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Shandong Meichen Science & Technology Co (SZSE:300237) EBIT : ¥-547 Mil (TTM As of Sep. 2024)


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What is Shandong Meichen Science & Technology Co EBIT?

Shandong Meichen Science & Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-547 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Meichen Science & Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was -4.55%. Shandong Meichen Science & Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 27.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Meichen Science & Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -9.19%.


Shandong Meichen Science & Technology Co EBIT Historical Data

The historical data trend for Shandong Meichen Science & 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.

Shandong Meichen Science & Technology Co EBIT Chart

Shandong Meichen Science & 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 328.14 297.11 -66.25 -1,226.04 -832.22

Shandong Meichen Science & 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 -156.88 -573.56 -25.62 -30.97 82.77

Competitive Comparison of Shandong Meichen Science & Technology Co's EBIT

For the Auto Parts subindustry, Shandong Meichen Science & 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.


Shandong Meichen Science & Technology Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Science & Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Science & Technology Co's EV-to-EBIT falls into.


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Shandong Meichen Science & 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 ¥-547 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.


Shandong Meichen Science & Technology Co  (SZSE:300237) EBIT Explanation

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

Shandong Meichen Science & 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 )
=-132.968 * ( 1 - -89.93% )/( (5886.851 + 5223.754)/ 2 )
=-252.5461224/5555.3025
=-4.55 %

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))
=7733.877 - 2354.125 - ( 92.752 - max(0, 6388.3 - 5881.201+92.752))
=5886.851

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))
=8029.176 - 2810.358 - ( 80.517 - max(0, 6634.036 - 6629.1+80.517))
=5223.754

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

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

Shandong Meichen Science & 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 )
=331.06/( ( (1405.915 + max(-1020.009, 0)) + (1014.622 + max(-1568.689, 0)) )/ 2 )
=331.06/( ( 1405.915 + 1014.622 )/ 2 )
=331.06/1210.2685
=27.35 %

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)
=(1212.214 + 592.431 + 211.414) - (2354.125 + 0 + 681.943)
=-1020.009

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1309.566 + 293.239 + 288.745) - (2810.358 + 0 + 649.881)
=-1568.689

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:

Shandong Meichen Science & Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-547.378/5957.453
=-9.19 %

* 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.


Shandong Meichen Science & Technology Co EBIT Related Terms

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Shandong Meichen Science & Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 12001, Mizhou East Road, Shandong Province, Zhucheng City, CHN, 262200
Shandong Meichen Science & Technology Co Ltd, formerly Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.
Executives
Xu Hai Qin Director
Zhang Lei Director
Zheng Zhao Wei Director
Li Rong Hua Directors, executives
Guo Bai Feng Director
Ma Jing Chun Director
Li Rui Long Executives
Xiao Pan Wen Directors, executives
Sun Pei Zhu Directors, executives
Li Wei Gang Secretary Dong
Zhen Ran Supervisors
Zhao Xiang Yang Independent director
Li Xiao Nan Director

Shandong Meichen Science & Technology Co Headlines

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