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Wuxi Chemical Equipment Co (SZSE:001332) EBIT : ¥161 Mil (TTM As of Mar. 2024)


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What is Wuxi Chemical Equipment Co EBIT?

Wuxi Chemical Equipment Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥37 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥161 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wuxi Chemical Equipment Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.72%. Wuxi Chemical Equipment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 29.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wuxi Chemical Equipment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.30%.


Wuxi Chemical Equipment Co EBIT Historical Data

The historical data trend for Wuxi Chemical Equipment 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.

Wuxi Chemical Equipment Co EBIT Chart

Wuxi Chemical Equipment Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 197.46 231.58 265.43 264.18 188.53

Wuxi Chemical Equipment Co Quarterly Data
Dec13 Dec14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 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 64.32 53.18 -1.81 72.85 36.81

Competitive Comparison of Wuxi Chemical Equipment Co's EBIT

For the Specialty Industrial Machinery subindustry, Wuxi Chemical Equipment 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.


Wuxi Chemical Equipment Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Chemical Equipment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wuxi Chemical Equipment Co's EV-to-EBIT falls into.



Wuxi Chemical Equipment 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 ¥161 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.


Wuxi Chemical Equipment Co  (SZSE:001332) EBIT Explanation

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

Wuxi Chemical Equipment 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 )
=147.248 * ( 1 - 15% )/( (1558.071 + 1683.548)/ 2 )
=125.1608/1620.8095
=7.72 %

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))
=3381.829 - 403.927 - ( 1419.831 - max(0, 1139.555 - 2723.173+1419.831))
=1558.071

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))
=3347.586 - 327.08 - ( 1336.958 - max(0, 1068.17 - 2708.172+1336.958))
=1683.548

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

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

Wuxi Chemical Equipment 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 )
=147.248/( ( (429.874 + max(-1.8280000000007, 0)) + (429.847 + max(141.578, 0)) )/ 2 )
=147.248/( ( 429.874 + 571.425 )/ 2 )
=147.248/500.6495
=29.41 %

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)
=(360.138 + 687.721 + 89.867999999999) - (403.927 + 0 + 735.628)
=-1.8280000000007

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(347.525 + 735.263 + 126.96) - (327.08 + 0 + 741.09)
=141.578

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:

Wuxi Chemical Equipment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=161.027/2205.457
=7.30 %

* 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.


Wuxi Chemical Equipment Co EBIT Related Terms

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Wuxi Chemical Equipment Co (SZSE:001332) Business Description

Traded in Other Exchanges
N/A
Address
No. 36, Huayi Road, Binhu District, Jiangsu Province, Wuxi City, CHN, 214131
Wuxi Chemical Equipment Co Ltd is engaged in research and development, design, manufacture, sales and related technical services of metal pressure vessels used in petrochemical, fine chemical, natural gas, marines engineering equipment, nuclear power, solar photovoltaic and photothermal power generation.

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