Guangdong Rifeng Electric Cable Co (SZSE:002953) EBIT : ¥181 Mil (TTM As of Mar. 2024)

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What is Guangdong Rifeng Electric Cable Co EBIT?

Guangdong Rifeng Electric Cable Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥181 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Rifeng Electric Cable Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.00%. Guangdong Rifeng Electric Cable Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Rifeng Electric Cable Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.21%.

Guangdong Rifeng Electric Cable Co EBIT Historical Data

The historical data trend for Guangdong Rifeng Electric Cable 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 Rifeng Electric Cable Co EBIT Chart

Guangdong Rifeng Electric Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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130.65

126.36

177.27

129.62

175.25

Guangdong Rifeng Electric Cable 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															34.04	58.68	39.02	43.52	39.99

Competitive Comparison of Guangdong Rifeng Electric Cable Co's EBIT

For the Electronics & Computer Distribution subindustry, Guangdong Rifeng Electric Cable 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 Rifeng Electric Cable Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong Rifeng Electric Cable Co's EV-to-EBIT distribution charts can be found below:

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

Guangdong Rifeng Electric Cable 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 ¥181 Mil.

Guangdong Rifeng Electric Cable Co (SZSE:002953) EBIT Explanation

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

Guangdong Rifeng Electric Cable 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 )
=	154.352 * ( 1 - 7.27% )	/	( (1976.779	+	2110.969)	/ 2 )
=	143.1306096	/	2043.874
=	7.00 %

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	))
=	3107.687	-	769.15	-	( 361.758	-	max(0, 1226.895	-	2199.229	+	361.758	))
=	1976.779

	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	))
=	3154.314	-	761.658	-	( 281.687	-	max(0, 1219.88	-	2250.784	+	281.687	))
=	2110.969

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 Rifeng Electric Cable 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 )
=	159.96	/	( ( (669.764 + max(674.096, 0))	+	(666.846 + max(787.678, 0)) )	/	2 )
=	159.96	/	( ( 1343.86	+	1454.524 )	/	2 )
=	159.96	/	1399.192
=	11.43 %

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)
=	(1040.46	+	372.507	+	37.736)	-	(769.15	+	0	+	7.4569999999999)
=	674.096

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1140.841	+	381.394	+	33.643)	-	(761.658	+	0	+	6.5420000000001)
=	787.678

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 Rifeng Electric Cable Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	181.203	/	4304.998
	=	4.21 %

Guangdong Rifeng Electric Cable Co EBIT Related Terms

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Guangdong Rifeng Electric Cable Co (SZSE:002953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Rifeng Electric Cable Co Ltd (SZSE:002953) » Definitions » EBIT

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Traded in Other Exchanges

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Address

Guangfeng Industrial Park, West District, Guangdong Province, Zhongshan, CHN

Website

http://www.rfcable.com.cn

Guangdong Rifeng Electric Cable Co Ltd is a wire and cable manufacturer. It produces all types of cables, including household wires, power cables, rubber cables, control cables, heavy mechanical cables, instrument cables, communication cables, marine cables, connecting cables and power cords. Products are widely used in household appliances, power engineering, petrochemical, metallurgy, construction machinery, communications engineering, wind power, environmental engineering, dam embankment engineering, instrumentation, computer communication control and other fields.

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