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Chongqing Millison Technologies (SZSE:301307) EBIT : ¥119 Mil (TTM As of Mar. 2024)


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What is Chongqing Millison Technologies EBIT?

Chongqing Millison Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chongqing Millison Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was 5.10%. Chongqing Millison Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chongqing Millison Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.37%.


Chongqing Millison Technologies EBIT Historical Data

The historical data trend for Chongqing Millison Technologies'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.

Chongqing Millison Technologies EBIT Chart

Chongqing Millison Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 11.42 148.31 147.24 253.05 181.28

Chongqing Millison Technologies Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 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 74.60 84.51 23.76 -1.60 11.96

Competitive Comparison of Chongqing Millison Technologies's EBIT

For the Metal Fabrication subindustry, Chongqing Millison Technologies'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.


Chongqing Millison Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Millison Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chongqing Millison Technologies's EV-to-EBIT falls into.



Chongqing Millison Technologies 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 ¥119 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.


Chongqing Millison Technologies  (SZSE:301307) EBIT Explanation

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

Chongqing Millison Technologies'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 )
=94.392 * ( 1 - -116.2% )/( (3912.004 + 4088.581)/ 2 )
=204.075504/4000.2925
=5.10 %

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))
=5697.468 - 1454.867 - ( 725.607 - max(0, 1959.928 - 2290.525+725.607))
=3912.004

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))
=5848.212 - 1326.182 - ( 629.798 - max(0, 1798.929 - 2232.378+629.798))
=4088.581

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

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

Chongqing Millison Technologies'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 )
=47.82/( ( (2940.528 + max(10.29, 0)) + (3013.767 + max(160.439, 0)) )/ 2 )
=47.82/( ( 2950.818 + 3174.206 )/ 2 )
=47.82/3062.512
=1.56 %

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)
=(861.135 + 592.239 + 21.091) - (1454.867 + 0 + 9.3080000000002)
=10.29

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(827.91 + 651.204 + 18.138) - (1326.182 + 0 + 10.631)
=160.439

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:

Chongqing Millison Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=118.632/5002.128
=2.37 %

* 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.


Chongqing Millison Technologies EBIT Related Terms

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Chongqing Millison Technologies (SZSE:301307) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320
Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.
Executives
Feng Cheng Long Supervisors

Chongqing Millison Technologies (SZSE:301307) Headlines

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