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Ruitai Materials Technology Co (SZSE:002066) EBIT : ¥216 Mil (TTM As of Sep. 2024)


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What is Ruitai Materials Technology Co EBIT?

Ruitai Materials Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥216 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ruitai Materials Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 3.10%. Ruitai Materials Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ruitai Materials Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.86%.


Ruitai Materials Technology Co EBIT Historical Data

The historical data trend for Ruitai Materials Technology 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.

Ruitai Materials Technology Co EBIT Chart

Ruitai Materials Technology 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 194.41 198.72 216.37 230.06 232.32

Ruitai Materials Technology 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 48.97 75.62 59.85 48.23 31.98

Competitive Comparison of Ruitai Materials Technology Co's EBIT

For the Building Materials subindustry, Ruitai Materials Technology 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.


Ruitai Materials Technology Co's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ruitai Materials Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ruitai Materials Technology Co's EV-to-EBIT falls into.



Ruitai Materials Technology 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 ¥216 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.


Ruitai Materials Technology Co  (SZSE:002066) EBIT Explanation

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

Ruitai Materials Technology 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 )
=121.768 * ( 1 - 28.17% )/( (2789.873 + 2857.824)/ 2 )
=87.4659544/2823.8485
=3.10 %

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))
=5007.648 - 1851.428 - ( 366.347 - max(0, 2698.531 - 3649.164+366.347))
=2789.873

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))
=5091.128 - 1906.118 - ( 327.186 - max(0, 2764.722 - 3723.822+327.186))
=2857.824

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

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

Ruitai Materials Technology 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 )
=127.92/( ( (1053.814 + max(78.083, 0)) + (1057.595 + max(-24.512000000001, 0)) )/ 2 )
=127.92/( ( 1131.897 + 1057.595 )/ 2 )
=127.92/1094.746
=11.68 %

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)
=(1023.21 + 1131.133 + 120.007) - (1851.428 + 0 + 344.839)
=78.083

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1015.176 + 1049.297 + 123.673) - (1906.118 + 0 + 306.54)
=-24.512000000001

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:

Ruitai Materials Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=215.676/3682.028
=5.86 %

* 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.


Ruitai Materials Technology Co EBIT Related Terms

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Ruitai Materials Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.1, Wuliqiao 1st Street, Building 27, Chaoyang District, Beijing, CHN, 100024
Ruitai Materials Technology Co Ltd is a China-based company engaged in the development and production of shaped and amorphous refractory materials and various types of wear-resistant materials. The company provides a fused cast, basic, alumina-silica, silica, and unshaped refractories, as well as polybasic alloyed casting balls and bars, and low chromium alloyed castings and capsules. It also provides installation and transportation services for high-temperature furnaces. It caters to the glass, cement, nonferrous, electrical and petrochemical industry.
Executives
Ma Zhen Zhu Director
Dai Zhang You Executives
Sun Xiang Yun Director
Ceng Da Fan Director
Hu Jie Supervisors
Cheng Jie Supervisors
Gu Su Qin Director
Hu Jian Kun Director

Ruitai Materials Technology Co Headlines

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