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Ningbo David Medical Device Co (SZSE:300314) EBIT : ¥153.4 Mil (TTM As of Mar. 2024)


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What is Ningbo David Medical Device Co EBIT?

Ningbo David Medical Device Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥44.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥153.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo David Medical Device Co's annualized ROC % for the quarter that ended in Mar. 2024 was 33.62%. Ningbo David Medical Device Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 66.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo David Medical Device Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.64%.


Ningbo David Medical Device Co EBIT Historical Data

The historical data trend for Ningbo David Medical Device 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 David Medical Device Co EBIT Chart

Ningbo David Medical Device 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 69.80 101.90 87.23 112.27 166.82

Ningbo David Medical Device 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 57.95 46.26 35.26 27.36 44.56

Competitive Comparison of Ningbo David Medical Device Co's EBIT

For the Medical Devices subindustry, Ningbo David Medical Device 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 David Medical Device Co's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ningbo David Medical Device Co's EV-to-EBIT distribution charts can be found below:

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



Ningbo David Medical Device 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 ¥153.4 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 David Medical Device Co  (SZSE:300314) EBIT Explanation

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

Ningbo David Medical Device 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 )
=179.996 * ( 1 - 14.23% )/( (410.269 + 508.181)/ 2 )
=154.3825692/459.225
=33.62 %

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))
=1374.083 - 172.184 - ( 791.63 - max(0, 197.437 - 992.405+791.63))
=410.269

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))
=1364.965 - 130.262 - ( 726.522 - max(0, 150.248 - 964.633+726.522))
=508.181

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 David Medical Device 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 )
=178.252/( ( (221.325 + max(4.7919999999999, 0)) + (224.659 + max(88.823, 0)) )/ 2 )
=178.252/( ( 226.117 + 313.482 )/ 2 )
=178.252/269.7995
=66.07 %

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)
=(23.825 + 159.373 + 14.324) - (172.184 + 0 + 20.546)
=4.7919999999999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.494 + 161.62 + 26.794) - (130.262 + 0 + 16.823)
=88.823

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 David Medical Device Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=153.435/2721.557
=5.64 %

* 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 David Medical Device Co EBIT Related Terms

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Ningbo David Medical Device Co (SZSE:300314) Business Description

Traded in Other Exchanges
N/A
Address
No.35, Jinxing Road, Binhai Industry Park, Ningbo, CHN, 315712
Ningbo David Medical Device Co Ltd operates in the medical device industry. The company specializes in an independent research and development, production and distribution of medical equipment. The main products of the company are infant incubator, transport incubator, infant radiant warmer, neonate bilirubin phototherapy equipment and infant resuscitator.
Executives
Ma Jian Min Executives
Chen Zai Hong Directors, executives
Chen Yun Qin Director
Mao Tian Yi Executives
Li Ze Dong Directors, Directors, and Executives
Lin Ding Yu Executives
Yu Yong Wei Directors, executives
Wang Yao Independent director
Xu Fang Fang Director

Ningbo David Medical Device Co (SZSE:300314) Headlines

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