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Tangshan Jidong Equipment Engineering Co (SZSE:000856) EBIT : ¥43 Mil (TTM As of Dec. 2024)


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What is Tangshan Jidong Equipment Engineering Co EBIT?

Tangshan Jidong Equipment Engineering Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tangshan Jidong Equipment Engineering Co's annualized ROC % for the quarter that ended in Dec. 2024 was 2.92%. Tangshan Jidong Equipment Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 25.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tangshan Jidong Equipment Engineering Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1.79%.


Tangshan Jidong Equipment Engineering Co EBIT Historical Data

The historical data trend for Tangshan Jidong Equipment Engineering 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.

Tangshan Jidong Equipment Engineering Co EBIT Chart

Tangshan Jidong Equipment Engineering Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.15 56.57 53.15 60.10 42.80

Tangshan Jidong Equipment Engineering Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 25.61 6.58 25.23 -3.35 14.34

Competitive Comparison of Tangshan Jidong Equipment Engineering Co's EBIT

For the Building Products & Equipment subindustry, Tangshan Jidong Equipment Engineering 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.


Tangshan Jidong Equipment Engineering Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tangshan Jidong Equipment Engineering Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tangshan Jidong Equipment Engineering Co's EV-to-EBIT falls into.


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Tangshan Jidong Equipment Engineering 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥43 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.


Tangshan Jidong Equipment Engineering Co  (SZSE:000856) EBIT Explanation

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

Tangshan Jidong Equipment Engineering Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=23.816 * ( 1 - 22.3% )/( (665.206 + 601.508)/ 2 )
=18.505032/633.357
=2.92 %

where

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))
=2156.645 - 1394.966 - ( 122.501 - max(0, 1705.369 - 1801.842+122.501))
=665.206

Invested Capital(Q: Dec. 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))
=2236.797 - 1528.697 - ( 226.321 - max(0, 1782.965 - 1889.557+226.321))
=601.508

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

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

Tangshan Jidong Equipment Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=57.348/( ( (227.776 + max(-373.789, 0)) + (228.363 + max(-302.717, 0)) )/ 2 )
=57.348/( ( 227.776 + 228.363 )/ 2 )
=57.348/228.0695
=25.14 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(814.986 + 233.52 + 91.236) - (1394.966 + 0 + 118.565)
=-373.789

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1011.228 + 230.963 + 88.811) - (1528.697 + 0 + 105.022)
=-302.717

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tangshan Jidong Equipment Engineering Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=42.797/2384.726
=1.79 %

* 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.


Tangshan Jidong Equipment Engineering Co EBIT Related Terms

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Tangshan Jidong Equipment Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
No.1, Daqing Road, Hebei Province, Tangshan, CHN, 063020
Tangshan Jidong Equipment Engineering Co Ltd is mainly engaged in the design, development, production, and sales of daily porcelains, sanitary wares, wall and floor tiles, special ceramics, refractory materials, and building ceramics in China. The company has developed into three business sectors including equipment technology research and development, equipment manufacturing, construction, and maintenance. The company concentrates on cement equipment research and development, a production line with the design, energy-saving equipment, new energy equipment, building materials equipment manufacturing, construction, maintenance, and engineering at home and abroad in one stock company.
Executives
Wang Xiao Hua Director
Peng Fu Hua Executives

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