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Zhejiang Longsheng Group Co (SHSE:600352) EBIT : ¥2,146 Mil (TTM As of Mar. 2024)


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What is Zhejiang Longsheng Group Co EBIT?

Zhejiang Longsheng Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥432 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,146 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang Longsheng Group Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.01%. Zhejiang Longsheng Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiang Longsheng Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.02%.


Zhejiang Longsheng Group Co EBIT Historical Data

The historical data trend for Zhejiang Longsheng Group 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.

Zhejiang Longsheng Group Co EBIT Chart

Zhejiang Longsheng Group 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 6,531.16 5,468.10 4,654.61 4,279.94 2,380.04

Zhejiang Longsheng Group 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 665.97 597.83 303.49 812.75 431.84

Competitive Comparison of Zhejiang Longsheng Group Co's EBIT

For the Chemicals subindustry, Zhejiang Longsheng Group 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.


Zhejiang Longsheng Group Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Longsheng Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiang Longsheng Group Co's EV-to-EBIT falls into.



Zhejiang Longsheng Group 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 ¥2,146 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.


Zhejiang Longsheng Group Co  (SHSE:600352) EBIT Explanation

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

Zhejiang Longsheng Group 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 )
=1837.072 * ( 1 - 17.73% )/( (50366.236 + 50092.214)/ 2 )
=1511.3591344/50229.225
=3.01 %

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))
=67806.443 - 5093.33 - ( 12346.877 - max(0, 23930.072 - 46981.627+12346.877))
=50366.236

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))
=75490.167 - 4804.451 - ( 20593.502 - max(0, 25626.393 - 55417.972+20593.502))
=50092.214

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

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

Zhejiang Longsheng Group 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 )
=1727.368/( ( (7179.722 + max(20141.023, 0)) + (7043.937 + max(20747.743, 0)) )/ 2 )
=1727.368/( ( 27320.745 + 27791.68 )/ 2 )
=1727.368/27556.2125
=6.27 %

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)
=(1960.214 + 29321.486 + 1039.567) - (5093.33 + 0 + 7086.914)
=20141.023

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2265.27 + 29424.832 + 1085.274) - (4804.451 + 0 + 7223.182)
=20747.743

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:

Zhejiang Longsheng Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2145.909/35644.692
=6.02 %

* 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.


Zhejiang Longsheng Group Co EBIT Related Terms

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Zhejiang Longsheng Group Co (SHSE:600352) Business Description

Traded in Other Exchanges
N/A
Address
Daoxu Town, Shangyu District, Zhejiang Province, Shangyu, CHN, 312368
Zhejiang Longsheng Group Co Ltd is a China-based company principally engaged in the production and sale of dyes and automobile spare parts. It is also involved in the real estate business. The company operates in the business segments of Chemicals, Real Estate, Autoparts, Financial Investment and Others. In the Chemical segment, the product range covers textile chemicals, construction chemicals, fine chemical intermediates, inorganic chemicals and others. In Autoparts segment, the Company focuses on development, production, and sales of auto parts, sales of steel and logistics.
Executives
Zhou Zheng Nan Director
Yao Jian Fang Director
Gong Han Director
Ruan Xing Xiang Director
Luo Bin Director
Ruan Wei Xiang Director
Ruan Xiao Yun Supervisors
Xiang Zhi Feng Director
Wang Yong Supervisors
Xiang Zhi Feng Director
He Xu Bin senior management
Ou Qi senior management
Chang Sheng Director
Chen Yong Yao senior management
Jiang Huo Biao senior management

Zhejiang Longsheng Group Co (SHSE:600352) Headlines

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