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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) EBIT : ¥410 Mil (TTM As of Mar. 2024)


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What is Nanjing Kangni Mechanical & Electrical Co EBIT?

Nanjing Kangni Mechanical & Electrical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nanjing Kangni Mechanical & Electrical Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.92%. Nanjing Kangni Mechanical & Electrical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nanjing Kangni Mechanical & Electrical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.65%.


Nanjing Kangni Mechanical & Electrical Co EBIT Historical Data

The historical data trend for Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical Co EBIT Chart

Nanjing Kangni Mechanical & Electrical 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 745.06 474.36 426.19 314.90 399.44

Nanjing Kangni Mechanical & Electrical 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 41.06 46.91 129.60 181.87 51.94

Competitive Comparison of Nanjing Kangni Mechanical & Electrical Co's EBIT

For the Railroads subindustry, Nanjing Kangni Mechanical & Electrical 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.


Nanjing Kangni Mechanical & Electrical Co's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nanjing Kangni Mechanical & Electrical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nanjing Kangni Mechanical & Electrical Co's EV-to-EBIT falls into.



Nanjing Kangni Mechanical & Electrical 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 ¥410 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.


Nanjing Kangni Mechanical & Electrical Co  (SHSE:603111) EBIT Explanation

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

Nanjing Kangni Mechanical & Electrical 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 )
=196.648 * ( 1 - 8.04% )/( (2464.544 + 2763.886)/ 2 )
=180.8375008/2614.215
=6.92 %

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))
=6308.122 - 1780.389 - ( 2063.189 - max(0, 2094.054 - 5675.832+2063.189))
=2464.544

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))
=6093.65 - 1560.326 - ( 1769.438 - max(0, 1930.99 - 5452.872+1769.438))
=2763.886

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

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

Nanjing Kangni Mechanical & Electrical 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 )
=207.744/( ( (452.554 + max(428.611, 0)) + (455.451 + max(863.2, 0)) )/ 2 )
=207.744/( ( 881.165 + 1318.651 )/ 2 )
=207.744/1099.908
=18.89 %

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)
=(1740.8 + 596.231 + 29.573) - (1780.389 + 0 + 157.604)
=428.611

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1928.432 + 651.503 + 42.789) - (1560.326 + 0 + 199.198)
=863.2

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:

Nanjing Kangni Mechanical & Electrical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=410.318/4250.930
=9.65 %

* 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.


Nanjing Kangni Mechanical & Electrical Co EBIT Related Terms

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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Business Description

Traded in Other Exchanges
N/A
Address
19, Hengda Road, Economic and Technological Development Zone, Nanjing, CHN, 210038
Nanjing Kangni Mechanical & Electrical Co Ltd IS engaged in the research and development, manufacturing and maintenance of railway vehicle door system. It has cooperated with major car builders such as Bombardier, Alstom, and Siemens to sell products all over the world, including France, Canada, Turkey, Singapore, Argentina, America, Saudi Arabia and Brazil. It also provides other a full suite of related products such as interior fittings, power connectors, platform screen doors, new energy products for automobile industry and precision machining equipment.
Executives
Liao Liang Mao Director
Li Hong senior management
Xu Qing senior management
Chen Lei senior management
Wang Ya Dong senior management
Zhang Jin Xiong Supervisors
Xu Guan Nan senior management
Tang Wei Hua senior management
Liu Wen Ping Director
Gu Mei Hua senior management
Gao Wen Ming Director
Zhu Wei Dong senior management
Shi Xiang senior management
Chen Ying Qi Director

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Headlines

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