Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) EBIT : ¥169 Mil (TTM As of Sep. 2024)

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What is Chongqing Changjiang River Moulding Material (Group) Co EBIT?

Chongqing Changjiang River Moulding Material (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥169 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chongqing Changjiang River Moulding Material (Group) Co's annualized ROC % for the quarter that ended in Sep. 2024 was 6.35%. Chongqing Changjiang River Moulding Material (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chongqing Changjiang River Moulding Material (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.72%.

Chongqing Changjiang River Moulding Material (Group) Co EBIT Historical Data

The historical data trend for Chongqing Changjiang River Moulding Material (Group) 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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Chongqing Changjiang River Moulding Material (Group) Co EBIT Chart

Chongqing Changjiang River Moulding Material (Group) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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114.63

142.15

112.39

79.32

159.85

Chongqing Changjiang River Moulding Material (Group) Co Quarterly Data
	Jun17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															39.08	54.51	33.61	49.33	31.48

Competitive Comparison of Chongqing Changjiang River Moulding Material (Group) Co's EBIT

For the Metal Fabrication subindustry, Chongqing Changjiang River Moulding Material (Group) 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.

Chongqing Changjiang River Moulding Material (Group) Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Changjiang River Moulding Material (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chongqing Changjiang River Moulding Material (Group) Co's EV-to-EBIT falls into.

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Chongqing Changjiang River Moulding Material (Group) 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥169 Mil.

Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) EBIT Explanation

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

Chongqing Changjiang River Moulding Material (Group) Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	119.668 * ( 1 - 24.01% )	/	( (1414.684	+	1448.987)	/ 2 )
=	90.9357132	/	1431.8355
=	6.35 %

where

	Invested Capital		(Q: Jun. 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	))
=	2087.521	-	173.876	-	( 498.961	-	max(0, 229.427	-	1321.387	+	498.961	))
=	1414.684

	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	))
=	2080.262	-	160.145	-	( 471.13	-	max(0, 210.201	-	1305.771	+	471.13	))
=	1448.987

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

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

Chongqing Changjiang River Moulding Material (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	125.924	/	( ( (576.741 + max(476, 0))	+	(503.632 + max(498.322, 0)) )	/	2 )
=	125.924	/	( ( 1052.741	+	1001.954 )	/	2 )
=	125.924	/	1027.3475
=	12.26 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(386.821	+	249.957	+	18.859)	-	(173.876	+	0	+	5.761)
=	476

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(399.737	+	245.426	+	15.927)	-	(160.145	+	0	+	2.623)
=	498.322

When net working capital is negative, 0 is used.

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

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

Chongqing Changjiang River Moulding Material (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	168.935	/	1937.439
	=	8.72 %

Chongqing Changjiang River Moulding Material (Group) Co EBIT Related Terms

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Chongqing Changjiang River Moulding Material (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Changjiang River Moulding Material (Group) Co Ltd (SZSE:001296) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 6, Wuxing Middle Road, Tongjiaxi Town, Beibei District, Chongqing, CHN, 400709

Website

http://www.ccrmm.com.cn

Chongqing Changjiang River Moulding Material (Group) Co Ltd specializes in making resin coated sand, reclaiming used foundry sand, producing auxiliary materials for foundry industry, making sand cores for foundries, and manufacturing proppant for oil and gas industry.

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