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Xingye Leather Technology Co (SZSE:002674) EBIT : ¥230 Mil (TTM As of Sep. 2024)


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What is Xingye Leather Technology Co EBIT?

Xingye Leather Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥230 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xingye Leather Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 13.76%. Xingye Leather Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xingye Leather Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.93%.


Xingye Leather Technology Co EBIT Historical Data

The historical data trend for Xingye Leather Technology 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.

Xingye Leather Technology Co EBIT Chart

Xingye Leather Technology 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 149.77 151.70 232.59 218.34 296.45

Xingye Leather Technology 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 125.54 30.44 59.23 47.22 93.06

Competitive Comparison of Xingye Leather Technology Co's EBIT

For the Textile Manufacturing subindustry, Xingye Leather Technology 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.


Xingye Leather Technology Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Xingye Leather Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xingye Leather Technology Co's EV-to-EBIT falls into.


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Xingye Leather Technology 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 ¥230 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.


Xingye Leather Technology Co  (SZSE:002674) EBIT Explanation

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

Xingye Leather Technology 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 )
=454.44 * ( 1 - 12.82% )/( (2810.63 + 2948.113)/ 2 )
=396.180792/2879.3715
=13.76 %

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))
=4277.228 - 417.219 - ( 1049.379 - max(0, 1234.014 - 2974.238+1049.379))
=2810.63

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))
=4326.479 - 479.492 - ( 898.874 - max(0, 1243.379 - 2999.927+898.874))
=2948.113

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

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

Xingye Leather Technology 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 )
=372.24/( ( (849.646 + max(1328.377, 0)) + (860.845 + max(1463.938, 0)) )/ 2 )
=372.24/( ( 2178.023 + 2324.783 )/ 2 )
=372.24/2251.403
=16.53 %

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)
=(399.371 + 1235.542 + 183.915) - (417.219 + 0 + 73.232)
=1328.377

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(523.016 + 1279.331 + 213.649) - (479.492 + 0 + 72.566)
=1463.938

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:

Xingye Leather Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=229.946/3319.009
=6.93 %

* 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.


Xingye Leather Technology Co EBIT Related Terms

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Xingye Leather Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Xingye Road, Anhai Second Industrial Zone, Fujian Province, Jinjiang, CHN, 362261
Xingye Leather Technology Co Ltd is engaged as a supplier of shoe leather materials. The products of the company include Napa series, natural wrestling series, and special effect leather series.
Executives
Sun Hui Yong Directors, executives
Cai Yi Lei Executives
Cai Jian She Directors, executives
Wu Hua Chun Director
Li Guang Qing Executives
Su Jian Zhong Supervisors
Zhang Liang Securities Affairs Representative
Ran Chong Yuan Directors, executives
Wu Mei Li Directors, executives

Xingye Leather Technology Co Headlines

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