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Shenzhen Topraysolar Co (SZSE:002218) EBIT : ¥89 Mil (TTM As of Mar. 2024)


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What is Shenzhen Topraysolar Co EBIT?

Shenzhen Topraysolar Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen Topraysolar Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.65%. Shenzhen Topraysolar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen Topraysolar Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.45%.


Shenzhen Topraysolar Co EBIT Historical Data

The historical data trend for Shenzhen Topraysolar 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.

Shenzhen Topraysolar Co EBIT Chart

Shenzhen Topraysolar 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 190.42 335.57 347.35 232.48 97.56

Shenzhen Topraysolar 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 36.28 32.83 61.84 -33.39 28.15

Competitive Comparison of Shenzhen Topraysolar Co's EBIT

For the Solar subindustry, Shenzhen Topraysolar 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.


Shenzhen Topraysolar Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shenzhen Topraysolar Co's EV-to-EBIT distribution charts can be found below:

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



Shenzhen Topraysolar 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 ¥89 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.


Shenzhen Topraysolar Co  (SZSE:002218) EBIT Explanation

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

Shenzhen Topraysolar 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 )
=104 * ( 1 - 65.56% )/( (5439.9 + 5578.939)/ 2 )
=35.8176/5509.4195
=0.65 %

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))
=6656.376 - 513.912 - ( 702.564 - max(0, 949.238 - 2579.453+702.564))
=5439.9

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))
=6816.618 - 466.906 - ( 770.773 - max(0, 877.673 - 2720.734+770.773))
=5578.939

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

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

Shenzhen Topraysolar 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 )
=112.596/( ( (3303.869 + max(1270.324, 0)) + (3323.892 + max(1356.022, 0)) )/ 2 )
=112.596/( ( 4574.193 + 4679.914 )/ 2 )
=112.596/4627.0535
=2.43 %

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)
=(1198.037 + 467.096 + 159.976) - (513.912 + 0 + 40.873)
=1270.324

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1249.928 + 468.627 + 135.619) - (466.906 + 0 + 31.246)
=1356.022

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=89.429/6180.623
=1.45 %

* 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.


Shenzhen Topraysolar Co EBIT Related Terms

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Shenzhen Topraysolar Co (SZSE:002218) Business Description

Traded in Other Exchanges
N/A
Address
Songbai Road, Nangang No.1 Industrial Park, Building 9 & 10, Xili, Nanshan District, Shenzhen, Guangdong, CHN, 518108
Shenzhen Topraysolar Co Ltd is a solar manufacturer based in China. The company's main business operations cover the development, production, and sale of solar battery chips, components, solar application products, solar power system, solar energy absorbers and water heater system. The company has a global presence across Africa, Europe, and North America.
Executives
Chen Chen Director
Yang Guo Qiang Directors, executives
Li Fen Li Director
Chen Wu Kui Directors, executives
Jian Jin Ying Securities Affairs Representative
Ma Xiao Gang Supervisors

Shenzhen Topraysolar Co (SZSE:002218) Headlines

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