Hangzhou Everfine Photo-e-info Co (SZSE:300306) EBIT : ¥98.1 Mil (TTM As of Sep. 2024)

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What is Hangzhou Everfine Photo-e-info Co EBIT?

Hangzhou Everfine Photo-e-info Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥19.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥98.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou Everfine Photo-e-info Co's annualized ROC % for the quarter that ended in Sep. 2024 was 10.02%. Hangzhou Everfine Photo-e-info Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 31.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou Everfine Photo-e-info Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.61%.

Hangzhou Everfine Photo-e-info Co EBIT Historical Data

The historical data trend for Hangzhou Everfine Photo-e-info 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.

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Hangzhou Everfine Photo-e-info Co EBIT Chart

Hangzhou Everfine Photo-e-info Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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133.30

104.93

112.94

89.80

101.47

Hangzhou Everfine Photo-e-info 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															19.28	42.61	12.64	23.33	19.51

Competitive Comparison of Hangzhou Everfine Photo-e-info Co's EBIT

For the Electronic Components subindustry, Hangzhou Everfine Photo-e-info 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.

Hangzhou Everfine Photo-e-info Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hangzhou Everfine Photo-e-info Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou Everfine Photo-e-info Co's EV-to-EBIT falls into.

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Hangzhou Everfine Photo-e-info 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 ¥98.1 Mil.

Hangzhou Everfine Photo-e-info Co (SZSE:300306) EBIT Explanation

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

Hangzhou Everfine Photo-e-info 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 )
=	68.452 * ( 1 - 1.52% )	/	( (678.733	+	666.409)	/ 2 )
=	67.4115296	/	672.571
=	10.02 %

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	))
=	1641.8	-	44.492	-	( 918.575	-	max(0, 144.563	-	1134.807	+	918.575	))
=	678.733

	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	))
=	1685.161	-	66.137	-	( 952.615	-	max(0, 167.356	-	1169.194	+	952.615	))
=	666.409

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

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

Hangzhou Everfine Photo-e-info 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 )
=	78.024	/	( ( (186.804 + max(67.214, 0))	+	(201.479 + max(43.07, 0)) )	/	2 )
=	78.024	/	( ( 254.018	+	244.549 )	/	2 )
=	78.024	/	249.2835
=	31.30 %

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)
=	(20.325	+	166.201	+	24.792)	-	(44.492	+	0	+	99.612)
=	67.214

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(24.197	+	160.83	+	24.929)	-	(66.137	+	0	+	100.749)
=	43.07

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:

Hangzhou Everfine Photo-e-info Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	98.084	/	1749.800
	=	5.61 %

Hangzhou Everfine Photo-e-info Co EBIT Related Terms

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Hangzhou Everfine Photo-e-info Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Everfine Photo-e-info Co Ltd (SZSE:300306) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 669, Binkang Road, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

https://www.everfine.cn

Hangzhou Everfine Photo-e-info Co Ltd operates in the light-emitting diode (LED) module and lighting industry. The company offers LED and lighting measurement, vehicle and airborne display, backlight and LCM module, optical instruments, ultraviolet spectrometer, EMC measurement device and electronic testers. The products have been exported to the United States, Europe, Japan and other developed countries and regions.

Executives

Min Fang Sheng	Supervisors
Lu Jie	Director
Zou Jian Jun	Director
Zhang Wei	Supervisors
Hu Hong Ying	Director
Meng Zheng	Director
Li Qian	Supervisors

Hangzhou Everfine Photo-e-info Co Headlines

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