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Jiangsu Shentong Valve Co (SZSE:002438) EBIT : ¥333 Mil (TTM As of Mar. 2024)


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What is Jiangsu Shentong Valve Co EBIT?

Jiangsu Shentong Valve Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥102 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥333 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Shentong Valve Co's annualized ROC % for the quarter that ended in Mar. 2024 was 9.69%. Jiangsu Shentong Valve Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Shentong Valve Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.97%.


Jiangsu Shentong Valve Co EBIT Historical Data

The historical data trend for Jiangsu Shentong Valve 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.

Jiangsu Shentong Valve Co EBIT Chart

Jiangsu Shentong Valve 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 210.75 266.92 308.21 280.25 324.83

Jiangsu Shentong Valve 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 93.78 66.19 96.07 68.79 102.37

Competitive Comparison of Jiangsu Shentong Valve Co's EBIT

For the Specialty Industrial Machinery subindustry, Jiangsu Shentong Valve 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.


Jiangsu Shentong Valve Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Shentong Valve Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangsu Shentong Valve Co's EV-to-EBIT falls into.



Jiangsu Shentong Valve 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 ¥333 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.


Jiangsu Shentong Valve Co  (SZSE:002438) EBIT Explanation

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

Jiangsu Shentong Valve 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 )
=440.556 * ( 1 - 10.85% )/( (3906.067 + 4202.013)/ 2 )
=392.755674/4054.04
=9.69 %

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))
=5845.909 - 1067.669 - ( 872.173 - max(0, 2211.952 - 3175.925+872.173))
=3906.067

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))
=5726.49 - 950.762 - ( 573.715 - max(0, 1906.789 - 3100.263+573.715))
=4202.013

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

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

Jiangsu Shentong Valve 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 )
=409.468/( ( (2035.267 + max(698.787, 0)) + (2034.534 + max(1051.379, 0)) )/ 2 )
=409.468/( ( 2734.054 + 3085.913 )/ 2 )
=409.468/2909.9835
=14.07 %

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)
=(1010.252 + 846.906 + 131.327) - (1067.669 + 0 + 222.029)
=698.787

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1153.659 + 801.595 + 234.819) - (950.762 + 0 + 187.932)
=1051.379

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:

Jiangsu Shentong Valve Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=333.416/6704.461
=4.97 %

* 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.


Jiangsu Shentong Valve Co EBIT Related Terms

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Jiangsu Shentong Valve Co (SZSE:002438) Business Description

Traded in Other Exchanges
N/A
Address
NanYang Industrial Area, Qidong, Jiangsu, CHN, 226232
Jiangsu Shentong Valve Co Ltd is engaged in research, development, production, and sale of novel special valves. The company produces valves, ball valves, gate valves, stop valves, check valves, control valves, and special valves. The products are widely applied in fields of metallurgy, nuclear power, thermal power, chemical processing of coal, petroleum and natural gas gathering and transportation, petroleum refining and chemical.
Executives
Wang Yi Director
Zhao Wen Hao Executives
Han Li Director
Zhang Li Hong Executives
Chen Ming Di Securities Affairs Representative
Lin Dong Xiang Executives
Zhang Yi Fang Directors, executives
Shi Wei Ming Executives
Wu Jian Xin Director
Huang Yuan Zhong Supervisors
Chen Yong Sheng Supervisors
Huang Gao Yang Directors, executives
Yu Zheng Tao Directors, executives

Jiangsu Shentong Valve Co (SZSE:002438) Headlines

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