Zhejiangnmei Chemical Industry Co (SHSE:603379) EBIT : ¥513 Mil (TTM As of Mar. 2024)

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What is Zhejiangnmei Chemical Industry Co EBIT?

Zhejiangnmei Chemical Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥154 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥513 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiangnmei Chemical Industry Co's annualized ROC % for the quarter that ended in Mar. 2024 was 18.02%. Zhejiangnmei Chemical Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 41.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zhejiangnmei Chemical Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.45%.

Zhejiangnmei Chemical Industry Co EBIT Historical Data

The historical data trend for Zhejiangnmei Chemical Industry 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.

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Zhejiangnmei Chemical Industry Co EBIT Chart

Zhejiangnmei Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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833.74

294.97

703.65

643.56

375.59

Zhejiangnmei Chemical Industry 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															16.76	154.88	140.71	63.25	153.71

Competitive Comparison of Zhejiangnmei Chemical Industry Co's EBIT

For the Chemicals subindustry, Zhejiangnmei Chemical Industry 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.

Zhejiangnmei Chemical Industry Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiangnmei Chemical Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zhejiangnmei Chemical Industry Co's EV-to-EBIT falls into.

Zhejiangnmei Chemical Industry 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 ¥513 Mil.

Zhejiangnmei Chemical Industry Co (SHSE:603379) EBIT Explanation

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

Zhejiangnmei Chemical Industry 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 )
=	614.84 * ( 1 - 15.81% )	/	( (2756.942	+	2987.621)	/ 2 )
=	517.633796	/	2872.2815
=	18.02 %

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	))
=	6728.955	-	764.329	-	( 3207.684	-	max(0, 820.147	-	4283.018	+	3207.684	))
=	2756.942

	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	))
=	6815.521	-	645.256	-	( 3182.644	-	max(0, 724.434	-	4304.652	+	3182.644	))
=	2987.621

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

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

Zhejiangnmei Chemical Industry 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 )
=	614.84	/	( ( (1342.33 + max(83.902999999999, 0))	+	(1364.265 + max(158.746, 0)) )	/	2 )
=	614.84	/	( ( 1426.233	+	1523.011 )	/	2 )
=	614.84	/	1474.622
=	41.69 %

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)
=	(278.716	+	543.351	+	81.246999999999)	-	(764.329	+	0	+	55.082)
=	83.902999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(352.532	+	465.05	+	64.818)	-	(645.256	+	0	+	78.398)
=	158.746

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:

Zhejiangnmei Chemical Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	512.544	/	20938.200
	=	2.45 %

Zhejiangnmei Chemical Industry Co EBIT Related Terms

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Zhejiangnmei Chemical Industry Co (SHSE:603379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Sanmei Chemical Industry Co Ltd (SHSE:603379) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Hushlindustrial Zone, Qingnian Road, Zhejiang Province, Wuyi County, Jinhua, CHN, 321200

Website

http://www.sanmeichem.com

Zhejiang Sanmei Chemical Industry Co Ltd is specialized in research and development and product production of fluorine chemical products. The products are sold to more than 30 provinces and cities nationwide and more than 100 countries and regions around the world. The company has two series of products, organic fluorine and inorganic fluorine.

Executives

Zhan Lin Xi	Directors, senior managers
Xu Yao Chun	Director
Wu Shao Ming	Director
Shi Fu Qiang	senior management
Hu Fa Xiang	Directors, senior managers
Qian Kang Fu	Supervisors
Hu Qi Xiang	Directors, senior managers

Zhejiangnmei Chemical Industry Co (SHSE:603379) Headlines

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