Wang- Zheng Bhd (XKLS:7203) EBIT : RM9.5 Mil (TTM As of Mar. 2024)

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What is Wang- Zheng Bhd EBIT?

Wang- Zheng Bhd's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was RM2.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was RM9.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wang- Zheng Bhd's annualized ROC % for the quarter that ended in Mar. 2024 was 3.11%. Wang- Zheng Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wang- Zheng Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.35%.

Wang- Zheng Bhd EBIT Historical Data

The historical data trend for Wang- Zheng Bhd'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.

Wang- Zheng Bhd EBIT Chart

Wang- Zheng Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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17.91

9.94

13.40

11.42

10.94

Wang- Zheng Bhd 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															4.30	2.48	1.39	2.77	2.82

Competitive Comparison of Wang- Zheng Bhd's EBIT

For the Paper & Paper Products subindustry, Wang- Zheng Bhd'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.

Wang- Zheng Bhd's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Wang- Zheng Bhd's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wang- Zheng Bhd's EV-to-EBIT falls into.

Wang- Zheng Bhd 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 RM9.5 Mil.

Wang- Zheng Bhd (XKLS:7203) EBIT Explanation

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

Wang- Zheng Bhd'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 )
=	7.272 * ( 1 - 27.68% )	/	( (172.88	+	164.819)	/ 2 )
=	5.2591104	/	168.8495
=	3.11 %

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	))
=	304.804	-	8.992	-	( 122.932	-	max(0, 98.93	-	254.611	+	122.932	))
=	172.88

	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	))
=	282.925	-	11.639	-	( 106.467	-	max(0, 75.723	-	233.405	+	106.467	))
=	164.819

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

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

Wang- Zheng Bhd'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 )
=	11.28	/	( ( (36.485 + max(118.98, 0))	+	(39.032 + max(112.406, 0)) )	/	2 )
=	11.28	/	( ( 155.465	+	151.438 )	/	2 )
=	11.28	/	153.4515
=	7.35 %

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)
=	(58.627	+	69.221	+	3.586)	-	(8.992	+	0	+	3.462)
=	118.98

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(59.544	+	61.586	+	3.002)	-	(11.639	+	0	+	0.087000000000003)
=	112.406

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:

Wang- Zheng Bhd's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	9.459	/	65.924
	=	14.35 %

Wang- Zheng Bhd EBIT Related Terms

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Wang- Zheng Bhd (XKLS:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Wang- Zheng Bhd (XKLS:7203) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Jalan Utarid U5/19, Section U5, Shah Alam, SGR, MYS, 40150

Website

https://www.wangzhengberhad.com

Wang- Zheng Bhd is an investment holding company. Through its subsidiaries, the company is involved in the manufacturing and processing of fiber-based products, which include disposable adult and baby diapers, sanitary protection and tissue products, cotton products, and processed papers. It has three segments, Processed Paper Products segment; which comprises of processed and distributed papers including wood-free paper and art paper; Disposable Fibre-Based products segment, which comprises of manufacture and distribution of a wide range of disposable adult and baby diapers, sanitary protection, tissue products, and cotton products; and Investment holding and others; which engages in investment holding and others.

Wang- Zheng Bhd (XKLS:7203) Headlines

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