Angang Steel Co (SZSE:000898) EBIT : ¥-5,491 Mil (TTM As of Mar. 2024)

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What is Angang Steel Co EBIT?

Angang Steel Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-1,566 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-5,491 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Angang Steel Co's annualized ROC % for the quarter that ended in Mar. 2024 was -8.59%. Angang Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -11.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Angang Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.31%.

Angang Steel Co EBIT Historical Data

The historical data trend for Angang Steel 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.

Angang Steel Co EBIT Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,055.00

3,302.00

9,535.00

-135.00

-4,010.00

Angang Steel 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															-85.00	-1,610.00	-926.00	-1,389.00	-1,566.00

Competitive Comparison of Angang Steel Co's EBIT

For the Steel subindustry, Angang Steel 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.

Angang Steel Co's EV-to-EBIT Distribution in the Steel Industry

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

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

Angang Steel 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 ¥-5,491 Mil.

Angang Steel Co (SZSE:000898) EBIT Explanation

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

Angang Steel 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 )
=	-6528 * ( 1 - -1.54% )	/	( (76954	+	77459)	/ 2 )
=	-6628.5312	/	77206.5
=	-8.59 %

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	))
=	97014	-	28129	-	( 3221	-	max(0, 35188	-	27119	+	3221	))
=	76954

	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	))
=	98241	-	30532	-	( 3112	-	max(0, 37837	-	28087	+	3112	))
=	77459

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

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

Angang Steel 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 )
=	-6264	/	( ( (55586 + max(-11727, 0))	+	(55538 + max(-13396, 0)) )	/	2 )
=	-6264	/	( ( 55586	+	55538 )	/	2 )
=	-6264	/	55562
=	-11.27 %

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)
=	(1693	+	16565	+	3873)	-	(28129	+	0	+	5729)
=	-11727

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2479	+	15467	+	5165)	-	(30532	+	0	+	5975)
=	-13396

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-5491	/	23558.805
	=	-23.31 %

Angang Steel Co EBIT Related Terms

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Angang Steel Co (SZSE:000898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (SZSE:000898) » Definitions » EBIT

Traded in Other Exchanges

ANGGF:USA 00347:Hong Kong GNV:Germany

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Executives

Tian Yong	Executives, directors
Zhang Hong Jun	Executives, directors
Meng Jin Song	Executives
Wang Bao Jun	Executives, directors, directors
Wang Yi Dong	Directors, executives
Zhang Xiao Gang	Director
Liu Jie	Executives
Zhang Li Fen	Executives
Su Wen Sheng	Supervisors
Ren Zi Ping	Executives
Chen Ming	Directors, executives
Yang Hua	Director
Ma Lian Yong	Executives
Dan Ming Yi	Supervisors
Liu Bao Shan	Executives

Angang Steel Co (SZSE:000898) Headlines

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