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Qinglong Pipes Industry Group Co (SZSE:002457) EBIT : ¥188 Mil (TTM As of Sep. 2024)


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What is Qinglong Pipes Industry Group Co EBIT?

Qinglong Pipes Industry Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥188 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Qinglong Pipes Industry Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 6.58%. Qinglong Pipes Industry Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Qinglong Pipes Industry Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.25%.


Qinglong Pipes Industry Group Co EBIT Historical Data

The historical data trend for Qinglong Pipes Industry Group 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.

Qinglong Pipes Industry Group Co EBIT Chart

Qinglong Pipes Industry Group 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 214.80 205.52 204.61 228.65 83.03

Qinglong Pipes Industry Group 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 0.77 42.89 3.75 95.19 46.46

Competitive Comparison of Qinglong Pipes Industry Group Co's EBIT

For the Building Products & Equipment subindustry, Qinglong Pipes Industry Group 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.


Qinglong Pipes Industry Group Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Qinglong Pipes Industry Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Qinglong Pipes Industry Group Co's EV-to-EBIT falls into.


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Qinglong Pipes Industry Group 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 ¥188 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.


Qinglong Pipes Industry Group Co  (SZSE:002457) EBIT Explanation

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

Qinglong Pipes Industry Group 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 )
=210.22 * ( 1 - 3.18% )/( (3132.535 + 3051.781)/ 2 )
=203.535004/3092.158
=6.58 %

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))
=4407.639 - 805.547 - ( 469.557 - max(0, 1823.783 - 3157.66+469.557))
=3132.535

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))
=4471.146 - 878.503 - ( 540.862 - max(0, 1870.754 - 3237.198+540.862))
=3051.781

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

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

Qinglong Pipes Industry Group 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 )
=185.84/( ( (689.545 + max(1483.217, 0)) + (679.588 + max(1453.737, 0)) )/ 2 )
=185.84/( ( 2172.762 + 2133.325 )/ 2 )
=185.84/2153.0435
=8.63 %

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)
=(1386.695 + 901.801 + 299.613) - (805.547 + 0 + 299.345)
=1483.217

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1375.842 + 915.855 + 299.054) - (878.503 + 0 + 258.511)
=1453.737

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:

Qinglong Pipes Industry Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=188.284/4427.997
=4.25 %

* 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.


Qinglong Pipes Industry Group Co EBIT Related Terms

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Qinglong Pipes Industry Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 41, Yuehai Road, 11-13th Floor, Ningxia Water Conservancy Research and Development Building, Ningxia Hui Autonomous Region, Jinfeng District, Yinchuan, CHN, 750002
Qinglong Pipes Industry Group Co Ltd engages in the research and development, production, sales and installation services of various mainstream water supply and drainage pipeline products, pipeline corridors, water-saving irrigation products, gas pipelines, new energy-saving heating pipelines and supporting pipe fittings for the above products, as well as the provision of overall water-saving solutions.
Executives
Ren Zhi Chao Supervisors
Huang Yan Qing Directors, executives
Ma Yue Director
Liu Ling Yun Directors, executives
Du Xue Zhi Director
Wang Ping Director
Chen Jia Xing Director
Lu Li Xin Director
Li Hao Executives
Luan Xin Xiang Director
Fang Ji Liang Supervisors
Wang Li Directors, executives
Li Qian Supervisors
Fan Ren Ping Securities Affairs Representative
Xiao Jing Ning Supervisors

Qinglong Pipes Industry Group Co Headlines

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