GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » EBIT

TJK Machinery (Tianjin) Co (SZSE:300823) EBIT : ¥79.2 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is TJK Machinery (Tianjin) Co EBIT?

TJK Machinery (Tianjin) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥13.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥79.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TJK Machinery (Tianjin) Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.55%. TJK Machinery (Tianjin) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TJK Machinery (Tianjin) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.05%.


TJK Machinery (Tianjin) Co EBIT Historical Data

The historical data trend for TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co EBIT Chart

TJK Machinery (Tianjin) 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 105.19 107.52 107.33 42.93 74.75

TJK Machinery (Tianjin) 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 8.75 18.23 22.60 25.17 13.19

Competitive Comparison of TJK Machinery (Tianjin) Co's EBIT

For the Specialty Industrial Machinery subindustry, TJK Machinery (Tianjin) 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.


TJK Machinery (Tianjin) Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TJK Machinery (Tianjin) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TJK Machinery (Tianjin) Co's EV-to-EBIT falls into.



TJK Machinery (Tianjin) 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 ¥79.2 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.


TJK Machinery (Tianjin) Co  (SZSE:300823) EBIT Explanation

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

TJK Machinery (Tianjin) 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 )
=60.596 * ( 1 - 18.69% )/( (884.143 + 890.302)/ 2 )
=49.2706076/887.2225
=5.55 %

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))
=1265.631 - 139.418 - ( 242.07 - max(0, 250.323 - 792.048+242.07))
=884.143

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))
=1254.317 - 134.303 - ( 229.712 - max(0, 231.342 - 774.685+229.712))
=890.302

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

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

TJK Machinery (Tianjin) 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 )
=52.772/( ( (341.547 + max(277.165, 0)) + (350.079 + max(292.473, 0)) )/ 2 )
=52.772/( ( 618.712 + 642.552 )/ 2 )
=52.772/630.632
=8.37 %

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)
=(266.685 + 247.323 + 4.24) - (139.418 + 0 + 101.665)
=277.165

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(257.324 + 253.805 + 3.4459999999999) - (134.303 + 0 + 87.799)
=292.473

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:

TJK Machinery (Tianjin) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=79.193/1569.313
=5.05 %

* 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.


TJK Machinery (Tianjin) Co EBIT Related Terms

Thank you for viewing the detailed overview of TJK Machinery (Tianjin) Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Traded in Other Exchanges
N/A
Address
No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408
TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

TJK Machinery (Tianjin) Co (SZSE:300823) Headlines

No Headlines