North Huajin Chemical Industries Co (SZSE:000059) EBIT : ¥375 Mil (TTM As of Mar. 2024)

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What is North Huajin Chemical Industries Co EBIT?

North Huajin Chemical Industries Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-444 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥375 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. North Huajin Chemical Industries Co's annualized ROC % for the quarter that ended in Mar. 2024 was -8.97%. North Huajin Chemical Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -10.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. North Huajin Chemical Industries Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.81%.

North Huajin Chemical Industries Co EBIT Historical Data

The historical data trend for North Huajin Chemical Industries 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.

North Huajin Chemical Industries Co EBIT Chart

North Huajin Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,772.87

887.77

1,565.44

1,166.48

455.79

North Huajin Chemical Industries 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															-363.14	-97.23	391.38	524.77	-444.38

Competitive Comparison of North Huajin Chemical Industries Co's EBIT

For the Chemicals subindustry, North Huajin Chemical Industries 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.

North Huajin Chemical Industries Co's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where North Huajin Chemical Industries Co's EV-to-EBIT falls into.

North Huajin Chemical Industries 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 ¥375 Mil.

North Huajin Chemical Industries Co (SZSE:000059) EBIT Explanation

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

North Huajin Chemical Industries 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 )
=	-1757.608 * ( 1 - 0.01% )	/	( (17761.81	+	21427.505)	/ 2 )
=	-1757.4322392	/	19594.6575
=	-8.97 %

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	))
=	31888.626	-	4697.527	-	( 9429.289	-	max(0, 6812.513	-	19171.403	+	9429.289	))
=	17761.81

	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	))
=	27957.78	-	1391.369	-	( 5138.906	-	max(0, 3089.275	-	15574.461	+	5138.906	))
=	21427.505

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

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

North Huajin Chemical Industries 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 )
=	-1777.532	/	( ( (10533.988 + max(4168.791, 0))	+	(10265.547 + max(8270.786, 0)) )	/	2 )
=	-1777.532	/	( ( 14702.779	+	18536.333 )	/	2 )
=	-1777.532	/	16619.556
=	-10.70 %

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)
=	(170.539	+	5817.304	+	3636.572)	-	(4697.527	+	0	+	758.097)
=	4168.791

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(800.509	+	7339.285	+	2180.482)	-	(1391.369	+	0	+	658.121)
=	8270.786

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:

North Huajin Chemical Industries Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	374.538	/	13325.256
	=	2.81 %

North Huajin Chemical Industries Co EBIT Related Terms

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North Huajin Chemical Industries Co (SZSE:000059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » North Huajin Chemical Industries Co Ltd (SZSE:000059) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Hongqi Street, Shuangtaizi District, Liaoning, Panjin, CHN, 124021

Website

http://www.huajinchem.com

North Huajin Chemical Industries Co Ltd is a China-based company engages in the manufacture and sale of petrochemical products and chemical fertilizers. Its products include synthetic resins; organic chemical raw materials; refined oils; and plastic products. Its other products include crude oil, diesel oil, polyolefin products and aromatic products. The company distributes its products mainly in the domestic market.

Executives

Dong Cheng Gong	Director
Jin Xiao Chen	Executives
Liu Yong Ze	Director

North Huajin Chemical Industries Co (SZSE:000059) Headlines

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