Shenzhen Inovance Technology Co (SZSE:300124) EBIT : ¥5,263 Mil (TTM As of Mar. 2024)

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What is Shenzhen Inovance Technology Co EBIT?

Shenzhen Inovance Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥855 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,263 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shenzhen Inovance Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 12.59%. Shenzhen Inovance Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 49.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shenzhen Inovance Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.32%.

Shenzhen Inovance Technology Co EBIT Historical Data

The historical data trend for Shenzhen Inovance 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.

Shenzhen Inovance Technology Co EBIT Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,118.66

2,422.46

3,889.05

4,629.69

5,178.63

Shenzhen Inovance 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															770.67	1,420.40	1,357.74	1,629.82	855.42

Competitive Comparison of Shenzhen Inovance Technology Co's EBIT

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance 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.

Shenzhen Inovance Technology Co's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Shenzhen Inovance 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 ¥5,263 Mil.

Shenzhen Inovance Technology Co (SZSE:300124) EBIT Explanation

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

Shenzhen Inovance 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 )
=	3273.448 * ( 1 - -0.26% )	/	( (25308.556	+	26832.533)	/ 2 )
=	3281.9589648	/	26070.5445
=	12.59 %

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	))
=	48957.564	-	14490.251	-	( 9158.757	-	max(0, 19643.829	-	31247.461	+	9158.757	))
=	25308.556

	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	))
=	50684.227	-	14375.695	-	( 9475.999	-	max(0, 20229.503	-	32762.315	+	9475.999	))
=	26832.533

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 Inovance 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 )
=	3421.664	/	( ( (6822.24 + max(-1762.595, 0))	+	(6946.783 + max(-2314.742, 0)) )	/	2 )
=	3421.664	/	( ( 6822.24	+	6946.783 )	/	2 )
=	3421.664	/	6884.5115
=	49.70 %

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)
=	(8794.87	+	6247.889	+	957.914)	-	(14490.251	+	0	+	3273.017)
=	-1762.595

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7244.889	+	7232.103	+	1187.788)	-	(14375.695	+	0	+	3603.827)
=	-2314.742

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	5263.376	/	158533.055
	=	3.32 %

Shenzhen Inovance Technology Co EBIT Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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