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Zhenhai Petrochemical Engineering Co (SHSE:603637) EBIT : ¥96.5 Mil (TTM As of Sep. 2024)


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What is Zhenhai Petrochemical Engineering Co EBIT?

Zhenhai Petrochemical Engineering Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥5.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥96.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhenhai Petrochemical Engineering Co's annualized ROC % for the quarter that ended in Sep. 2024 was 11.40%. Zhenhai Petrochemical Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 53.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhenhai Petrochemical Engineering Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.44%.


Zhenhai Petrochemical Engineering Co EBIT Historical Data

The historical data trend for Zhenhai Petrochemical Engineering 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.

Zhenhai Petrochemical Engineering Co EBIT Chart

Zhenhai Petrochemical Engineering 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 46.26 49.71 53.09 99.57 97.00

Zhenhai Petrochemical Engineering 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 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 4.07 55.19 1.49 34.57 5.22

Competitive Comparison of Zhenhai Petrochemical Engineering Co's EBIT

For the Engineering & Construction subindustry, Zhenhai Petrochemical Engineering 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.


Zhenhai Petrochemical Engineering Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhenhai Petrochemical Engineering Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhenhai Petrochemical Engineering Co's EV-to-EBIT falls into.


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Zhenhai Petrochemical Engineering 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 ¥96.5 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.


Zhenhai Petrochemical Engineering Co  (SHSE:603637) EBIT Explanation

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

Zhenhai Petrochemical Engineering 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 )
=20.88 * ( 1 - 15.57% )/( (201.383 + 107.877)/ 2 )
=17.628984/154.63
=11.40 %

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))
=1367.097 - 371.211 - ( 794.503 - max(0, 394.292 - 1281.245+794.503))
=201.383

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))
=1372.081 - 353.209 - ( 911.913 - max(0, 380.605 - 1291.6+911.913))
=107.877

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

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

Zhenhai Petrochemical Engineering 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 )
=20.88/( ( (39.56 + max(-115.248, 0)) + (38.38 + max(-248.984, 0)) )/ 2 )
=20.88/( ( 39.56 + 38.38 )/ 2 )
=20.88/38.97
=53.58 %

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)
=(228.96 + 6.797 + 43.287) - (371.211 + 0 + 23.081)
=-115.248

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.905 + 0.083 + 2.6329999999998) - (353.209 + 0 + 27.396)
=-248.984

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:

Zhenhai Petrochemical Engineering Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=96.477/1143.172
=8.44 %

* 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.


Zhenhai Petrochemical Engineering Co EBIT Related Terms

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Zhenhai Petrochemical Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
No.36, Xinghai South Road, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315042
Zhenhai Petrochemical Engineering Co Ltd provides construction of petrochemical engineering and technical services. Its services include engineering contracting, engineering design, project management, supervision, and engineering consulting project trial price and bidding agency, and other businesses. The company offers various forms of construction services, and technology development and application services; and project contract management services primarily for the petrochemical industry.
Executives
Feng Lu Miao Director
Yu Jin Supervisors
Qi Yuan Qing senior management
Jin Chang senior management
Yang Xiang Yi Director
Zhang Jing Director
Gai Xiao Dong Director
Shi Dan Director
Fan Qi Hai Director
Zhang Yi Gang Director
Zhao Li Wei Director
You Pei Di Director
Fan Xiao Mei Director
Cai Jin Song Director
Song Tao Director

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