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Shanghai Baolong Automotive (SHSE:603197) EBIT : ¥555 Mil (TTM As of Mar. 2024)


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What is Shanghai Baolong Automotive EBIT?

Shanghai Baolong Automotive's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥126 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥555 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Baolong Automotive's annualized ROC % for the quarter that ended in Mar. 2024 was 6.29%. Shanghai Baolong Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Baolong Automotive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.84%.


Shanghai Baolong Automotive EBIT Historical Data

The historical data trend for Shanghai Baolong Automotive'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 Baolong Automotive EBIT Chart

Shanghai Baolong Automotive 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 307.72 250.66 424.31 365.36 568.62

Shanghai Baolong Automotive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 139.79 142.09 196.49 90.25 126.35

Competitive Comparison of Shanghai Baolong Automotive's EBIT

For the Auto Parts subindustry, Shanghai Baolong Automotive'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 Baolong Automotive's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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



Shanghai Baolong Automotive 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥555 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 Baolong Automotive  (SHSE:603197) EBIT Explanation

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

Shanghai Baolong Automotive's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=550.764 * ( 1 - 33.68% )/( (5727.759 + 5879.05)/ 2 )
=365.2666848/5803.4045
=6.29 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=8475.141 - 1703.794 - ( 1043.588 - max(0, 3070.94 - 4790.322+1043.588))
=5727.759

Invested Capital(Q: Mar. 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))
=8593.45 - 1648.749 - ( 1065.651 - max(0, 2907.233 - 4783.087+1065.651))
=5879.05

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

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

Shanghai Baolong Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=505.412/( ( (2478.059 + max(1410.52, 0)) + (2536.973 + max(1665.256, 0)) )/ 2 )
=505.412/( ( 3888.579 + 4202.229 )/ 2 )
=505.412/4045.404
=12.49 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1457.57 + 1698.603 + 123.742) - (1703.794 + 0 + 165.601)
=1410.52

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1468.833 + 1932.235 + 110.802) - (1648.749 + 0 + 197.865)
=1665.256

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=555.181/9513.135
=5.84 %

* 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 Baolong Automotive EBIT Related Terms

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Shanghai Baolong Automotive (SHSE:603197) Business Description

Traded in Other Exchanges
N/A
Address
5500, Shenzhuan Road, Songjiang District, Shanghai, CHN, 201619
Shanghai Baolong Automotive Corp is a Chinese manufacturer of automotive parts and components. Its products include tire valves and accessories, wheel balancing weights, performance exhaust products, automotive pressure sensors, and hydro-forming automotive body parts, among others. The company sells its products in China and various other countries.
Executives
Chen Hong Quan Directors, senior managers
Wang Sheng Quan Directors, senior managers
Wen Jian Feng senior management
Yin Shu Fei senior management
Feng Mei Lai senior management
Chen Xu Lin Directors, senior managers
Chen Hong Ling Director
Zhang Zu Qiu Director
Lan Rui Lin Supervisors
Huang Jun Lin Supervisors
Yang Shou Wen Supervisors

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