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Zenner Metering Technology (Shanghai) (SZSE:301303) EBIT : ¥380 Mil (TTM As of Mar. 2024)


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What is Zenner Metering Technology (Shanghai) EBIT?

Zenner Metering Technology (Shanghai)'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥380 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zenner Metering Technology (Shanghai)'s annualized ROC % for the quarter that ended in Mar. 2024 was 7.75%. Zenner Metering Technology (Shanghai)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zenner Metering Technology (Shanghai)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.59%.


Zenner Metering Technology (Shanghai) EBIT Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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.

Zenner Metering Technology (Shanghai) EBIT Chart

Zenner Metering Technology (Shanghai) Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 177.90 208.30 253.28 247.46 363.02

Zenner Metering Technology (Shanghai) Quarterly Data
Dec18 Dec19 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 57.22 80.20 95.90 129.69 74.50

Competitive Comparison of Zenner Metering Technology (Shanghai)'s EBIT

For the Electrical Equipment & Parts subindustry, Zenner Metering Technology (Shanghai)'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.


Zenner Metering Technology (Shanghai)'s EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zenner Metering Technology (Shanghai)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zenner Metering Technology (Shanghai)'s EV-to-EBIT falls into.



Zenner Metering Technology (Shanghai) 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 ¥380 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.


Zenner Metering Technology (Shanghai)  (SZSE:301303) EBIT Explanation

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

Zenner Metering Technology (Shanghai)'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 )
=248.104 * ( 1 - 13.31% )/( (2727.747 + 2821.771)/ 2 )
=215.0813576/2774.759
=7.75 %

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))
=3750.28 - 523.463 - ( 499.07 - max(0, 551.063 - 1924.561+499.07))
=2727.747

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))
=3752.336 - 395.454 - ( 535.111 - max(0, 488.062 - 1954.613+535.111))
=2821.771

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

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

Zenner Metering Technology (Shanghai)'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 )
=298.016/( ( (416.093 + max(626.96, 0)) + (435.412 + max(776.899, 0)) )/ 2 )
=298.016/( ( 1043.053 + 1212.311 )/ 2 )
=298.016/1127.682
=26.43 %

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)
=(758.906 + 243.437 + 154.73) - (523.463 + 0 + 6.65)
=626.96

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(793.94 + 226.548 + 157.507) - (395.454 + 0 + 5.642)
=776.899

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:

Zenner Metering Technology (Shanghai)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=380.297/5007.649
=7.59 %

* 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.


Zenner Metering Technology (Shanghai) EBIT Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Traded in Other Exchanges
N/A
Address
No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703
Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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