Xiamen Tungsten Co (SHSE:600549) EBIT : ¥3,394 Mil (TTM As of Mar. 2024)

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What is Xiamen Tungsten Co EBIT?

Xiamen Tungsten Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥923 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥3,394 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xiamen Tungsten Co's annualized ROC % for the quarter that ended in Mar. 2024 was 9.23%. Xiamen Tungsten Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xiamen Tungsten Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.94%.

Xiamen Tungsten Co EBIT Historical Data

The historical data trend for Xiamen Tungsten 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.

Xiamen Tungsten Co EBIT Chart

Xiamen Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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939.36

1,419.31

2,314.15

2,984.71

3,374.75

Xiamen Tungsten 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															903.94	813.19	874.75	782.87	922.94

Competitive Comparison of Xiamen Tungsten Co's EBIT

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.

Xiamen Tungsten Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xiamen Tungsten Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xiamen Tungsten Co's EV-to-EBIT falls into.

Xiamen Tungsten 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 ¥3,394 Mil.

Xiamen Tungsten Co (SHSE:600549) EBIT Explanation

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

Xiamen Tungsten 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 )
=	3047.952 * ( 1 - 11.31% )	/	( (29226.605	+	29337.317)	/ 2 )
=	2703.2286288	/	29281.961
=	9.23 %

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	))
=	39272.52	-	6690.665	-	( 3355.25	-	max(0, 10898.562	-	20069.248	+	3355.25	))
=	29226.605

	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	))
=	40594.423	-	6444.295	-	( 4812.811	-	max(0, 12485.659	-	20769.405	+	4812.811	))
=	29337.317

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

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

Xiamen Tungsten 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 )
=	3691.768	/	( ( (12907.489 + max(7424.289, 0))	+	(13281.518 + max(6563.664, 0)) )	/	2 )
=	3691.768	/	( ( 20331.778	+	19845.182 )	/	2 )
=	3691.768	/	20088.48
=	18.38 %

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)
=	(6200.615	+	7418.939	+	1364.571)	-	(6690.665	+	0	+	869.171)
=	7424.289

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5760.539	+	7340.197	+	687.401)	-	(6444.295	+	0	+	780.178)
=	6563.664

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	3393.751	/	34158.100
	=	9.94 %

Xiamen Tungsten Co EBIT Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiamen Tungsten Co Ltd (SHSE:600549) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004

Website

http://www.cxtc.com

Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.

Executives

Xu Huo Yao	senior management
Wu Gao Chao	Directors, senior managers
Hong Chao E	senior management
Zhong Ke Xiang	senior management
Huang Zhang Geng	Director
Zhong Bing Xian	senior management
Zhou Yu Jun	senior management
Xu Ji Song	Supervisors

Xiamen Tungsten Co (SHSE:600549) Headlines

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