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Changzheng Engineering Technology Co (SHSE:603698) EBIT : ¥277 Mil (TTM As of Dec. 2024)


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What is Changzheng Engineering Technology Co EBIT?

Changzheng Engineering Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥98 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥277 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzheng Engineering Technology Co's annualized ROC % for the quarter that ended in Dec. 2024 was 5.05%. Changzheng Engineering Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 12.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzheng Engineering Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 3.35%.


Changzheng Engineering Technology Co EBIT Historical Data

The historical data trend for Changzheng Engineering Technology 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.

Changzheng Engineering Technology Co EBIT Chart

Changzheng Engineering Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 157.38 82.46 175.81 193.52 276.78

Changzheng Engineering Technology Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 97.69 28.50 85.23 65.22 97.84

Competitive Comparison of Changzheng Engineering Technology Co's EBIT

For the Engineering & Construction subindustry, Changzheng Engineering Technology 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.


Changzheng Engineering Technology Co's EV-to-EBIT Distribution in the Construction Industry

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

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


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Changzheng Engineering Technology 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥277 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.


Changzheng Engineering Technology Co  (SHSE:603698) EBIT Explanation

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

Changzheng Engineering Technology Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=284.556 * ( 1 - 18.38% )/( (4625.263 + 4568.925)/ 2 )
=232.2546072/4597.094
=5.05 %

where

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))
=7829.609 - 1055.971 - ( 2148.375 - max(0, 1735.728 - 4201.325+2148.375))
=4625.263

Invested Capital(Q: Dec. 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))
=8524.315 - 1292.497 - ( 2872.069 - max(0, 2257.112 - 4920.005+2872.069))
=4568.925

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

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

Changzheng Engineering Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=391.368/( ( (3124.873 + max(-40.22, 0)) + (3224.108 + max(-683.563, 0)) )/ 2 )
=391.368/( ( 3124.873 + 3224.108 )/ 2 )
=391.368/3174.4905
=12.33 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(739.126 + 324.317 + 588.393) - (1055.971 + 0 + 636.085)
=-40.22

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(472.766 + 240.984 + 756.103) - (1292.497 + 0 + 860.919)
=-683.563

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=276.783/8272.357
=3.35 %

* 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.


Changzheng Engineering Technology Co EBIT Related Terms

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Changzheng Engineering Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Jinghai 4th Road, No. 141, Beijing Economic and Technological Development Zone, Ludong District, Beijing, CHN, 101111
Changzheng Engineering Technology Co Ltd is engaged in aerospace pulverized coal pressurized gasification technology. It specializes in the research and development, engineering design, technical services, complete equipment supply and general project contracting of coal gasification technology and key equipment.

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