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Jiangsu LiXing General Steel Ball Co (SZSE:300421) EBIT : ¥75 Mil (TTM As of Jun. 2024)


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What is Jiangsu LiXing General Steel Ball Co EBIT?

Jiangsu LiXing General Steel Ball Co's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ¥20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ¥75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu LiXing General Steel Ball Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.30%. Jiangsu LiXing General Steel Ball Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu LiXing General Steel Ball Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.00%.


Jiangsu LiXing General Steel Ball Co EBIT Historical Data

The historical data trend for Jiangsu LiXing General Steel Ball 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.

Jiangsu LiXing General Steel Ball Co EBIT Chart

Jiangsu LiXing General Steel Ball 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 50.88 80.39 104.92 71.93 73.49

Jiangsu LiXing General Steel Ball Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 19.93 23.75 9.45 22.20 19.87

Competitive Comparison of Jiangsu LiXing General Steel Ball Co's EBIT

For the Steel subindustry, Jiangsu LiXing General Steel Ball 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.


Jiangsu LiXing General Steel Ball Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's EV-to-EBIT falls into.



Jiangsu LiXing General Steel Ball 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥75 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.


Jiangsu LiXing General Steel Ball Co  (SZSE:300421) EBIT Explanation

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

Jiangsu LiXing General Steel Ball Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=81.864 * ( 1 - 3.8% )/( (1496.768 + 1474.58)/ 2 )
=78.753168/1485.674
=5.30 %

where

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))
=1887.702 - 213.58 - ( 177.354 - max(0, 554.846 - 965.364+177.354))
=1496.768

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))
=1775.997 - 217.746 - ( 83.671 - max(0, 424.796 - 865.046+83.671))
=1474.58

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

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

Jiangsu LiXing General Steel Ball Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=79.464/( ( (727.911 + max(423.422, 0)) + (708.651 + max(484.229, 0)) )/ 2 )
=79.464/( ( 1151.333 + 1192.88 )/ 2 )
=79.464/1172.1065
=6.78 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(331.402 + 335.922 + 20.73) - (213.58 + 0 + 51.052)
=423.422

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(379.39 + 322.472 + 17.036) - (217.746 + 0 + 16.923)
=484.229

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Jiangsu LiXing General Steel Ball Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=75.263/2505.745
=3.00 %

* 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.


Jiangsu LiXing General Steel Ball Co EBIT Related Terms

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Jiangsu LiXing General Steel Ball Co Business Description

Traded in Other Exchanges
N/A
Address
No. 68, Xingyuan Avenue, Rugao Town, Jiangsu Province, Rugao, Jiangsu, CHN, 226500
Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.
Executives
Su Yin Jian Supervisors
Zhao Gao Ming Directors, executives
Wang Rong Directors, executives
Sha Xiao Jian Executives
Zhang Bang You Directors, executives
Chen Fang Executives
Wu Xiang Hui Supervisors
Tang Guo Hua Directors, executives
Shi Xiang Gui Directors, executives

Jiangsu LiXing General Steel Ball Co Headlines

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