Huagong Tech Co (SZSE:000988) EBIT : ¥1,152 Mil (TTM As of Mar. 2024)

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What is Huagong Tech Co EBIT?

Huagong Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥329 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,152 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Huagong Tech Co's annualized ROC % for the quarter that ended in Mar. 2024 was 12.20%. Huagong Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Huagong Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.12%.

Huagong Tech Co EBIT Historical Data

The historical data trend for Huagong Tech 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.

Huagong Tech Co EBIT Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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610.10

657.95

859.56

1,083.51

1,197.72

Huagong Tech 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															374.75	335.23	279.55	208.19	328.82

Competitive Comparison of Huagong Tech Co's EBIT

For the Electrical Equipment & Parts subindustry, Huagong Tech 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.

Huagong Tech Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Huagong Tech Co's EV-to-EBIT distribution charts can be found below:

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

Huagong Tech 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 ¥1,152 Mil.

Huagong Tech Co (SZSE:000988) EBIT Explanation

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

Huagong Tech 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 )
=	1122.776 * ( 1 - 7.35% )	/	( (8223.243	+	8831.673)	/ 2 )
=	1040.251964	/	8527.458
=	12.20 %

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	))
=	17407.674	-	4703.343	-	( 4481.088	-	max(0, 5425.294	-	13040.363	+	4481.088	))
=	8223.243

	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	))
=	17586.479	-	4431.665	-	( 4323.141	-	max(0, 5114.342	-	14147.016	+	4323.141	))
=	8831.673

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

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

Huagong Tech 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 )
=	1315.288	/	( ( (2012.467 + max(1955.063, 0))	+	(2032.723 + max(3495.878, 0)) )	/	2 )
=	1315.288	/	( ( 3967.53	+	5528.601 )	/	2 )
=	1315.288	/	4748.0655
=	27.70 %

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)
=	(3700.039	+	1889.072	+	1588.746)	-	(4703.343	+	0	+	519.451)
=	1955.063

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3664.804	+	2091.215	+	2670.72)	-	(4431.665	+	0	+	499.196)
=	3495.878

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1151.799	/	27954.849
	=	4.12 %

Huagong Tech Co EBIT Related Terms

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Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

Executives

Xiong Wen	Directors, executives
Zhang Qin	Executives
Liu Han Shu	Directors, Directors, and Executives
Ma Xin Qiang	Directors, executives
Chen Sen Hua	Supervisors
An Xin	Securities Affairs Representative
Min Da Yong	Directors, executives
Nie Bo	Executives
Yang Xiao	Executives
Yang Xing Guo	Executives
Deng Jia Ke	Executives
Cai Xue En	Independent director
Zhu Song Qing	Director
Lv Wei Ping	Independent director
Wang Xiao Bei	Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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