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Changzhou Kaidi Electrical (SHSE:605288) EBIT : ¥105 Mil (TTM As of Sep. 2024)


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What is Changzhou Kaidi Electrical EBIT?

Changzhou Kaidi Electrical's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥105 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzhou Kaidi Electrical's annualized ROC % for the quarter that ended in Sep. 2024 was 6.01%. Changzhou Kaidi Electrical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzhou Kaidi Electrical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.43%.


Changzhou Kaidi Electrical EBIT Historical Data

The historical data trend for Changzhou Kaidi Electrical'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.

Changzhou Kaidi Electrical EBIT Chart

Changzhou Kaidi Electrical Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 253.88 207.27 134.10 59.56 130.62

Changzhou Kaidi Electrical 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 45.07 23.70 23.21 38.80 18.85

Competitive Comparison of Changzhou Kaidi Electrical's EBIT

For the Electrical Equipment & Parts subindustry, Changzhou Kaidi Electrical'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.


Changzhou Kaidi Electrical's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Kaidi Electrical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changzhou Kaidi Electrical's EV-to-EBIT falls into.


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Changzhou Kaidi Electrical 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 ¥105 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.


Changzhou Kaidi Electrical  (SHSE:605288) EBIT Explanation

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

Changzhou Kaidi Electrical'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 )
=80.424 * ( 1 - 11.23% )/( (1161.569 + 1215.824)/ 2 )
=71.3923848/1188.6965
=6.01 %

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))
=2763.18 - 454.765 - ( 1146.846 - max(0, 518.034 - 1706.128+1146.846))
=1161.569

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))
=2776.431 - 486.944 - ( 1073.663 - max(0, 512.62 - 1713.877+1073.663))
=1215.824

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

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

Changzhou Kaidi Electrical'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 )
=75.412/( ( (889.957 + max(33.717, 0)) + (895.078 + max(60.441, 0)) )/ 2 )
=75.412/( ( 923.674 + 955.519 )/ 2 )
=75.412/939.5965
=8.03 %

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)
=(212.145 + 276.022 + 20.561) - (454.765 + 0 + 20.246)
=33.717

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(223.412 + 315.43 + 29.219) - (486.944 + 0 + 20.676)
=60.441

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:

Changzhou Kaidi Electrical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=104.562/1407.286
=7.43 %

* 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.


Changzhou Kaidi Electrical EBIT Related Terms

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Changzhou Kaidi Electrical Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Hengcui Road, Jiangcun Village, Henglin Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213101
Changzhou Kaidi Electrical Inc is engaged in production and sales of linear drive system products. The company develops linear drive systems, product development, manufacturing, and domestic and international marketing. It provides linear drive system products in the fields of medical care, auto parts, among others.
Executives
Yao Bu Tang senior management
Lu Xiao Bo Directors, senior managers
Zhou Rong Qing Directors, senior managers
Yan Guo Hong senior management
Zhou Lin Yu Director
Zhou Shu Cheng Directors, senior managers
Chen Xu Pei senior management
Zhou Yan Qin senior management

Changzhou Kaidi Electrical Headlines

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