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Jiangsu Toland Alloy Co (SZSE:300855) EBIT : ¥387 Mil (TTM As of Mar. 2024)


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What is Jiangsu Toland Alloy Co EBIT?

Jiangsu Toland Alloy Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥106 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥387 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Toland Alloy Co's annualized ROC % for the quarter that ended in Mar. 2024 was 21.60%. Jiangsu Toland Alloy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 34.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Toland Alloy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.85%.


Jiangsu Toland Alloy Co EBIT Historical Data

The historical data trend for Jiangsu Toland Alloy 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 Toland Alloy Co EBIT Chart

Jiangsu Toland Alloy Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 123.08 126.12 208.45 284.40 379.67

Jiangsu Toland Alloy 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 97.91 111.01 94.43 76.33 105.65

Competitive Comparison of Jiangsu Toland Alloy Co's EBIT

For the Steel subindustry, Jiangsu Toland Alloy 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 Toland Alloy Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu Toland Alloy Co's EV-to-EBIT distribution charts can be found below:

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



Jiangsu Toland Alloy 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 ¥387 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 Toland Alloy Co  (SZSE:300855) EBIT Explanation

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

Jiangsu Toland Alloy 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 )
=443.084 * ( 1 - 13.51% )/( (1743.036 + 1804.672)/ 2 )
=383.2233516/1773.854
=21.60 %

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))
=2188.959 - 227.706 - ( 218.217 - max(0, 237.198 - 1113.304+218.217))
=1743.036

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))
=2271.694 - 215.662 - ( 251.36 - max(0, 228.886 - 1184.715+251.36))
=1804.672

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 Toland Alloy 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 )
=422.6/( ( (825.326 + max(301.754, 0)) + (844.829 + max(448.197, 0)) )/ 2 )
=422.6/( ( 1127.08 + 1293.026 )/ 2 )
=422.6/1210.053
=34.92 %

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)
=(54.869 + 462.375 + 21.626) - (227.706 + 0 + 9.41)
=301.754

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(202.194 + 444.291 + 30.598) - (215.662 + 0 + 13.224)
=448.197

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 Toland Alloy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=387.414/10071.051
=3.85 %

* 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 Toland Alloy Co EBIT Related Terms

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Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352
Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.
Executives
Zhang Tao Supervisors
Wan Jie Directors, Directors, and Executives
Yuan Suo Jun Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

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