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Zhejiang Jingxing Paper JSC (SZSE:002067) EBIT : ¥176 Mil (TTM As of Sep. 2024)


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What is Zhejiang Jingxing Paper JSC EBIT?

Zhejiang Jingxing Paper JSC's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥176 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Jingxing Paper JSC's annualized ROC % for the quarter that ended in Sep. 2024 was 0.02%. Zhejiang Jingxing Paper JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Jingxing Paper JSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.15%.


Zhejiang Jingxing Paper JSC EBIT Historical Data

The historical data trend for Zhejiang Jingxing Paper JSC'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.

Zhejiang Jingxing Paper JSC EBIT Chart

Zhejiang Jingxing Paper JSC 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 296.31 417.30 503.54 152.11 122.16

Zhejiang Jingxing Paper JSC 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 19.60 62.40 40.35 49.37 24.38

Competitive Comparison of Zhejiang Jingxing Paper JSC's EBIT

For the Paper & Paper Products subindustry, Zhejiang Jingxing Paper JSC'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 Jingxing Paper JSC's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Jingxing Paper JSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Jingxing Paper JSC's EV-to-EBIT falls into.


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Zhejiang Jingxing Paper JSC 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 ¥176 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.


Zhejiang Jingxing Paper JSC  (SZSE:002067) EBIT Explanation

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

Zhejiang Jingxing Paper JSC'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 )
=1.128 * ( 1 - -1.8% )/( (6389.205 + 6473.446)/ 2 )
=1.148304/6431.3255
=0.02 %

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))
=8072.796 - 555.226 - ( 1128.365 - max(0, 1080.222 - 3035.684+1128.365))
=6389.205

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))
=8374.804 - 687.424 - ( 1213.934 - max(0, 1544.495 - 3323.18+1213.934))
=6473.446

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

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

Zhejiang Jingxing Paper JSC'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 )
=97.5/( ( (3972.333 + max(780.523, 0)) + (3904.075 + max(802.978, 0)) )/ 2 )
=97.5/( ( 4752.856 + 4707.053 )/ 2 )
=97.5/4729.9545
=2.06 %

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)
=(488.449 + 827.608 + 44.501) - (555.226 + 0 + 24.809)
=780.523

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(475.984 + 1012.427 + 53.336) - (687.424 + 0 + 51.345)
=802.978

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:

Zhejiang Jingxing Paper JSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=176.485/5610.990
=3.15 %

* 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.


Zhejiang Jingxing Paper JSC EBIT Related Terms

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Zhejiang Jingxing Paper JSC Business Description

Traded in Other Exchanges
N/A
Address
Caoqiao Town, Zhejiang Province, Pinghu, CHN, 314214
Zhejiang Jingxing Paper JSC Ltd is a Chinese company operating in the paper and packaging industry. It manufactures paper and paper products. The company's products include kraft paper, white craft paper, high strength Corrugating medium, bobbin paper, cardboard boxes, household paper products, and other products.
Executives
Zhu Zai Long Director
Shen Shou Xian Supervisors
Liu Chun Xiang Director
Nie Rong Kun Director
Sheng Xiao Ying Director
Wang Wei Min Director
Lu Fu Gui Supervisors
Zhu Xi Kun Independent director, within six months of separat

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