Mil (TTM As of Sep. 2024)

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What is Zhejiang Tuna Environmental Science & Tech Co EBIT?

Zhejiang Tuna Environmental Science & Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥11.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥4.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Tuna Environmental Science & Tech Co's annualized ROC % for the quarter that ended in Sep. 2024 was 5.70%. Zhejiang Tuna Environmental Science & Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Tuna Environmental Science & Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.18%.

Zhejiang Tuna Environmental Science & Tech Co EBIT Historical Data

The historical data trend for Zhejiang Tuna Environmental Science & 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.

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Zhejiang Tuna Environmental Science & Tech Co EBIT Chart

Zhejiang Tuna Environmental Science & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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17.19

-114.79

-61.07

30.98

-23.70

Zhejiang Tuna Environmental Science & 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															0.03	-42.93	22.78	13.42	10.98

Competitive Comparison of Zhejiang Tuna Environmental Science & Tech Co's EBIT

For the Pollution & Treatment Controls subindustry, Zhejiang Tuna Environmental Science & 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.

Zhejiang Tuna Environmental Science & Tech Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Tuna Environmental Science & Tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Tuna Environmental Science & Tech Co's EV-to-EBIT falls into.

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Zhejiang Tuna Environmental Science & 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 ¥4.2 Mil.

Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) EBIT Explanation

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

Zhejiang Tuna Environmental Science & 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 )
=	71.324 * ( 1 - -11.83% )	/	( (1377.537	+	1419.586)	/ 2 )
=	79.7616292	/	1398.5615
=	5.70 %

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	))
=	1770.694	-	441.238	-	( 153.207	-	max(0, 1030.232	-	982.151	+	153.207	))
=	1377.537

	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	))
=	1767.376	-	416.126	-	( 143.856	-	max(0, 1048.9	-	980.564	+	143.856	))
=	1419.586

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

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

Zhejiang Tuna Environmental Science & 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 )
=	43.912	/	( ( (517.586 + max(178.609, 0))	+	(518.223 + max(213.798, 0)) )	/	2 )
=	43.912	/	( ( 696.195	+	732.021 )	/	2 )
=	43.912	/	714.108
=	6.15 %

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)
=	(434.833	+	195.693	+	38.499)	-	(441.238	+	0	+	49.178)
=	178.609

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(456.903	+	196.907	+	43.191)	-	(416.126	+	0	+	67.077)
=	213.798

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:

Zhejiang Tuna Environmental Science & Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	4.245	/	2364.662
	=	0.18 %

Zhejiang Tuna Environmental Science & Tech Co EBIT Related Terms

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Zhejiang Tuna Environmental Science & Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tuna Environmental Science & Tech Co Ltd (SHSE:603177) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

South of Sanjiang Road, Paojiang Industrial Zone, Zhejiang Province, Shaoxing, CHN, 312071

Website

http://www.zj-tuna.com

Zhejiang Tuna Environmental Science & Tech Co Ltd is a Chinese company engaged in the research and development, manufacturing and contracting of flue gas purification technology. It executes EPC turnkey contract which covers denitration, desulfurization and dedusting project throughout the country, as well as overseas as subcontractor of state owned enterprise overseas project. The company also offers FGD system equipment with a different type of method, and cellular type and plate type SCR catalyst, and ESP system equipment.

Executives

Chen Bin	senior management
Ma Tai Yu	Directors, senior managers
Wu Hai Hua	Directors, senior managers
Shen Xin	senior management
Cai Xue Jun	senior management

Zhejiang Tuna Environmental Science & Tech Co Headlines

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