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Shanghai Kinetic Medical Co (SZSE:300326) EBIT : ¥73.0 Mil (TTM As of Mar. 2024)


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What is Shanghai Kinetic Medical Co EBIT?

Shanghai Kinetic Medical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥20.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥73.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Kinetic Medical Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.16%. Shanghai Kinetic Medical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shanghai Kinetic Medical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.88%.


Shanghai Kinetic Medical Co EBIT Historical Data

The historical data trend for Shanghai Kinetic Medical 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.

Shanghai Kinetic Medical Co EBIT Chart

Shanghai Kinetic Medical 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 387.56 -64.88 238.98 11.86 140.14

Shanghai Kinetic Medical 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 88.07 51.67 24.20 -23.81 20.92

Competitive Comparison of Shanghai Kinetic Medical Co's EBIT

For the Medical Devices subindustry, Shanghai Kinetic Medical 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.


Shanghai Kinetic Medical Co's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Kinetic Medical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shanghai Kinetic Medical Co's EV-to-EBIT falls into.



Shanghai Kinetic Medical 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 ¥73.0 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.


Shanghai Kinetic Medical Co  (SZSE:300326) EBIT Explanation

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

Shanghai Kinetic Medical 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 )
=81.372 * ( 1 - 15.51% )/( (2144.952 + 2211.297)/ 2 )
=68.7512028/2178.1245
=3.16 %

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))
=3354.004 - 167.385 - ( 1041.667 - max(0, 329.39 - 1707.995+1041.667))
=2144.952

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))
=3350.137 - 134.875 - ( 1003.965 - max(0, 309.629 - 1705.364+1003.965))
=2211.297

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

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

Shanghai Kinetic Medical 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 )
=83.664/( ( (374.412 + max(443.288, 0)) + (368.691 + max(507.23, 0)) )/ 2 )
=83.664/( ( 817.7 + 875.921 )/ 2 )
=83.664/846.8105
=9.88 %

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)
=(218.177 + 368.424 + 50.297) - (167.385 + 0 + 26.225)
=443.288

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(235.02 + 368.236 + 64.441) - (134.875 + 0 + 25.592)
=507.23

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:

Shanghai Kinetic Medical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=72.979/2531.378
=2.88 %

* 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.


Shanghai Kinetic Medical Co EBIT Related Terms

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Shanghai Kinetic Medical Co (SZSE:300326) Business Description

Traded in Other Exchanges
N/A
Address
Floor 2, Building 23, No. 528, Ruiqing Road, Zhangjiang Hi-Te, Shanghai, CHN, 201201
Shanghai Kinetic Medical Co Ltd is engaged in the manufacturing and distribution of medical devices in China. The company provides products for multidisciplinary specialties including orthopedics, cardiovascular and sports medicine. Its product offering includes primom spinal fixation system, kyphoplasty systems, vertebral osteotome, bone cement delivery systems, injection guns and multifunctional tools.
Executives
Ding Kui Secretary Dong
Wei Qing Mei Executives
Wang Zheng Min Directors, executives
Li Yuan Ping Executives
Zhang Zheng Director
Yan Hang Director
Yuan Zheng Executives, directors
Sun Meng Chen Securities Affairs Representative
Wang Li Director
Qin Jie Director
Li Jian Xiang Director
Zhou Zhi Qiang Supervisors

Shanghai Kinetic Medical Co (SZSE:300326) Headlines

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