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Dajin Heavy Industry Co (SZSE:002487) EBIT : ¥326 Mil (TTM As of Sep. 2024)


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What is Dajin Heavy Industry Co EBIT?

Dajin Heavy Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥326 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dajin Heavy Industry Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.04%. Dajin Heavy Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dajin Heavy Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.51%.


Dajin Heavy Industry Co EBIT Historical Data

The historical data trend for Dajin Heavy Industry 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.

Dajin Heavy Industry Co EBIT Chart

Dajin Heavy Industry 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 207.16 607.62 689.08 548.74 498.56

Dajin Heavy Industry 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 154.68 19.50 60.19 135.83 110.80

Competitive Comparison of Dajin Heavy Industry Co's EBIT

For the Metal Fabrication subindustry, Dajin Heavy Industry 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.


Dajin Heavy Industry Co's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Dajin Heavy Industry Co's EV-to-EBIT falls into.


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Dajin Heavy Industry 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 ¥326 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.


Dajin Heavy Industry Co  (SZSE:002487) EBIT Explanation

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

Dajin Heavy Industry 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 )
=477.96 * ( 1 - 0.91% )/( (6547.226 + 6901.015)/ 2 )
=473.610564/6724.1205
=7.04 %

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))
=10537.397 - 1581.608 - ( 2408.563 - max(0, 3018.71 - 7315.555+2408.563))
=6547.226

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))
=11564.613 - 2145.483 - ( 2518.115 - max(0, 3893.709 - 8203.964+2518.115))
=6901.015

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

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

Dajin Heavy Industry 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 )
=443.188/( ( (2760.917 + max(1274.134, 0)) + (2857.387 + max(1056.899, 0)) )/ 2 )
=443.188/( ( 4035.051 + 3914.286 )/ 2 )
=443.188/3974.6685
=11.15 %

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)
=(1431.237 + 2004.351 + 788.703) - (1581.608 + 0 + 1368.549)
=1274.134

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1443.706 + 2166.159 + 1308.406) - (2145.483 + 0 + 1715.889)
=1056.899

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:

Dajin Heavy Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=326.311/13012.668
=2.51 %

* 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.


Dajin Heavy Industry Co EBIT Related Terms

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Dajin Heavy Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No.155 Xinqiu Street, Xinqiu District, Liaoning Province, Fuxin, CHN, 123005
Dajin Heavy Industry Co Ltd is a wind power equipment manufacturer. The company's main products include wind power towers and offshore wind power monotube piles and related parts.
Executives
Sun Xiao Le Directors, executives
Jiang Wei Director
Chen Rui Directors, executives
Zhao Yue Qiang Directors, executives
Jin Xin Directors, executives
Cui Zhi Zhong Directors, executives
Jia Yue Dong Supervisors
Wang Xing Hua Executives
Ma Chun Mei Executives
Jie Hong Chen Director

Dajin Heavy Industry Co Headlines

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