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Xiamen Jihong Technology Co (SZSE:002803) EBIT : ¥365 Mil (TTM As of Mar. 2024)


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What is Xiamen Jihong Technology Co EBIT?

Xiamen Jihong Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥365 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xiamen Jihong Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.60%. Xiamen Jihong Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xiamen Jihong Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.84%.


Xiamen Jihong Technology Co EBIT Historical Data

The historical data trend for Xiamen Jihong Technology 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.

Xiamen Jihong Technology Co EBIT Chart

Xiamen Jihong Technology 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 404.31 655.53 248.09 213.95 399.88

Xiamen Jihong Technology 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 87.93 118.08 156.51 37.36 52.86

Competitive Comparison of Xiamen Jihong Technology Co's EBIT

For the Packaging & Containers subindustry, Xiamen Jihong Technology 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.


Xiamen Jihong Technology Co's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Xiamen Jihong Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Xiamen Jihong Technology Co's EV-to-EBIT falls into.



Xiamen Jihong Technology 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 ¥365 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.


Xiamen Jihong Technology Co  (SZSE:002803) EBIT Explanation

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

Xiamen Jihong Technology 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 )
=226.9 * ( 1 - 20.49% )/( (1569.387 + 1834.593)/ 2 )
=180.40819/1701.99
=10.60 %

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))
=3586.576 - 870.458 - ( 1146.731 - max(0, 1017.004 - 2255.702+1146.731))
=1569.387

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))
=3315.334 - 678.882 - ( 801.859 - max(0, 804.269 - 1929.721+801.859))
=1834.593

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

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

Xiamen Jihong Technology 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 )
=211.444/( ( (990.222 + max(171.124, 0)) + (979.685 + max(379.371, 0)) )/ 2 )
=211.444/( ( 1161.346 + 1359.056 )/ 2 )
=211.444/1260.201
=16.78 %

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)
=(480.616 + 456.076 + 123.382) - (870.458 + 0 + 18.492)
=171.124

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(475.386 + 434.898 + 160.06) - (678.882 + 0 + 12.091)
=379.371

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:

Xiamen Jihong Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=364.809/4650.213
=7.84 %

* 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.


Xiamen Jihong Technology Co EBIT Related Terms

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Xiamen Jihong Technology Co (SZSE:002803) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Putou Road, Dongfu Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361027
Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.
Executives
Zhuang Hao Directors, executives
Wang Ya Peng Director
Zhang He Ping Directors, executives
Zhuang Shu Directors, executives
Wang Hai Ying Supervisors

Xiamen Jihong Technology Co (SZSE:002803) Headlines

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