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Beijing Balance Medical Technology Co (SHSE:688198) EBIT : ¥111.2 Mil (TTM As of Mar. 2024)


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What is Beijing Balance Medical Technology Co EBIT?

Beijing Balance Medical Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥4.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥111.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beijing Balance Medical Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -0.84%. Beijing Balance Medical Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Beijing Balance Medical Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.71%.


Beijing Balance Medical Technology Co EBIT Historical Data

The historical data trend for Beijing Balance Medical 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.

Beijing Balance Medical Technology Co EBIT Chart

Beijing Balance Medical Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 67.95 48.80 49.88 106.22 120.43

Beijing Balance Medical Technology 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 14.15 33.16 26.94 46.19 4.93

Competitive Comparison of Beijing Balance Medical Technology Co's EBIT

For the Medical Devices subindustry, Beijing Balance Medical 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.


Beijing Balance Medical Technology Co's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Balance Medical Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Beijing Balance Medical Technology Co's EV-to-EBIT falls into.



Beijing Balance Medical 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥111.2 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.


Beijing Balance Medical Technology Co  (SHSE:688198) EBIT Explanation

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

Beijing Balance Medical Technology 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 )
=-8.86 * ( 1 - 19.01% )/( (847.867 + 868.296)/ 2 )
=-7.175714/858.0815
=-0.84 %

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))
=1327.015 - 76.842 - ( 402.306 - max(0, 80.58 - 679.215+402.306))
=847.867

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))
=1309.227 - 52.879 - ( 388.052 - max(0, 57.776 - 605.148+388.052))
=868.296

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

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

Beijing Balance Medical Technology 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 )
=19.732/( ( (278.284 + max(193.949, 0)) + (293.654 + max(155.439, 0)) )/ 2 )
=19.732/( ( 472.233 + 449.093 )/ 2 )
=19.732/460.663
=4.28 %

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)
=(83.489 + 34.9 + 152.873) - (76.842 + 0 + 0.471)
=193.949

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(83.051 + 40.597 + 86.331) - (52.879 + 0 + 1.661)
=155.439

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:

Beijing Balance Medical Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=111.216/15769.649
=0.71 %

* 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.


Beijing Balance Medical Technology Co EBIT Related Terms

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Beijing Balance Medical Technology Co (SHSE:688198) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Huachang Road, East District, Science Park, Changping District, Beijing, CHN, 102200
Beijing Balance Medical Technology Co Ltd is engaged in the research and development and production of animal-derived implantable medical devices. The company's products are used in heart valve replacement and repair, congenital heart disease implant intervention and surgical soft tissue repair.

Beijing Balance Medical Technology Co (SHSE:688198) Headlines

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