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Shandong Weida Machinery Co (SZSE:002026) EBIT : ¥313 Mil (TTM As of Sep. 2024)


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What is Shandong Weida Machinery Co EBIT?

Shandong Weida Machinery Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Weida Machinery Co's annualized ROC % for the quarter that ended in Sep. 2024 was 8.67%. Shandong Weida Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Weida Machinery Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.72%.


Shandong Weida Machinery Co EBIT Historical Data

The historical data trend for Shandong Weida Machinery 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.

Shandong Weida Machinery Co EBIT Chart

Shandong Weida Machinery 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 171.45 317.90 449.04 272.32 215.48

Shandong Weida Machinery Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 45.26 78.01 75.05 99.11 60.92

Competitive Comparison of Shandong Weida Machinery Co's EBIT

For the Specialty Industrial Machinery subindustry, Shandong Weida Machinery 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.


Shandong Weida Machinery Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Weida Machinery Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Weida Machinery Co's EV-to-EBIT falls into.


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Shandong Weida Machinery 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 ¥313 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.


Shandong Weida Machinery Co  (SZSE:002026) EBIT Explanation

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

Shandong Weida Machinery 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 )
=212.176 * ( 1 - 4.93% )/( (2248.31 + 2403.012)/ 2 )
=201.7157232/2325.661
=8.67 %

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))
=4980.655 - 776.806 - ( 1955.539 - max(0, 1383.371 - 3404.258+1955.539))
=2248.31

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))
=4883.747 - 590.895 - ( 1889.84 - max(0, 1233.828 - 3335.73+1889.84))
=2403.012

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

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

Shandong Weida Machinery 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 )
=243.668/( ( (806.752 + max(480.061, 0)) + (823.054 + max(709.662, 0)) )/ 2 )
=243.668/( ( 1286.813 + 1532.716 )/ 2 )
=243.668/1409.7645
=17.28 %

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)
=(545.506 + 577.116 + 207.135) - (776.806 + 0 + 72.89)
=480.061

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(548.74 + 569.16 + 264.056) - (590.895 + 0 + 81.399)
=709.662

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:

Shandong Weida Machinery Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=313.078/3219.559
=9.72 %

* 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.


Shandong Weida Machinery Co EBIT Related Terms

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Shandong Weida Machinery Co Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Zhonghan Road, Manshan Town, Shandong Province, Wendeng, CHN, 264414
Shandong Weida Machinery Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of different kinds of chucks, saw blades for cutting wood, steel and stone, accessories of sinter parts and Investment casting parts. The firm offers its products within four main categories including the classic key type chucks, keyless chucks, chucks with lock, and self-tightening chucks. It sales its products in the china and overseas market. Its product offerings include die casting products, reciprocating saw speed control device, VS80 power tool switch, VS80B series variable speed switch, precision casting, powder metallurgy, and switches.
Executives
Liu You Cai Directors, executives
Huang Jian Zhong Director
Song Zhan You Directors, executives
Yang Gui Mo Director
Yang Gui Jun Director
Cong Hu Long Supervisors
Yang Ming Yan Director
Wang Ji Shun Executives

Shandong Weida Machinery Co Headlines

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