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Tongling Nonferrous Metals Group Co (SZSE:000630) EBIT : ¥6,409 Mil (TTM As of Mar. 2024)


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What is Tongling Nonferrous Metals Group Co EBIT?

Tongling Nonferrous Metals Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥2,004 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥6,409 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tongling Nonferrous Metals Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.69%. Tongling Nonferrous Metals Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tongling Nonferrous Metals Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.11%.


Tongling Nonferrous Metals Group Co EBIT Historical Data

The historical data trend for Tongling Nonferrous Metals 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.

Tongling Nonferrous Metals Group Co EBIT Chart

Tongling Nonferrous Metals 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 2,185.34 2,135.12 5,230.23 7,866.58 6,419.99

Tongling Nonferrous Metals 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 2,014.71 443.15 3,088.60 873.54 2,003.98

Competitive Comparison of Tongling Nonferrous Metals Group Co's EBIT

For the Copper subindustry, Tongling Nonferrous Metals 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.


Tongling Nonferrous Metals Group Co's EV-to-EBIT Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tongling Nonferrous Metals Group Co's EV-to-EBIT falls into.



Tongling Nonferrous Metals 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 ¥6,409 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.


Tongling Nonferrous Metals Group Co  (SZSE:000630) EBIT Explanation

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

Tongling Nonferrous Metals 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 )
=7892.064 * ( 1 - 23.79% )/( (55427.799 + 57110.926)/ 2 )
=6014.5419744/56269.3625
=10.69 %

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))
=78245.125 - 11141.496 - ( 11675.83 - max(0, 24022.792 - 41240.327+11675.83))
=55427.799

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))
=82658.826 - 13555.381 - ( 11992.519 - max(0, 27258.741 - 45035.733+11992.519))
=57110.926

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

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

Tongling Nonferrous Metals 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 )
=8015.908/( ( (28248.656 + max(14964.496, 0)) + (28735.339 + max(15494.99, 0)) )/ 2 )
=8015.908/( ( 43213.152 + 44230.329 )/ 2 )
=8015.908/43721.7405
=18.33 %

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)
=(1904.601 + 15805.091 + 9121.496) - (11141.496 + 0 + 725.196)
=14964.496

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2060.126 + 19542.965 + 8452.483) - (13555.381 + 0 + 1005.203)
=15494.99

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:

Tongling Nonferrous Metals Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=6409.257/63373.982
=10.11 %

* 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.


Tongling Nonferrous Metals Group Co EBIT Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000
Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.
Executives
Jiang Pei Jin Directors, executives
Wu He Ping Secretary, Director
Liu Dao Kun Executives
Zhou Jun Director
Zou Xian Ji Supervisors
Xu Wu Qi Director
Yang Li Sheng Executives
Fang Wen Sheng Executives
Dai Sheng Hong Supervisors
Liu Jian She Executives
Song Xiu Ming Executives
Wei Jiang Hong Director
Yang Jun Directors, executives
Zhan De Guang Executives
Wu Guo Zhong Director

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

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