Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) EBIT : ¥518 Mil (TTM As of Dec. 2024)

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What is Wuxi Double Elephant Micro Fibre Material Co EBIT?

Wuxi Double Elephant Micro Fibre Material Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥422 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥518 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wuxi Double Elephant Micro Fibre Material Co's annualized ROC % for the quarter that ended in Dec. 2024 was 12.19%. Wuxi Double Elephant Micro Fibre Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 179.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wuxi Double Elephant Micro Fibre Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 12.51%.

Wuxi Double Elephant Micro Fibre Material Co EBIT Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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.

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Wuxi Double Elephant Micro Fibre Material Co EBIT Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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49.14

57.43

-46.05

65.33

517.68

Wuxi Double Elephant Micro Fibre Material Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
EBIT	Get a 7-Day Free Trial															10.47	23.47	34.26	37.76	422.19

Competitive Comparison of Wuxi Double Elephant Micro Fibre Material Co's EBIT

For the Footwear & Accessories subindustry, Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wuxi Double Elephant Micro Fibre Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wuxi Double Elephant Micro Fibre Material Co's EV-to-EBIT falls into.

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Wuxi Double Elephant Micro Fibre Material 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥518 Mil.

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) EBIT Explanation

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

Wuxi Double Elephant Micro Fibre Material Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	235.592 * ( 1 - 7.63% )	/	( (1898.406	+	1671.709)	/ 2 )
=	217.6163304	/	1785.0575
=	12.19 %

where

	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	))
=	2370.615	-	271.115	-	( 201.094	-	max(0, 767.106	-	1065.96	+	201.094	))
=	1898.406

	Invested Capital		(Q: Dec. 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	))
=	2275.454	-	341.891	-	( 261.854	-	max(0, 742.047	-	1164.306	+	261.854	))
=	1671.709

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

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

Wuxi Double Elephant Micro Fibre Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1688.748	/	( ( (923.779 + max(-189.933, 0))	+	(958.507 + max(-228.778, 0)) )	/	2 )
=	1688.748	/	( ( 923.779	+	958.507 )	/	2 )
=	1688.748	/	941.143
=	179.44 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(83.721	+	353.761	+	35.647)	-	(271.115	+	0	+	391.947)
=	-189.933

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54.886	+	301.995	+	55.889)	-	(341.891	+	0	+	299.657)
=	-228.778

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Wuxi Double Elephant Micro Fibre Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	517.677	/	4138.903
	=	12.51 %

Wuxi Double Elephant Micro Fibre Material Co EBIT Related Terms

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Wuxi Double Elephant Micro Fibre Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

Executives

Wang Hao	Director
Wang Chun Long	Director

Wuxi Double Elephant Micro Fibre Material Co Headlines

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