Guanwei Recycling (Guanwei Recycling) EBIT : $-1.75 Mil (TTM As of Dec. 2015)

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What is Guanwei Recycling EBIT?

Guanwei Recycling's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2015 was $-1.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $-1.75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guanwei Recycling's annualized ROC % for the quarter that ended in Dec. 2015 was %. Guanwei Recycling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Guanwei Recycling EBIT Historical Data

The historical data trend for Guanwei Recycling'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.

Guanwei Recycling EBIT Chart

Guanwei Recycling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

EBIT

Get a 7-Day Free Trial

17.28

15.98

13.15

-1.05

-1.75

Guanwei Recycling Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15
EBIT	Get a 7-Day Free Trial			17.28	15.98	13.15	-1.05	-1.75

Competitive Comparison of Guanwei Recycling's EBIT

For the Waste Management subindustry, Guanwei Recycling'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.

Guanwei Recycling's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Guanwei Recycling's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guanwei Recycling's EV-to-EBIT falls into.

Guanwei Recycling 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2015 was $-1.75 Mil.

Guanwei Recycling (GREY:GPRC) EBIT Explanation

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

Guanwei Recycling's annualized ROC % for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2014 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	-1.58 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	-1.58	/	0
=	%

where

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is one times the annual (Dec. 2015) data.

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

Guanwei Recycling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2014		Q: Dec. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.751	/	( ( (0 + max(0, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-1.751	/	( ( 0	+	0 )	/	1 )
=	-1.751	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Dec. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2015) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Guanwei Recycling's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2015 )
	=	-1.751	/	0.000
	=	%

Guanwei Recycling EBIT Related Terms

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Guanwei Recycling (Guanwei Recycling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guanwei Recycling Corp (GREY:GPRC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rong Qiao Economic Zone, Fuqing City, Fujian, CHN, 350301

Website

http://www.guanweirecycling.com

Guanwei Recycling Corp is a plastic recycling company. It is primarily engaged in the manufacture and distribution of low-density polyethylene and other recycled plastic products using the imported raw material in the form of plastic waste. The plastic polymers include Polyethylene terephthalate, High-density polyethylene, Polyvinyl chloride, Low-density polyethylene, Polypropylene, and Polystyrene. Geographically, the activities of the group are functioned through China.

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