Zhangjiagang Guangda Special Material Co (SHSE:688186) EBIT : ¥152 Mil (TTM As of Mar. 2024)

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What is Zhangjiagang Guangda Special Material Co EBIT?

Zhangjiagang Guangda Special Material Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥152 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhangjiagang Guangda Special Material Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.63%. Zhangjiagang Guangda Special Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhangjiagang Guangda Special Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.33%.

Zhangjiagang Guangda Special Material Co EBIT Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co EBIT Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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208.55

243.61

250.08

207.00

228.51

Zhangjiagang Guangda Special Material 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															116.83	49.10	55.57	7.01	39.84

Competitive Comparison of Zhangjiagang Guangda Special Material Co's EBIT

For the Steel subindustry, Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhangjiagang Guangda Special Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Guangda Special Material Co's EV-to-EBIT falls into.

Zhangjiagang Guangda Special Material 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 ¥152 Mil.

Zhangjiagang Guangda Special Material Co (SHSE:688186) EBIT Explanation

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

Zhangjiagang Guangda Special Material 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 )
=	147.928 * ( 1 - -38.3% )	/	( (7677.324	+	7861.342)	/ 2 )
=	204.584424	/	7769.333
=	2.63 %

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	))
=	10660.077	-	2412.149	-	( 570.604	-	max(0, 3384.425	-	4957.622	+	570.604	))
=	7677.324

	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	))
=	10836.719	-	2443.231	-	( 532.146	-	max(0, 3491.837	-	5080.996	+	532.146	))
=	7861.342

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

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

Zhangjiagang Guangda Special Material 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 )
=	159.348	/	( ( (5035.031 + max(784.207, 0))	+	(5082.37 + max(870.292, 0)) )	/	2 )
=	159.348	/	( ( 5819.238	+	5952.662 )	/	2 )
=	159.348	/	5885.95
=	2.71 %

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)
=	(1069.488	+	2028.121	+	119.095)	-	(2412.149	+	0	+	20.348)
=	784.207

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1197.994	+	2008.215	+	134.374)	-	(2443.231	+	0	+	27.06)
=	870.292

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:

Zhangjiagang Guangda Special Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	151.515	/	6496.400
	=	2.33 %

Zhangjiagang Guangda Special Material Co EBIT Related Terms

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Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines

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