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Solareast Holdings Co (SHSE:603366) EBIT : ¥193 Mil (TTM As of Mar. 2024)


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What is Solareast Holdings Co EBIT?

Solareast Holdings Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥193 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solareast Holdings Co's annualized ROC % for the quarter that ended in Mar. 2024 was -5.87%. Solareast Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -18.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solareast Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.04%.


Solareast Holdings Co EBIT Historical Data

The historical data trend for Solareast Holdings 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.

Solareast Holdings Co EBIT Chart

Solareast Holdings 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 120.65 221.27 221.00 285.85 234.19

Solareast Holdings 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 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 -12.14 118.87 80.07 47.38 -53.54

Competitive Comparison of Solareast Holdings Co's EBIT

For the Solar subindustry, Solareast Holdings 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.


Solareast Holdings Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solareast Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Solareast Holdings Co's EV-to-EBIT falls into.



Solareast Holdings 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 ¥193 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.


Solareast Holdings Co  (SHSE:603366) EBIT Explanation

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

Solareast Holdings 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 )
=-288.352 * ( 1 - -2.62% )/( (4882.615 + 5203.914)/ 2 )
=-295.9068224/5043.2645
=-5.87 %

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))
=7071.741 - 2144.681 - ( 571.793 - max(0, 2884.288 - 2928.733+571.793))
=4882.615

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))
=6986.646 - 1786.304 - ( 510.785 - max(0, 2853.81 - 2850.238+510.785))
=5203.914

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

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

Solareast Holdings 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 )
=-214.148/( ( (1167.741 + max(-621.06, 0)) + (1174.895 + max(-354.756, 0)) )/ 2 )
=-214.148/( ( 1167.741 + 1174.895 )/ 2 )
=-214.148/1171.318
=-18.28 %

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)
=(388.772 + 894.677 + 939.349) - (2144.681 + 0 + 699.177)
=-621.06

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(363.449 + 871.35 + 962.656) - (1786.304 + 0 + 765.907)
=-354.756

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:

Solareast Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=192.789/3193.225
=6.04 %

* 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.


Solareast Holdings Co EBIT Related Terms

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Solareast Holdings Co (SHSE:603366) Business Description

Traded in Other Exchanges
N/A
Address
Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243
Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.
Executives
Xu Zhong senior management
Zhang Ya Ming senior management
Jiao Qing Tai senior management
Wan Xu Chang Directors, senior managers
Zhang Chao Director
Liu Wen Ling senior management
Zhang Liang Liang Director
Sun Ming Yang Directors, senior managers
Huang Yin Chuan Director
Zhu Ya Lin senior management
Li Jun senior management
Chen Rong Hua senior management
Li Li Gan senior management
Liu Wei Director
Yang Zhi Quan Supervisors

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