Zhejiang Weixing Industrial Development Co (SZSE:002003) EBIT : ¥741 Mil (TTM As of Mar. 2024)

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What is Zhejiang Weixing Industrial Development Co EBIT?

Zhejiang Weixing Industrial Development Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥741 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Weixing Industrial Development Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.08%. Zhejiang Weixing Industrial Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Weixing Industrial Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.56%.

Zhejiang Weixing Industrial Development Co EBIT Historical Data

The historical data trend for Zhejiang Weixing Industrial Development 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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Zhejiang Weixing Industrial Development Co EBIT Chart

Zhejiang Weixing Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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360.05

473.19

531.90

605.96

701.34

Zhejiang Weixing Industrial Development 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															69.19	301.09	281.46	49.60	109.21

Competitive Comparison of Zhejiang Weixing Industrial Development Co's EBIT

For the Apparel Manufacturing subindustry, Zhejiang Weixing Industrial Development 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.

Zhejiang Weixing Industrial Development Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Weixing Industrial Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Weixing Industrial Development Co's EV-to-EBIT falls into.

Zhejiang Weixing Industrial Development 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 ¥741 Mil.

Zhejiang Weixing Industrial Development Co (SZSE:002003) EBIT Explanation

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

Zhejiang Weixing Industrial Development 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 )
=	373.876 * ( 1 - 23.53% )	/	( (3874.954	+	4197.022)	/ 2 )
=	285.9029772	/	4035.988
=	7.08 %

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	))
=	6029.68	-	810.807	-	( 1415.149	-	max(0, 1414.739	-	2758.658	+	1415.149	))
=	3874.954

	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	))
=	6265.848	-	726.024	-	( 1506.635	-	max(0, 1563.295	-	2906.097	+	1506.635	))
=	4197.022

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

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

Zhejiang Weixing Industrial Development 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 )
=	436.852	/	( ( (2570.7 + max(290.406, 0))	+	(2642.296 + max(399.502, 0)) )	/	2 )
=	436.852	/	( ( 2861.106	+	3041.798 )	/	2 )
=	436.852	/	2951.452
=	14.80 %

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)
=	(465.201	+	604.533	+	74.419)	-	(810.807	+	0	+	42.94)
=	290.406

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(389.997	+	734.403	+	77.843)	-	(726.024	+	0	+	76.717)
=	399.502

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:

Zhejiang Weixing Industrial Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	741.361	/	13326.171
	=	5.56 %

Zhejiang Weixing Industrial Development Co EBIT Related Terms

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Zhejiang Weixing Industrial Development Co (SZSE:002003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Weixing Industrial Development Co Ltd (SZSE:002003) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Garden Industrial Zone, Zhejiang Province, Linhai, CHN, 317025

Website

http://www.weixing.cn

Zhejiang Weixing Industrial Development Co Ltd is engaged in the R&D, manufacture and distribution of buttons, zippers, metal products and other clothing accessories in China.

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