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Loctek Ergonomic Technology (SZSE:300729) EBIT : ¥573 Mil (TTM As of Sep. 2024)


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What is Loctek Ergonomic Technology EBIT?

Loctek Ergonomic Technology's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥177 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥573 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Loctek Ergonomic Technology's annualized ROC % for the quarter that ended in Sep. 2024 was 4.93%. Loctek Ergonomic Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Loctek Ergonomic Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.03%.


Loctek Ergonomic Technology EBIT Historical Data

The historical data trend for Loctek Ergonomic Technology'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.

Loctek Ergonomic Technology EBIT Chart

Loctek Ergonomic Technology 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 79.12 257.15 245.37 335.62 885.40

Loctek Ergonomic Technology 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 97.31 139.49 136.39 120.71 176.81

Competitive Comparison of Loctek Ergonomic Technology's EBIT

For the Business Equipment & Supplies subindustry, Loctek Ergonomic Technology'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.


Loctek Ergonomic Technology's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Loctek Ergonomic Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Loctek Ergonomic Technology's EV-to-EBIT falls into.


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Loctek Ergonomic Technology 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 ¥573 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.


Loctek Ergonomic Technology  (SZSE:300729) EBIT Explanation

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

Loctek Ergonomic Technology'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 )
=409 * ( 1 - 24.73% )/( (5898.453 + 6581.866)/ 2 )
=307.8543/6240.1595
=4.93 %

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))
=7857.808 - 843.63 - ( 1978.467 - max(0, 2152.782 - 3268.507+1978.467))
=5898.453

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))
=8949.452 - 1067.783 - ( 2610.875 - max(0, 2642.415 - 3942.218+2610.875))
=6581.866

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

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

Loctek Ergonomic Technology'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 )
=707.232/( ( (4145.118 + max(327.681, 0)) + (4534.062 + max(117.444, 0)) )/ 2 )
=707.232/( ( 4472.799 + 4651.506 )/ 2 )
=707.232/4562.1525
=15.50 %

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)
=(367.402 + 536.597 + 344.814) - (843.63 + 0 + 77.502)
=327.681

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(465.603 + 513.703 + 297.897) - (1067.783 + 0 + 91.976)
=117.444

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:

Loctek Ergonomic Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=573.4/7141.887
=8.03 %

* 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.


Loctek Ergonomic Technology EBIT Related Terms

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Loctek Ergonomic Technology Business Description

Traded in Other Exchanges
N/A
Address
No.757 Rili Middle Road, Floor 20 Aux Building, Yinzhou District, Ningbo, CHN, 315199
Loctek Ergonomic Technology Corp is a China-based company. The company manufactures office systems and equipment including height adjustable desk, sit-stand workstation, monitor arm, TV wall mount specifically designed for plasma, LCD, and LED TVs and exercise bike in China. It also offers table mounts, wall furniture, carts, projector screen, speaker stands.
Executives
Jiang Yi Director
Gu Chao Feng Executives
Xiang Le Hong Directors, executives
Zhu Wei Directors, Directors, and Executives
Pan Yun Ping Directors, executives
Bai Mi Securities Affairs Representative
Zhang Xin Directors, executives
Wu Ya Jun Independent director

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