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Xiamen Xinde Co (SZSE:000701) EBIT : ¥-311 Mil (TTM As of Mar. 2024)


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What is Xiamen Xinde Co EBIT?

Xiamen Xinde Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥118 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-311 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xiamen Xinde Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.09%. Xiamen Xinde Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xiamen Xinde Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.52%.


Xiamen Xinde Co EBIT Historical Data

The historical data trend for Xiamen Xinde 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.

Xiamen Xinde Co EBIT Chart

Xiamen Xinde 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 -1,719.13 612.67 759.78 676.78 -317.17

Xiamen Xinde 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 111.61 139.03 -178.67 -389.13 117.86

Competitive Comparison of Xiamen Xinde Co's EBIT

For the Electronic Components subindustry, Xiamen Xinde 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.


Xiamen Xinde Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiamen Xinde Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xiamen Xinde Co's EV-to-EBIT falls into.



Xiamen Xinde 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 ¥-311 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.


Xiamen Xinde Co  (SZSE:000701) EBIT Explanation

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

Xiamen Xinde 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 )
=504.376 * ( 1 - 50.71% )/( (8786.356 + 14974.864)/ 2 )
=248.6069304/11880.61
=2.09 %

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))
=16042.194 - 6013.27 - ( 2194.731 - max(0, 9427.831 - 10670.399+2194.731))
=8786.356

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))
=23106.98 - 6317.975 - ( 5249.05 - max(0, 15617.411 - 17431.552+5249.05))
=14974.864

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

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

Xiamen Xinde 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 )
=471.452/( ( (1650.164 + max(835.925, 0)) + (1506.178 + max(3805.679, 0)) )/ 2 )
=471.452/( ( 2486.089 + 5311.857 )/ 2 )
=471.452/3898.973
=12.09 %

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)
=(2677.371 + 3031.555 + 1822.944) - (6013.27 + 0 + 682.675)
=835.925

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3057.028 + 4796.969 + 3236.913) - (6317.975 + 0 + 967.256)
=3805.679

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:

Xiamen Xinde Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-310.91/8834.178
=-3.52 %

* 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.


Xiamen Xinde Co EBIT Related Terms

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Xiamen Xinde Co (SZSE:000701) Business Description

Traded in Other Exchanges
N/A
Address
Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006
Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.
Executives
Huang Jun Feng Executives
Fu Ben Sheng Directors, executives
Wang Ming Cheng Directors, executives
Chen Ge Executives
Ceng Ting Yi Director
Jiang Feng Executives
Chen Hong Secretary, Director
Wang Xiao Shun Supervisors
Hong Shuang Hua Supervisors
Du Shao Hua Directors, executives
Fan Dan Executives
Zhou Kun Shan Director
Tong Jin Zhi Director
Wang Mei Ling Supervisors, within half a year of separation
Huang Li Hong Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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