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Hangzhou Robam Appliances Co (SZSE:002508) EBIT : ¥2,001 Mil (TTM As of Mar. 2024)


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What is Hangzhou Robam Appliances Co EBIT?

Hangzhou Robam Appliances Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥466 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,001 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou Robam Appliances Co's annualized ROC % for the quarter that ended in Mar. 2024 was 17.97%. Hangzhou Robam Appliances Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 56.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou Robam Appliances Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.42%.


Hangzhou Robam Appliances Co EBIT Historical Data

The historical data trend for Hangzhou Robam Appliances 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.

Hangzhou Robam Appliances Co EBIT Chart

Hangzhou Robam Appliances 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 1,872.01 1,955.33 1,542.41 1,783.22 1,994.88

Hangzhou Robam Appliances 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 459.65 518.13 641.59 375.51 465.91

Competitive Comparison of Hangzhou Robam Appliances Co's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Hangzhou Robam Appliances 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.


Hangzhou Robam Appliances Co's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hangzhou Robam Appliances Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou Robam Appliances Co's EV-to-EBIT falls into.



Hangzhou Robam Appliances 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 ¥2,001 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.


Hangzhou Robam Appliances Co  (SZSE:002508) EBIT Explanation

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

Hangzhou Robam Appliances 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 )
=1596.284 * ( 1 - 15.15% )/( (7328.763 + 7748.068)/ 2 )
=1354.446974/7538.4155
=17.97 %

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))
=16779.531 - 4735.717 - ( 4715.051 - max(0, 5973.228 - 11586.517+4715.051))
=7328.763

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))
=15689.511 - 3641.995 - ( 4299.448 - max(0, 4489.842 - 11335.248+4299.448))
=7748.068

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

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

Hangzhou Robam Appliances 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 )
=1863.632/( ( (2094.295 + max(248.111, 0)) + (2082.439 + max(2167.981, 0)) )/ 2 )
=1863.632/( ( 2342.406 + 4250.42 )/ 2 )
=1863.632/3296.413
=56.54 %

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)
=(1810.016 + 1524.275 + 2787.522) - (4735.717 + 0 + 1137.985)
=248.111

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1649.352 + 1338.241 + 3578.733) - (3641.995 + 0 + 756.35)
=2167.981

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:

Hangzhou Robam Appliances Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2001.143/19205.719
=10.42 %

* 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.


Hangzhou Robam Appliances Co EBIT Related Terms

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Hangzhou Robam Appliances Co (SZSE:002508) Business Description

Traded in Other Exchanges
N/A
Address
592 Linping Road, Yuhang Economic Development Zone, Zhejiang Province, Yuhang District, Hangzhou, CHN, 311100
Hangzhou Robam Appliances Co Ltd is a China based company developing manufacturing and selling household electrical kitchen appliances in China. Some of its products include hood, stove, utensil, disinfection cabinet, electric oven, dishwasher and among others. The company earns majority of its revenue from sale of electrical kitchen appliances.
Executives
Ren Luo Zhong Director
Zhang Song Nian Supervisors
Zhao Ji Hong Director
Zhang Lin Yong Supervisors
Ren Fu Jia Directors, executives
Shen Guo Liang Director
Tang Gen Quan Supervisors
Ren Jian Hua Director
Zhang Guo Fu Executives
Xia Zhi Ming Executives
Chen Wei Supervisors
Shen Yue Ming Supervisors
Shen Ping Ping Securities Affairs Representative
He Ya Dong Executives
Wang Gang Directors, Directors, and Executives

Hangzhou Robam Appliances Co (SZSE:002508) Headlines

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