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Shandong Mining Machinery Group Co (SZSE:002526) EBIT : ¥218 Mil (TTM As of Mar. 2024)


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What is Shandong Mining Machinery Group Co EBIT?

Shandong Mining Machinery Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥218 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Mining Machinery Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.20%. Shandong Mining Machinery Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Mining Machinery Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.11%.


Shandong Mining Machinery Group Co EBIT Historical Data

The historical data trend for Shandong Mining Machinery 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.

Shandong Mining Machinery Group Co EBIT Chart

Shandong Mining Machinery 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 269.84 194.00 61.36 169.18 242.14

Shandong Mining Machinery Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 62.16 150.38 83.21 -53.61 38.30

Competitive Comparison of Shandong Mining Machinery Group Co's EBIT

For the Specialty Industrial Machinery subindustry, Shandong Mining Machinery 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.


Shandong Mining Machinery Group Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Mining Machinery Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Mining Machinery Group Co's EV-to-EBIT falls into.



Shandong Mining Machinery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥218 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.


Shandong Mining Machinery Group Co  (SZSE:002526) EBIT Explanation

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

Shandong Mining Machinery Group Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=79.012 * ( 1 - 12.07% )/( (3082.442 + 3243.873)/ 2 )
=69.4752516/3163.1575
=2.20 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=4783.556 - 890.099 - ( 811.015 - max(0, 1694.753 - 3333.64+811.015))
=3082.442

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))
=5000.518 - 918.254 - ( 838.391 - max(0, 1895.425 - 3514.115+838.391))
=3243.873

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

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

Shandong Mining Machinery Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=153.188/( ( (718.251 + max(949.999, 0)) + (748.702 + max(971.291, 0)) )/ 2 )
=153.188/( ( 1668.25 + 1719.993 )/ 2 )
=153.188/1694.1215
=9.04 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1248.798 + 746.366 + 196.229) - (890.099 + 0 + 351.295)
=949.999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1324.233 + 896.379 + 152.933) - (918.254 + 0 + 484)
=971.291

When net working capital is negative, 0 is used.

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

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

Shandong Mining Machinery Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=218.277/4272.215
=5.11 %

* 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.


Shandong Mining Machinery Group Co EBIT Related Terms

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Shandong Mining Machinery Group Co (SZSE:002526) Business Description

Traded in Other Exchanges
N/A
Address
Mining Machinery Industrial Park, Economic Development Zone, Changle County, Shandong province, Weifang, CHN
Shandong Mining Machinery Group Co Ltd manufactures and sells various machinery for coal mining, coal washing, mine safety, brick-making, post press packaging, and unmanned aviation industries in China. Its product portfolio comprises UAV, turbojet engines, and aero engines; and robots, 3D printing machines, workshop logistics automation systems, automatic cleaning and die cutting machines, and engineering robots.
Executives
Wang Zi Gang Directors, executives
Zhu Yun Supervisors
Yan Feng Chun Executives
Yang Cheng San Executives
Ji Feng Executives
Chen Xue Wei Directors, executives
Zhao Du Xue Director
Zhang Yi Zhen Director
Zhao Shi Wu Director
Liang Min Supervisors
Director
Wang Yue Jiang Director
Xiao Chang Li Director
Zhong Zhang You Director

Shandong Mining Machinery Group Co (SZSE:002526) Headlines

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