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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) EBIT : ¥76 Mil (TTM As of Mar. 2024)


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What is Qinchuan Machine Tool & Tool Group Share Co EBIT?

Qinchuan Machine Tool & Tool Group Share Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥44 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Qinchuan Machine Tool & Tool Group Share Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.15%. Qinchuan Machine Tool & Tool Group Share Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Qinchuan Machine Tool & Tool Group Share Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.09%.


Qinchuan Machine Tool & Tool Group Share Co EBIT Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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.

Qinchuan Machine Tool & Tool Group Share Co EBIT Chart

Qinchuan Machine Tool & Tool Group Share 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 -188.57 352.96 412.57 332.26 107.19

Qinchuan Machine Tool & Tool Group Share 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 75.57 42.89 20.72 -31.98 44.46

Competitive Comparison of Qinchuan Machine Tool & Tool Group Share Co's EBIT

For the Specialty Industrial Machinery subindustry, Qinchuan Machine Tool & Tool Group Share 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.


Qinchuan Machine Tool & Tool Group Share Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qinchuan Machine Tool & Tool Group Share Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Qinchuan Machine Tool & Tool Group Share Co's EV-to-EBIT falls into.



Qinchuan Machine Tool & Tool Group Share 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 ¥76 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.


Qinchuan Machine Tool & Tool Group Share Co  (SZSE:000837) EBIT Explanation

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

Qinchuan Machine Tool & Tool Group Share 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 )
=135.9 * ( 1 - 12.02% )/( (5437.282 + 5706.949)/ 2 )
=119.56482/5572.1155
=2.15 %

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))
=9860.35 - 2284.774 - ( 2138.294 - max(0, 3388.728 - 5732.447+2138.294))
=5437.282

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))
=9763.944 - 2206.576 - ( 1850.419 - max(0, 3275.514 - 5575.768+1850.419))
=5706.949

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

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

Qinchuan Machine Tool & Tool Group Share 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 )
=177.828/( ( (3251.099 + max(423.82, 0)) + (3315.055 + max(582.929, 0)) )/ 2 )
=177.828/( ( 3674.919 + 3897.984 )/ 2 )
=177.828/3786.4515
=4.70 %

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)
=(966.488 + 1947.416 + 101.28) - (2284.774 + 0 + 306.59)
=423.82

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1062.375 + 1945.171 + 86.996) - (2206.576 + 0 + 305.037)
=582.929

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:

Qinchuan Machine Tool & Tool Group Share Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=76.084/6963.131
=1.09 %

* 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.


Qinchuan Machine Tool & Tool Group Share Co EBIT Related Terms

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Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Traded in Other Exchanges
N/A
Address
No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009
Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.
Executives
Zhao Jia Bao Executives
Hu Hong Directors, executives
Tian Sha Executives
Hang Bao Jun Executives
Si Guan Lin Executives
Guo Bao An Executives
Long Xing Yuan Directors, executives
Fu Lin Xing Directors, executives
Song Geng Tian Supervisors
Liu Wan Chao Directors, executives
Li Qiang Director
Wang La Xiang Supervisors
Mao Feng Executives
Zhang Yi Supervisors
Wu Kang Executives

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Headlines

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