Jiangsu Seagull Cooling Tower Co (SHSE:603269) EBIT : ¥140 Mil (TTM As of Mar. 2024)

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What is Jiangsu Seagull Cooling Tower Co EBIT?

Jiangsu Seagull Cooling Tower Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥140 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Seagull Cooling Tower Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.40%. Jiangsu Seagull Cooling Tower Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Seagull Cooling Tower Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.29%.

Jiangsu Seagull Cooling Tower Co EBIT Historical Data

The historical data trend for Jiangsu Seagull Cooling Tower 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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Jiangsu Seagull Cooling Tower Co EBIT Chart

Jiangsu Seagull Cooling Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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72.12

85.66

115.08

129.04

Jiangsu Seagull Cooling Tower Co 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															9.15	28.46	23.21	68.22	19.91

Competitive Comparison of Jiangsu Seagull Cooling Tower Co's EBIT

For the Specialty Industrial Machinery subindustry, Jiangsu Seagull Cooling Tower 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.

Jiangsu Seagull Cooling Tower Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Seagull Cooling Tower Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangsu Seagull Cooling Tower Co's EV-to-EBIT falls into.

Jiangsu Seagull Cooling Tower 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥140 Mil.

Jiangsu Seagull Cooling Tower Co (SHSE:603269) EBIT Explanation

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

Jiangsu Seagull Cooling Tower Co'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 )
=	42.088 * ( 1 - 19.16% )	/	( (2210.516	+	2649.579)	/ 2 )
=	34.0239392	/	2430.0475
=	1.40 %

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	))
=	3262.574	-	513.399	-	( 538.659	-	max(0, 2128.353	-	2771.548	+	538.659	))
=	2210.516

	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	))
=	3613.395	-	438.804	-	( 525.012	-	max(0, 2452.707	-	3101.287	+	525.012	))
=	2649.579

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

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

Jiangsu Seagull Cooling Tower Co'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 )
=	79.652	/	( ( (312.449 + max(324.131, 0))	+	(314.955 + max(341.061, 0)) )	/	2 )
=	79.652	/	( ( 636.58	+	656.016 )	/	2 )
=	79.652	/	646.298
=	12.32 %

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)
=	(674.704	+	1188.824	+	168.977)	-	(513.399	+	0	+	1194.975)
=	324.131

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(658.539	+	1579.357	+	141.453)	-	(438.804	+	0	+	1599.484)
=	341.061

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:

Jiangsu Seagull Cooling Tower Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	139.803	/	2223.904
	=	6.29 %

Jiangsu Seagull Cooling Tower Co EBIT Related Terms

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Jiangsu Seagull Cooling Tower Co (SHSE:603269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Seagull Cooling Tower Co Ltd (SHSE:603269) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16,Xiangyun Road, Wujin Economic Development Zone, Jiangsu Province, Changhzou, CHN, 213149

Website

http://www.seagull-ct.com

Jiangsu Seagull Cooling Tower Co Ltd is mainly engaged in the research, development, design, manufacture and installation of industrial cooling towers in China. Its main products are mechanical ventilation cooling towers, including: conventional cooling towers (including steel Mixed-structure tower, FRP tower and steel tower), open-type environmentally-friendly and energy-saving cooling tower (including water-saving tower, anti-fog tower, and noise reduction tower).

Executives

Liu Jian Zhong	senior management
Chen Jian	senior management
Xu Zhi Jun	Directors, senior managers
Bao Bing Guo	senior management
Wu Zhu Ping	Directors, senior managers
Pan Wei Rong	senior management
Liu Li	Directors, senior managers
Yang Hua	Directors, senior managers
Wang Gen Hong	Supervisors
Jin Ao Da	Director
Yang Zhi Jie	senior management
Liu Zhi Zheng	Supervisors
Jiang Ren Xi	Directors, senior managers

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