GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » EBIT

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) EBIT : ¥404 Mil (TTM As of Jun. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Jiangsu Rainbow Heavy Industries Co EBIT?

Jiangsu Rainbow Heavy Industries Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ¥203 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ¥404 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Rainbow Heavy Industries Co's annualized ROC % for the quarter that ended in Jun. 2024 was 6.18%. Jiangsu Rainbow Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 37.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Rainbow Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 29.35%.


Jiangsu Rainbow Heavy Industries Co EBIT Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co EBIT Chart

Jiangsu Rainbow Heavy Industries 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 195.59 307.86 478.65 272.68 344.13

Jiangsu Rainbow Heavy Industries Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 191.00 130.13 -71.92 142.08 203.23

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's EBIT

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.


Jiangsu Rainbow Heavy Industries Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's EV-to-EBIT falls into.



Jiangsu Rainbow Heavy Industries 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥404 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.


Jiangsu Rainbow Heavy Industries Co  (SZSE:002483) EBIT Explanation

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

Jiangsu Rainbow Heavy Industries Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=639.42 * ( 1 - 28.44% )/( (6906.646 + 7904.741)/ 2 )
=457.568952/7405.6935
=6.18 %

where

Invested Capital(Q: Mar. 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))
=10041.218 - 1425.549 - ( 3064.777 - max(0, 5106.589 - 6815.612+3064.777))
=6906.646

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))
=11184.388 - 1520.815 - ( 3506.592 - max(0, 6233.787 - 7992.619+3506.592))
=7904.741

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

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

Jiangsu Rainbow Heavy Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=812.904/( ( (2164.816 + max(-1117.818, 0)) + (2153.247 + max(-1441.473, 0)) )/ 2 )
=812.904/( ( 2164.816 + 2153.247 )/ 2 )
=812.904/2159.0315
=37.65 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1196.264 + 1212.11 + 669.223) - (1425.549 + 0 + 2769.866)
=-1117.818

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1317.99 + 1350.388 + 1133.082) - (1520.815 + 0 + 3722.118)
=-1441.473

When net working capital is negative, 0 is used.

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

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

Jiangsu Rainbow Heavy Industries Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=403.512/1374.802
=29.35 %

* 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.


Jiangsu Rainbow Heavy Industries Co EBIT Related Terms

Thank you for viewing the detailed overview of Jiangsu Rainbow Heavy Industries Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu Rainbow Heavy Industries Co Business Description

Traded in Other Exchanges
N/A
Address
No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010
Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.
Executives
Sha Ming Jun Director
Wu Jian Directors, executives
Xie Gui Xing Directors, executives, directors
Sun Jian Cheng Executives
Li Xiao Qin Executives
Lin Bo Executives

Jiangsu Rainbow Heavy Industries Co Headlines

No Headlines