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Xiangyang Automobile Bearing Co (SZSE:000678) EBIT : ¥-15 Mil (TTM As of Mar. 2024)


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What is Xiangyang Automobile Bearing Co EBIT?

Xiangyang Automobile Bearing Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-15 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xiangyang Automobile Bearing Co's annualized ROC % for the quarter that ended in Mar. 2024 was -2.00%. Xiangyang Automobile Bearing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xiangyang Automobile Bearing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.66%.


Xiangyang Automobile Bearing Co EBIT Historical Data

The historical data trend for Xiangyang Automobile Bearing 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.

Xiangyang Automobile Bearing Co EBIT Chart

Xiangyang Automobile Bearing 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 40.73 -73.51 -20.23 -102.10 -20.16

Xiangyang Automobile Bearing 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 -16.40 -10.77 -0.54 7.55 -11.20

Competitive Comparison of Xiangyang Automobile Bearing Co's EBIT

For the Auto Parts subindustry, Xiangyang Automobile Bearing 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.


Xiangyang Automobile Bearing Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xiangyang Automobile Bearing Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xiangyang Automobile Bearing Co's EV-to-EBIT falls into.



Xiangyang Automobile Bearing 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 ¥-15 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.


Xiangyang Automobile Bearing Co  (SZSE:000678) EBIT Explanation

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

Xiangyang Automobile Bearing 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 )
=-44.812 * ( 1 - 15.31% )/( (1923.732 + 1870.624)/ 2 )
=-37.9512828/1897.178
=-2.00 %

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))
=2385.724 - 775.6 - ( 178.895 - max(0, 1345.246 - 1031.638+178.895))
=1923.732

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))
=2383.05 - 819.901 - ( 171.944 - max(0, 1359.006 - 1051.531+171.944))
=1870.624

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

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

Xiangyang Automobile Bearing 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 )
=-44.812/( ( (1005.986 + max(-90.374, 0)) + (983.522 + max(-92.284, 0)) )/ 2 )
=-44.812/( ( 1005.986 + 983.522 )/ 2 )
=-44.812/994.754
=-4.50 %

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)
=(336.292 + 407.942 + 34.337) - (775.6 + 0 + 93.345)
=-90.374

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(307.876 + 425.141 + 49.66) - (819.901 + 0 + 55.06)
=-92.284

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:

Xiangyang Automobile Bearing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-14.964/2263.366
=-0.66 %

* 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.


Xiangyang Automobile Bearing Co EBIT Related Terms

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Xiangyang Automobile Bearing Co (SZSE:000678) Business Description

Traded in Other Exchanges
N/A
Address
No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057
Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.
Executives
Tang Yong Executives
Gao Shao Bing Directors, executives
Wang Guan Bing Executives
Yuan Zhan Supervisors
Song Hui Min Director

Xiangyang Automobile Bearing Co (SZSE:000678) Headlines

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