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Winall Hi-tech Seed Co (SZSE:300087) EBIT : ¥387 Mil (TTM As of Mar. 2024)


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What is Winall Hi-tech Seed Co EBIT?

Winall Hi-tech Seed Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥387 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Winall Hi-tech Seed Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.14%. Winall Hi-tech Seed Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.26%.


Winall Hi-tech Seed Co EBIT Historical Data

The historical data trend for Winall Hi-tech Seed 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.

Winall Hi-tech Seed Co EBIT Chart

Winall Hi-tech Seed 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 87.82 165.41 238.68 343.94 400.14

Winall Hi-tech Seed 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 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 45.25 34.37 -45.90 366.41 32.27

Competitive Comparison of Winall Hi-tech Seed Co's EBIT

For the Farm Products subindustry, Winall Hi-tech Seed 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.


Winall Hi-tech Seed Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Winall Hi-tech Seed Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Winall Hi-tech Seed Co's EV-to-EBIT falls into.



Winall Hi-tech Seed 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 ¥387 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.


Winall Hi-tech Seed Co  (SZSE:300087) EBIT Explanation

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

Winall Hi-tech Seed 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 )
=121.484 * ( 1 - 1.99% )/( (3409.006 + 4170.485)/ 2 )
=119.0664684/3789.7455
=3.14 %

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))
=6709.797 - 1769.957 - ( 1530.834 - max(0, 3361.756 - 5025.088+1530.834))
=3409.006

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))
=6211.014 - 914.825 - ( 1125.704 - max(0, 2868.674 - 4531.067+1125.704))
=4170.485

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

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

Winall Hi-tech Seed 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 )
=129.072/( ( (695.021 + max(929.377, 0)) + (682.452 + max(1678.639, 0)) )/ 2 )
=129.072/( ( 1624.398 + 2361.091 )/ 2 )
=129.072/1992.7445
=6.48 %

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)
=(555.944 + 2358.192 + 550.701) - (1769.957 + 0 + 765.503)
=929.377

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(633.843 + 2074.532 + 671.35) - (914.825 + 0 + 786.261)
=1678.639

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:

Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=387.152/7361.575
=5.26 %

* 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.


Winall Hi-tech Seed Co EBIT Related Terms

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Winall Hi-tech Seed Co (SZSE:300087) Business Description

Traded in Other Exchanges
N/A
Address
Tian Chi Road, Hefei High-tech Industrial Development Zone No 3, Hefei, CHN, 230088
Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.
Executives
Zhang Qin Directors, executives
Jiang San Qiao Executives
Zhang Cong He Executives
Zhu Quan Gui Executives
Gao Sheng Cong Executives
Jia Gui Lan Director
Chen Jin Jie Director
Wang Jin Directors, executives
Feng Qi Supervisors
Xu Wen Jian Director
Gao Jian Director
Wang Qun Executives
Li Cheng Quan Director
Jiang Xiao Min Supervisors

Winall Hi-tech Seed Co (SZSE:300087) Headlines

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