Tianqi Lithium Industries (SZSE:002466) EBIT : ¥24,614 Mil (TTM As of Mar. 2024)

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What is Tianqi Lithium Industries EBIT?

Tianqi Lithium Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-365 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥24,614 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tianqi Lithium Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 12.74%. Tianqi Lithium Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tianqi Lithium Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 47.24%.

Tianqi Lithium Industries EBIT Historical Data

The historical data trend for Tianqi Lithium Industries'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.

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Tianqi Lithium Industries EBIT Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2,434.79

765.97

5,432.04

40,983.91

36,831.40

Tianqi Lithium Industries 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															11,851.93	11,806.91	8,444.19	4,728.37	-365.39

Competitive Comparison of Tianqi Lithium Industries's EBIT

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's EV-to-EBIT falls into.

Tianqi Lithium Industries 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 ¥24,614 Mil.

Tianqi Lithium Industries (SZSE:002466) EBIT Explanation

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

Tianqi Lithium Industries'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 )
=	4460.208 * ( 1 - -63.75% )	/	( (58133.239	+	56531.541)	/ 2 )
=	7303.5906	/	57332.39
=	12.74 %

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	))
=	73228.464	-	5491.881	-	( 9603.344	-	max(0, 6659.867	-	19629.04	+	9603.344	))
=	58133.239

	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	))
=	69948.472	-	4022.096	-	( 9394.835	-	max(0, 5123.682	-	16636.189	+	9394.835	))
=	56531.541

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

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

Tianqi Lithium Industries'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 )
=	-1461.576	/	( ( (17637.324 + max(4127.787, 0))	+	(18282.359 + max(2219.256, 0)) )	/	2 )
=	-1461.576	/	( ( 21765.111	+	20501.615 )	/	2 )
=	-1461.576	/	21133.363
=	-6.92 %

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)
=	(4316.188	+	3150.5	+	2230.838)	-	(5491.881	+	0	+	77.858)
=	4127.787

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1344.209	+	2993.657	+	2035.978)	-	(4022.096	+	0	+	132.492)
=	2219.256

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:

Tianqi Lithium Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	24614.082	/	52106.048
	=	47.24 %

Tianqi Lithium Industries EBIT Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Executives

Yan Dong	Executives
Guo Wei	Executives
Zou Jun	Directors, executives
Li Bo	Directors, Directors, and Executives
Fu Xu Mei	Securities Affairs Representative
Ge Wei	Executives
Wu Wei	Directors, executives
Jiang Wei Ping	Director
She Shi Fu	Supervisors

Tianqi Lithium Industries (SZSE:002466) Headlines

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