Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) EBIT : ¥100.2 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire EBIT?

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥23.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥100.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's annualized ROC % for the quarter that ended in Mar. 2024 was 15.66%. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 24.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.72%.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire EBIT Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire EBIT Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

55.51

63.37

89.27

90.57

96.66

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												20.20	34.37	16.03	26.06	23.69

Competitive Comparison of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's EBIT

For the Specialty Business Services subindustry, Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai National Center of Testing & Inspection for Electric Cable & Wire's EV-to-EBIT falls into.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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 ¥100.2 Mil.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) EBIT Explanation

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

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 )
=	92.008 * ( 1 - 10.79% )	/	( (506.391	+	542.016)	/ 2 )
=	82.0803368	/	524.2035
=	15.66 %

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	))
=	1223.804	-	47.904	-	( 703.692	-	max(0, 95.109	-	764.618	+	703.692	))
=	506.391

	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	))
=	1244.802	-	38.849	-	( 688.92	-	max(0, 104.113	-	768.05	+	688.92	))
=	542.016

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

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

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 )
=	94.776	/	( ( (376.242 + max(-19.717, 0))	+	(382.839 + max(-5.823, 0)) )	/	2 )
=	94.776	/	( ( 376.242	+	382.839 )	/	2 )
=	94.776	/	379.5405
=	24.97 %

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)
=	(23.672	+	5.318	+	31.67)	-	(47.904	+	0	+	32.473)
=	-19.717

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(47.75	+	7.156	+	23.886)	-	(38.849	+	0	+	45.766)
=	-5.823

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:

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	100.156	/	2692.227
	=	3.72 %

Shanghai National Center of Testing & Inspection for Electric Cable & Wire EBIT Related Terms

Thank you for viewing the detailed overview of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Headlines

No Headlines