Guangdong Vanward New Electric Co (SZSE:002543) EBIT : ¥729 Mil (TTM As of Mar. 2024)

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What is Guangdong Vanward New Electric Co EBIT?

Guangdong Vanward New Electric Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥204 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥729 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Vanward New Electric Co's annualized ROC % for the quarter that ended in Mar. 2024 was 16.37%. Guangdong Vanward New Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 79.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Vanward New Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.34%.

Guangdong Vanward New Electric Co EBIT Historical Data

The historical data trend for Guangdong Vanward New Electric 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.

Guangdong Vanward New Electric Co EBIT Chart

Guangdong Vanward New Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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756.17

736.24

432.20

647.15

671.94

Guangdong Vanward New Electric 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															146.74	340.10	174.00	11.10	203.92

Competitive Comparison of Guangdong Vanward New Electric Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Vanward New Electric 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.

Guangdong Vanward New Electric Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Vanward New Electric Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Vanward New Electric Co's EV-to-EBIT falls into.

Guangdong Vanward New Electric 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 ¥729 Mil.

Guangdong Vanward New Electric Co (SZSE:002543) EBIT Explanation

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

Guangdong Vanward New Electric 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 )
=	921.22 * ( 1 - 18.26% )	/	( (4389.076	+	4810.291)	/ 2 )
=	753.005228	/	4599.6835
=	16.37 %

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	))
=	8396.616	-	2485	-	( 3187.881	-	max(0, 3793.75	-	5316.29	+	3187.881	))
=	4389.076

	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	))
=	8946.968	-	2454.131	-	( 3659.681	-	max(0, 4192.751	-	5875.297	+	3659.681	))
=	4810.291

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

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

Guangdong Vanward New Electric 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 )
=	815.696	/	( ( (1021.144 + max(-1150.988, 0))	+	(1040.651 + max(-1344.873, 0)) )	/	2 )
=	815.696	/	( ( 1021.144	+	1040.651 )	/	2 )
=	815.696	/	1030.8975
=	79.12 %

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)
=	(859.644	+	820.844	+	130.507)	-	(2485	+	0	+	476.983)
=	-1150.988

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1033.013	+	699.178	+	50.934)	-	(2454.131	+	0	+	673.867)
=	-1344.873

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:

Guangdong Vanward New Electric Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	729.118	/	5465.697
	=	13.34 %

Guangdong Vanward New Electric Co EBIT Related Terms

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Guangdong Vanward New Electric Co (SZSE:002543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Vanward New Electric Co Ltd (SZSE:002543) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No.13, Jianye Mid-Road, Shunde High-Tech Industry Development Zone, Ronggui, Shunde, Foshan, Guangdong, CHN, 528305

Website

http://www.chinavanward.com

Guangdong Vanward New Electric Co Ltd is a China-based company engaged in the manufacture and sale of gas water heaters and other gas appliances. Its main products include gas water heaters, range hoods, as well as air, solar and other new energy hot water products. The company's products are mainly used in domestic hot water, heating and hot water, refrigeration, drying and surplus heat of backwater.

Executives

Huang Shao Yan	Supervisors
Hu Ling	Supervisors
Huang Hui Guang	Supervisors
Li Yue	Executives
Lu Chu Qi	Director

Guangdong Vanward New Electric Co (SZSE:002543) Headlines

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