Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) EBIT : ¥107 Mil (TTM As of Mar. 2024)

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What is Jiangsu Tongguang Electronic Wire and Cable Co EBIT?

Jiangsu Tongguang Electronic Wire and Cable Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥107 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Tongguang Electronic Wire and Cable Co's annualized ROC % for the quarter that ended in Mar. 2024 was 2.07%. Jiangsu Tongguang Electronic Wire and Cable Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Tongguang Electronic Wire and Cable Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.57%.

Jiangsu Tongguang Electronic Wire and Cable Co EBIT Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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 Tongguang Electronic Wire and Cable Co EBIT Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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89.06

114.21

97.10

129.03

134.31

Jiangsu Tongguang Electronic Wire and Cable 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															47.07	34.27	39.12	13.85	19.62

Competitive Comparison of Jiangsu Tongguang Electronic Wire and Cable Co's EBIT

For the Electrical Equipment & Parts subindustry, Jiangsu Tongguang Electronic Wire and Cable 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 Tongguang Electronic Wire and Cable Co's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jiangsu Tongguang Electronic Wire and Cable Co's EV-to-EBIT falls into.

Jiangsu Tongguang Electronic Wire and Cable 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 ¥107 Mil.

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) EBIT Explanation

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

Jiangsu Tongguang Electronic Wire and Cable 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 )
=	63.276 * ( 1 - 23.78% )	/	( (2174.717	+	2475.552)	/ 2 )
=	48.2289672	/	2325.1345
=	2.07 %

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	))
=	3285.359	-	490.758	-	( 619.884	-	max(0, 872.48	-	2284.515	+	619.884	))
=	2174.717

	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	))
=	3371.741	-	493.997	-	( 402.192	-	max(0, 923.625	-	2181.553	+	402.192	))
=	2475.552

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 Tongguang Electronic Wire and Cable 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 )
=	78.492	/	( ( (713.963 + max(822.045, 0))	+	(852.665 + max(879.841, 0)) )	/	2 )
=	78.492	/	( ( 1536.008	+	1732.506 )	/	2 )
=	78.492	/	1634.257
=	4.80 %

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)
=	(1088.623	+	280.896	+	39.958)	-	(490.758	+	0	+	96.674)
=	822.045

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1103.831	+	326.011	+	70.184)	-	(493.997	+	0	+	126.188)
=	879.841

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 Tongguang Electronic Wire and Cable Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	106.868	/	4153.089
	=	2.57 %

Jiangsu Tongguang Electronic Wire and Cable Co EBIT Related Terms

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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongguang Electronic Wire and Cable Co Ltd (SZSE:300265) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103

Website

http://www.tgjt.cn

Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

Executives

Xue Wan Jian	Executives
Tang Zheng Guo	Independent director
Dai Qing	Director
Zhang Shu Qin	Supervisors
Jiang Yong Wei	Director
Wang Xu Guang	Directors, executives
Chen Jian Xu	Executives
Zhang Zhong	Director
Zhang Jian Ming	Supervisors
Xu Xue Ping	Supervisors

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