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Western Metal Materials Co (SZSE:002149) EBIT : ¥280 Mil (TTM As of Sep. 2024)


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What is Western Metal Materials Co EBIT?

Western Metal Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥280 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Metal Materials Co's annualized ROC % for the quarter that ended in Sep. 2024 was 3.36%. Western Metal Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Metal Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.67%.


Western Metal Materials Co EBIT Historical Data

The historical data trend for Western Metal Materials 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.

Western Metal Materials Co EBIT Chart

Western Metal Materials 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 185.63 204.46 233.77 319.87 353.23

Western Metal Materials 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 96.72 72.49 64.94 92.30 50.02

Competitive Comparison of Western Metal Materials Co's EBIT

For the Other Industrial Metals & Mining subindustry, Western Metal Materials 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.


Western Metal Materials Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Metal Materials Co's EV-to-EBIT distribution charts can be found below:

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


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Western Metal Materials 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 ¥280 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.


Western Metal Materials Co  (SZSE:002149) EBIT Explanation

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

Western Metal Materials 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 )
=174.656 * ( 1 - -0.15% )/( (5127.032 + 5278.557)/ 2 )
=174.917984/5202.7945
=3.36 %

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))
=6708.756 - 955.752 - ( 625.972 - max(0, 2957.827 - 4283.009+625.972))
=5127.032

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))
=6838.113 - 1015.146 - ( 544.41 - max(0, 2998.973 - 4319.384+544.41))
=5278.557

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

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

Western Metal Materials 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 )
=200.08/( ( (1698.346 + max(1863.091, 0)) + (1698.502 + max(1840.318, 0)) )/ 2 )
=200.08/( ( 3561.437 + 3538.82 )/ 2 )
=200.08/3550.1285
=5.64 %

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)
=(1354.152 + 1730.399 + 73.439) - (955.752 + 0 + 339.147)
=1863.091

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1542.682 + 1635.774 + 81.187) - (1015.146 + 0 + 404.179)
=1840.318

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=279.754/10493.332
=2.67 %

* 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.


Western Metal Materials Co EBIT Related Terms

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Western Metal Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 56 Keji 3rd Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710065
Western Metal Materials Co Ltd is a China-based company engaged in the research and development, manufacture and sales of rare metal products. It provides rare metal clad materials and products, titanium products, metal fibers and products, refractory metal products, tungsten-molybdenum materials, as well as precious metal products and others. The company is also engaged in the rare metal testing and processing business. The company distributes its products in domestic market and to overseas markets.
Executives
Yang Li Rong Independent director
Yang Yan An Executives
Gu Liang Directors, executives
Zheng Xue Jun Executives
Yang Jian Chao Executives
Liu Yong Executives
Yan Xue Bai Director
Li Zhang Liang Supervisors
Gao Wen Zhu Directors, executives
Zhang Hong Guo Supervisors, within half a year of separation

Western Metal Materials Co Headlines

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