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Tianqi Lithium (HKSE:09696) EBIT : HK$13,818 Mil (TTM As of Dec. 2023)


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What is Tianqi Lithium EBIT?

Tianqi Lithium's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was HK$5,151 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was HK$13,818 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tianqi Lithium's annualized ROC % for the quarter that ended in Dec. 2023 was 26.22%. Tianqi Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 85.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tianqi Lithium's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.10%.


Tianqi Lithium EBIT Historical Data

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium EBIT Chart

Tianqi Lithium Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-2,707.09 927.25 8,637.73 45,572.38 40,264.66

Tianqi Lithium Quarterly Data
Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 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 16,346.01 - 9,064.22 5,151.04 -396.93

Competitive Comparison of Tianqi Lithium's EBIT

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.


Tianqi Lithium's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's EV-to-EBIT falls into.



Tianqi Lithium 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$13,818 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.


Tianqi Lithium  (HKSE:09696) EBIT Explanation

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

Tianqi Lithium's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=23125.676 * ( 1 - 28.27% )/( (60602.811 + 65943.439)/ 2 )
=16588.0473948/63273.125
=26.22 %

where

Invested Capital(Q: Sep. 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))
=79843.213 - 10525.293 - ( 8715.109 - max(0, 11075.893 - 24052.168+8715.109))
=60602.811

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))
=81999.585 - 5834.45 - ( 10221.696 - max(0, 7284.422 - 21447.285+10221.696))
=65943.439

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Tianqi Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20604.168/( ( (16477.029 + max(3803.932, 0)) + (23406.366 + max(4756.396, 0)) )/ 2 )
=20604.168/( ( 20280.961 + 28162.762 )/ 2 )
=20604.168/24221.8615
=85.06 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8800.241 + 3621.35 + 2457.023) - (10525.293 + 0 + 549.389)
=3803.932

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4720.955 + 3445.95 + 2681.554) - (5834.45 + 0 + 257.613)
=4756.396

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tianqi Lithium's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=13818.333/50983.546
=27.10 %

* 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.


Tianqi Lithium EBIT Related Terms

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Tianqi Lithium (HKSE:09696) Business Description

Traded in Other Exchanges
Address
No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN
Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
Executives
Pacific Asset Management Co., Ltd. 2501 Other
Jiang Jinzhi 2201 Interest of corporation controlled by you
Morgan Stanley 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Huatai Securities Co., Ltd.
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
Morgan Stanley Asia Holdings Limited 2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si 2101 Beneficial owner
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd 2301 Trustee
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter
China International Capital Corporation (international) Limited 2201 Interest of corporation controlled by you
Morgan Stanley Hong Kong 1238 Limited 2201 Interest of corporation controlled by you
Morgan Stanley Asia Limited 2105 Underwriter
Lg Chem, Ltd. 2101 Beneficial owner

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