Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) EBIT : ¥251 Mil (TTM As of Mar. 2024)

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What is Shandong Nanshan Fashion Sci-Tech Co EBIT?

Shandong Nanshan Fashion Sci-Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥251 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shandong Nanshan Fashion Sci-Tech Co's annualized ROC % for the quarter that ended in Mar. 2024 was 8.95%. Shandong Nanshan Fashion Sci-Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shandong Nanshan Fashion Sci-Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.99%.

Shandong Nanshan Fashion Sci-Tech Co EBIT Historical Data

The historical data trend for Shandong Nanshan Fashion Sci-Tech 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.

Shandong Nanshan Fashion Sci-Tech Co EBIT Chart

Shandong Nanshan Fashion Sci-Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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231.17

110.88

200.47

231.82

242.60

Shandong Nanshan Fashion Sci-Tech Co Quarterly Data
	Dec18	Jun19	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															43.11	57.23	48.37	93.88	51.62

Competitive Comparison of Shandong Nanshan Fashion Sci-Tech Co's EBIT

For the Textile Manufacturing subindustry, Shandong Nanshan Fashion Sci-Tech 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.

Shandong Nanshan Fashion Sci-Tech Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Nanshan Fashion Sci-Tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shandong Nanshan Fashion Sci-Tech Co's EV-to-EBIT falls into.

Shandong Nanshan Fashion Sci-Tech 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 ¥251 Mil.

Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) EBIT Explanation

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

Shandong Nanshan Fashion Sci-Tech 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 )
=	243.332 * ( 1 - 10.61% )	/	( (2374.833	+	2486.764)	/ 2 )
=	217.5144748	/	2430.7985
=	8.95 %

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	))
=	3679.194	-	645.548	-	( 703.678	-	max(0, 1022.005	-	1680.818	+	703.678	))
=	2374.833

	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	))
=	3675.969	-	628.359	-	( 560.846	-	max(0, 964.079	-	1527.503	+	560.846	))
=	2486.764

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

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

Shandong Nanshan Fashion Sci-Tech 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 )
=	206.48	/	( ( (1500.505 + max(98.757, 0))	+	(1585.324 + max(193.801, 0)) )	/	2 )
=	206.48	/	( ( 1599.262	+	1779.125 )	/	2 )
=	206.48	/	1689.1935
=	12.22 %

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)
=	(163.713	+	665.814	+	13.072)	-	(645.548	+	0	+	98.294)
=	98.757

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(212.902	+	648.268	+	17.263)	-	(628.359	+	0	+	56.273)
=	193.801

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:

Shandong Nanshan Fashion Sci-Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	251.109	/	4195.637
	=	5.99 %

Shandong Nanshan Fashion Sci-Tech Co EBIT Related Terms

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Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Nanshan Fashion Sci-Tech Co Ltd (SZSE:300918) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Nanshan Industrial Park, Dongjiang Town, Longkou, Shandong Province, Yantai, CHN, 265706

Website

http://www.nanshanchina.com

Shandong Nanshan Fashion Sci-Tech Co Ltd is engaged in the research and development, design, production and sales of worsted woolen cloth, formal wear and protective products. The company has a complete wool textile and apparel industry chain, covering a worsted woolen cloth business system integrating fabric research and development, top processing, dyeing, spinning, weaving, and finishing, as well as integrated clothing research and development, design, manufacturing, and brand operation.

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