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Ningbo Boway Alloy Material Co (SHSE:601137) EBIT : ¥1,537 Mil (TTM As of Mar. 2024)


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What is Ningbo Boway Alloy Material Co EBIT?

Ningbo Boway Alloy Material Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥399 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,537 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Boway Alloy Material Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.89%. Ningbo Boway Alloy Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo Boway Alloy Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.95%.


Ningbo Boway Alloy Material Co EBIT Historical Data

The historical data trend for Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material Co EBIT Chart

Ningbo Boway Alloy Material 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 536.01 538.64 447.62 747.23 1,433.98

Ningbo Boway Alloy Material 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 296.22 328.56 387.87 421.33 399.17

Competitive Comparison of Ningbo Boway Alloy Material Co's EBIT

For the Copper subindustry, Ningbo Boway Alloy Material 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.


Ningbo Boway Alloy Material Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's EV-to-EBIT falls into.



Ningbo Boway Alloy Material 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 ¥1,537 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.


Ningbo Boway Alloy Material Co  (SHSE:601137) EBIT Explanation

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

Ningbo Boway Alloy Material 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 )
=1596.66 * ( 1 - 25.66% )/( (10771.888 + 11031.229)/ 2 )
=1186.957044/10901.5585
=10.89 %

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))
=16347.713 - 2440.811 - ( 3135.014 - max(0, 6321.938 - 10515.95+3135.014))
=10771.888

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))
=15264.157 - 2096.987 - ( 2135.941 - max(0, 5269.619 - 9317.142+2135.941))
=11031.229

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

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

Ningbo Boway Alloy Material 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 )
=1596.66/( ( (4992.921 + max(3744.671, 0)) + (5107.399 + max(4018.535, 0)) )/ 2 )
=1596.66/( ( 8737.592 + 9125.934 )/ 2 )
=1596.66/8931.763
=17.88 %

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)
=(1743.584 + 4780.527 + 534.885) - (2440.811 + 0 + 873.514)
=3744.671

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1605.225 + 4596.024 + 634.287) - (2096.987 + 0 + 720.014)
=4018.535

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:

Ningbo Boway Alloy Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1536.927/17171.757
=8.95 %

* 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.


Ningbo Boway Alloy Material Co EBIT Related Terms

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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Traded in Other Exchanges
N/A
Address
Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
Executives
Zhang Ming Director
Zhang Pei Jia senior management

Ningbo Boway Alloy Material Co (SHSE:601137) Headlines

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