GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Wangneng Environment Co Ltd (SZSE:002034) » Definitions » EBIT

Wangneng Environment Co (SZSE:002034) EBIT : ¥872 Mil (TTM As of Sep. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Wangneng Environment Co EBIT?

Wangneng Environment Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥233 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥872 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wangneng Environment Co's annualized ROC % for the quarter that ended in Sep. 2024 was 5.83%. Wangneng Environment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wangneng Environment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.58%.


Wangneng Environment Co EBIT Historical Data

The historical data trend for Wangneng Environment 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.

Wangneng Environment Co EBIT Chart

Wangneng Environment 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 563.76 743.76 966.14 1,060.22 889.71

Wangneng Environment 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 245.85 109.97 263.83 265.09 232.91

Competitive Comparison of Wangneng Environment Co's EBIT

For the Waste Management subindustry, Wangneng Environment 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.


Wangneng Environment Co's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Wangneng Environment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wangneng Environment Co's EV-to-EBIT falls into.


;
;

Wangneng Environment 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 ¥872 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.


Wangneng Environment Co  (SZSE:002034) EBIT Explanation

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

Wangneng Environment 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 )
=904.644 * ( 1 - 14.66% )/( (13134.994 + 13332.154)/ 2 )
=772.0231896/13233.574
=5.83 %

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))
=14735.908 - 1393.015 - ( 617.301 - max(0, 2225.251 - 2433.15+617.301))
=13134.994

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))
=14927.108 - 1521.114 - ( 704.189 - max(0, 2367.122 - 2440.962+704.189))
=13332.154

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

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

Wangneng Environment 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 )
=931.62/( ( (6085.999 + max(47.578, 0)) + (6269.555 + max(-224.641, 0)) )/ 2 )
=931.62/( ( 6133.577 + 6269.555 )/ 2 )
=931.62/6201.566
=15.02 %

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)
=(1351.516 + 88.791 + 44.28) - (1393.015 + 0 + 43.994)
=47.578

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1217.156 + 88.126 + 49.752) - (1521.114 + 0 + 58.561)
=-224.641

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:

Wangneng Environment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=871.796/13252.362
=6.58 %

* 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.


Wangneng Environment Co EBIT Related Terms

Thank you for viewing the detailed overview of Wangneng Environment Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Wangneng Environment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 899 Huanshan Road, Longxi Street, Wuxing District, Zhejiang Province, Huzhou, CHN, 313000
Wangneng Environment Co Ltd is engaged in providing environmental waste management services. The company provides disposal of solid waste such as household waste, kitchen waste, municipal sludge, and others.
Executives
Ma Jian Zhong Supervisors
Nie Yong Guo Executives
Le De Zhong Executives
Pan Yu Gen Directors, executives
Dan Chao Director
Long Fang Sheng Executives
Fu Min Yong Executives
Jin Lai Fu Director
Liu Zhao He Directors, Directors, and Executives
Xu Xiao Yan Supervisors
Dan Jian Ming Director
Shen Jian Jun Director

Wangneng Environment Co Headlines

No Headlines