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Anhui Coreach Technology Co (SZSE:002983) EBIT : ¥132.0 Mil (TTM As of Sep. 2024)


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What is Anhui Coreach Technology Co EBIT?

Anhui Coreach Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥23.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥132.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anhui Coreach Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 11.46%. Anhui Coreach Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anhui Coreach Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.89%.


Anhui Coreach Technology Co EBIT Historical Data

The historical data trend for Anhui Coreach 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.

Anhui Coreach Technology Co EBIT Chart

Anhui Coreach Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 108.21 100.87 92.92 117.71 189.64

Anhui Coreach 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 40.89 51.17 36.60 21.23 22.99

Competitive Comparison of Anhui Coreach Technology Co's EBIT

For the Electronic Components subindustry, Anhui Coreach 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.


Anhui Coreach Technology Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Coreach Technology Co's EV-to-EBIT distribution charts can be found below:

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


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Anhui Coreach 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 ¥132.0 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.


Anhui Coreach Technology Co  (SZSE:002983) EBIT Explanation

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

Anhui Coreach 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 )
=91.956 * ( 1 - 4.04% )/( (717.226 + 822.832)/ 2 )
=88.2409776/770.029
=11.46 %

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))
=1739.856 - 346.852 - ( 675.778 - max(0, 350.845 - 1341.418+675.778))
=717.226

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))
=1820.232 - 396.881 - ( 600.519 - max(0, 402.96 - 1403.448+600.519))
=822.832

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

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

Anhui Coreach 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 )
=91.956/( ( (270.43 + max(128.655, 0)) + (285.935 + max(201.827, 0)) )/ 2 )
=91.956/( ( 399.085 + 487.762 )/ 2 )
=91.956/443.4235
=20.74 %

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)
=(320.389 + 139.96 + 18.046) - (346.852 + 0 + 2.888)
=128.655

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(406.96 + 156.444 + 39.746) - (396.881 + 0 + 4.442)
=201.827

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=131.989/3392.808
=3.89 %

* 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.


Anhui Coreach Technology Co EBIT Related Terms

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Anhui Coreach Technology Co Business Description

Traded in Other Exchanges
N/A
Address
6988 Fangxing Avenue, Xinruida Technology Park, Hefei Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230000
Anhui Coreach Technology Co Ltd is engaged in research and development, production and sales of new display photoelectric systems and healthy intelligent light source systems. The company develops and promotes a series of technical schemes such as high light efficiency backlight module design, ultra-light and thin backlight module technology, high color gamut display technology, blue light reduction and eye protection display technology. Its products portfolio includes Side - in backlight, Straight Down Backlight, Miniled Backlight, Household Lighting, Commercial Lighting, Education Lighting, Backlight LED, Lighting LED, and Special LED.
Executives
Li Quan Yong Directors, executives
Lv Guo Qiang Independent director
Wang Peng Sheng Executives

Anhui Coreach Technology Co Headlines

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