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Wuxi Huadong Heavy Machinery Co (SZSE:002685) EBIT : ¥-804 Mil (TTM As of Sep. 2024)


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What is Wuxi Huadong Heavy Machinery Co EBIT?

Wuxi Huadong Heavy Machinery Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-804 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wuxi Huadong Heavy Machinery Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.51%. Wuxi Huadong Heavy Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wuxi Huadong Heavy Machinery Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -13.62%.


Wuxi Huadong Heavy Machinery Co EBIT Historical Data

The historical data trend for Wuxi Huadong Heavy Machinery 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.

Wuxi Huadong Heavy Machinery Co EBIT Chart

Wuxi Huadong Heavy Machinery 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 430.07 -1,054.94 -1,350.27 -174.10 -915.21

Wuxi Huadong Heavy Machinery 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 -44.23 -820.81 18.14 -1.28 -0.39

Competitive Comparison of Wuxi Huadong Heavy Machinery Co's EBIT

For the Farm & Heavy Construction Machinery subindustry, Wuxi Huadong Heavy Machinery 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.


Wuxi Huadong Heavy Machinery Co's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wuxi Huadong Heavy Machinery Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wuxi Huadong Heavy Machinery Co's EV-to-EBIT falls into.


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Wuxi Huadong Heavy Machinery 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 ¥-804 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.


Wuxi Huadong Heavy Machinery Co  (SZSE:002685) EBIT Explanation

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

Wuxi Huadong Heavy Machinery 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 )
=-29.48 * ( 1 - 144.41% )/( (2547.851 + 2548.366)/ 2 )
=13.092068/2548.1085
=0.51 %

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))
=3682.693 - 529.881 - ( 604.961 - max(0, 2090.213 - 2782.693+604.961))
=2547.851

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))
=3573.003 - 469.204 - ( 555.433 - max(0, 2038.612 - 2739.325+555.433))
=2548.366

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

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

Wuxi Huadong Heavy Machinery 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 )
=-1.568/( ( (749.724 + max(63.354, 0)) + (678.686 + max(211.105, 0)) )/ 2 )
=-1.568/( ( 813.078 + 889.791 )/ 2 )
=-1.568/851.4345
=-0.18 %

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)
=(107.076 + 354.896 + 1606.073) - (529.881 + 0 + 1474.81)
=63.354

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.91 + 374.534 + 1669.064) - (469.204 + 0 + 1484.199)
=211.105

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:

Wuxi Huadong Heavy Machinery Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-804.341/5906.436
=-13.62 %

* 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.


Wuxi Huadong Heavy Machinery Co EBIT Related Terms

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Wuxi Huadong Heavy Machinery Co Business Description

Traded in Other Exchanges
N/A
Address
No. 508 Gaolang East Road, 24th Floor, Block B, Huafa Sensing Building, Binhu District, Wuxi, CHN, 214131
Wuxi Huadong Heavy Machinery Co Ltd is engaged in the manufacturing and distribution of container handling equipment. Its product portfolio comprises ship-to-shore container cranes, rail-mounted gantry container cranes, rubber-tyred container cranes, general gantry cranes, portal cranes and other types of cranes. These cranes are widely used in domestic seaports. Besides, The company also exported its products to South Korea, Indonesia, Thailand, Bangladesh, Kazakhstan and other South-east Asia and West Asia countries.
Executives
Zhu Zhi Guo Directors, executives
Sun Xin Wei Independent director
Zhou Wen Yuan Director
Xu Da Peng Director, representative of securities affairs
Weng Yao Gen Director
Chen Xiang Supervisors
Gu Wen Yuan Directors, executives
Weng Jie Directors, executives

Wuxi Huadong Heavy Machinery Co Headlines

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