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Ningbo Cixing Co (SZSE:300307) EBIT : ¥343 Mil (TTM As of Mar. 2024)


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What is Ningbo Cixing Co EBIT?

Ningbo Cixing Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥258 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥343 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Cixing Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.80%. Ningbo Cixing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 62.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo Cixing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.97%.


Ningbo Cixing Co EBIT Historical Data

The historical data trend for Ningbo Cixing 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.

Ningbo Cixing Co EBIT Chart

Ningbo Cixing 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 -851.95 -550.06 74.17 117.85 128.21

Ningbo Cixing 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 43.14 66.27 25.71 -6.92 258.08

Competitive Comparison of Ningbo Cixing Co's EBIT

For the Specialty Industrial Machinery subindustry, Ningbo Cixing 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.


Ningbo Cixing Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Cixing Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo Cixing Co's EV-to-EBIT falls into.



Ningbo Cixing 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 ¥343 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.


Ningbo Cixing Co  (SZSE:300307) EBIT Explanation

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

Ningbo Cixing 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 )
=276.396 * ( 1 - 2.64% )/( (3431.888 + 3466.299)/ 2 )
=269.0991456/3449.0935
=7.80 %

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))
=4790.647 - 1030.341 - ( 328.418 - max(0, 1842.772 - 2647.182+328.418))
=3431.888

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))
=5059.187 - 1147.871 - ( 445.017 - max(0, 1862.057 - 2753.127+445.017))
=3466.299

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

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

Ningbo Cixing 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 )
=1032.3/( ( (891.535 + max(872.167, 0)) + (873.745 + max(659.322, 0)) )/ 2 )
=1032.3/( ( 1763.702 + 1533.067 )/ 2 )
=1032.3/1648.3845
=62.62 %

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)
=(490.475 + 1086.981 + 567.458) - (1030.341 + 0 + 242.406)
=872.167

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(454.478 + 1117.288 + 567.042) - (1147.871 + 0 + 331.615)
=659.322

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:

Ningbo Cixing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=343.143/4924.760
=6.97 %

* 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.


Ningbo Cixing Co EBIT Related Terms

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Ningbo Cixing Co (SZSE:300307) Business Description

Traded in Other Exchanges
N/A
Address
West Weisan Road, Andong Town Industrial Zone, Cixi, CHN, 315327
Ningbo Cixing Co Ltd is engaged in the research and development, manufacture and distribution of computerized knitting machines. The company's main products include computerized flat knitting machines, computerized seamless underwear circular knitting machines, stocking machine, and circular knitting machine.
Executives
Lu De Chun Executives
Liu Dao Cheng Executives
Hu Xue Qun Supervisors
Sun Ping Fan Directors, executives
Yang Xue Lan Securities Affairs Representative
Li Li Jun Directors, executives

Ningbo Cixing Co (SZSE:300307) Headlines

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