GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ningxia Buliding Materials Group Co Ltd (SHSE:600449) » Definitions » EBIT

Ningxia Buliding Materials Group Co (SHSE:600449) EBIT : ¥382 Mil (TTM As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Ningxia Buliding Materials Group Co EBIT?

Ningxia Buliding Materials Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥382 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningxia Buliding Materials Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was -1.71%. Ningxia Buliding Materials Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningxia Buliding Materials Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.55%.


Ningxia Buliding Materials Group Co EBIT Historical Data

The historical data trend for Ningxia Buliding Materials Group 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.

Ningxia Buliding Materials Group Co EBIT Chart

Ningxia Buliding Materials Group 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 1,065.77 1,253.12 1,085.28 763.01 407.32

Ningxia Buliding Materials Group 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 12.97 193.58 173.69 27.08 -12.35

Competitive Comparison of Ningxia Buliding Materials Group Co's EBIT

For the Building Materials subindustry, Ningxia Buliding Materials Group 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.


Ningxia Buliding Materials Group Co's EV-to-EBIT Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's EV-to-EBIT falls into.



Ningxia Buliding Materials Group 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 ¥382 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.


Ningxia Buliding Materials Group Co  (SHSE:600449) EBIT Explanation

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

Ningxia Buliding Materials Group 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 )
=-117.912 * ( 1 - 9.54% )/( (6046.61 + 6412.071)/ 2 )
=-106.6631952/6229.3405
=-1.71 %

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))
=11249.677 - 2495.591 - ( 2885.128 - max(0, 3040.29 - 5747.766+2885.128))
=6046.61

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))
=11340.169 - 2292.862 - ( 3018.14 - max(0, 3206.777 - 5842.013+3018.14))
=6412.071

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

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

Ningxia Buliding Materials Group 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 )
=-49.408/( ( (4392.175 + max(-250.852, 0)) + (4314.538 + max(57.069, 0)) )/ 2 )
=-49.408/( ( 4392.175 + 4371.607 )/ 2 )
=-49.408/4381.891
=-1.13 %

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)
=(1885.871 + 276.486 + 160.591) - (2495.591 + 0 + 78.209)
=-250.852

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1923.057 + 379.261 + 168.967) - (2292.862 + 0 + 121.354)
=57.069

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:

Ningxia Buliding Materials Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=381.998/4468.588
=8.55 %

* 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.


Ningxia Buliding Materials Group Co EBIT Related Terms

Thank you for viewing the detailed overview of Ningxia Buliding Materials Group Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Traded in Other Exchanges
N/A
Address
2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021
Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

Ningxia Buliding Materials Group Co (SHSE:600449) Headlines

No Headlines