Jiangsu Baichuan High-Tech New Materials Co (SZSE:002455) EBIT : ¥-442 Mil (TTM As of Mar. 2024)

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What is Jiangsu Baichuan High-Tech New Materials Co EBIT?

Jiangsu Baichuan High-Tech New Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-442 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Baichuan High-Tech New Materials Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.54%. Jiangsu Baichuan High-Tech New Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Baichuan High-Tech New Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.53%.

Jiangsu Baichuan High-Tech New Materials Co EBIT Historical Data

The historical data trend for Jiangsu Baichuan High-Tech New Materials 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.

Jiangsu Baichuan High-Tech New Materials Co EBIT Chart

Jiangsu Baichuan High-Tech New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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107.15

99.71

311.97

213.34

-521.96

Jiangsu Baichuan High-Tech New Materials 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															-38.51	7.40	14.48	-505.33	41.84

Competitive Comparison of Jiangsu Baichuan High-Tech New Materials Co's EBIT

For the Specialty Chemicals subindustry, Jiangsu Baichuan High-Tech New Materials 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.

Jiangsu Baichuan High-Tech New Materials Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Baichuan High-Tech New Materials Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangsu Baichuan High-Tech New Materials Co's EV-to-EBIT falls into.

Jiangsu Baichuan High-Tech New Materials 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 ¥-442 Mil.

Jiangsu Baichuan High-Tech New Materials Co (SZSE:002455) EBIT Explanation

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

Jiangsu Baichuan High-Tech New Materials 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 )
=	257.044 * ( 1 - -78.47% )	/	( (12535.014	+	13396.754)	/ 2 )
=	458.7464268	/	12965.884
=	3.54 %

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	))
=	11441.149	-	2260.276	-	( 756.744	-	max(0, 5846.381	-	2492.24	+	756.744	))
=	12535.014

	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	))
=	12296.223	-	2287.002	-	( 1391.403	-	max(0, 6676.19	-	3288.657	+	1391.403	))
=	13396.754

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

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

Jiangsu Baichuan High-Tech New Materials 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 )
=	167.372	/	( ( (8106.096 + max(-629.639, 0))	+	(8117.095 + max(-489.068, 0)) )	/	2 )
=	167.372	/	( ( 8106.096	+	8117.095 )	/	2 )
=	167.372	/	8111.5955
=	2.06 %

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)
=	(353.837	+	1228.221	+	85.285)	-	(2260.276	+	0	+	36.706000000001)
=	-629.639

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(391.436	+	1316.265	+	130.337)	-	(2287.002	+	0	+	40.104)
=	-489.068

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:

Jiangsu Baichuan High-Tech New Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-441.612	/	12514.535
	=	-3.53 %

Jiangsu Baichuan High-Tech New Materials Co EBIT Related Terms

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Jiangsu Baichuan High-Tech New Materials Co (SZSE:002455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Baichuan High-Tech New Materials Co Ltd (SZSE:002455) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

55 Jianshe Lu, Yunting Town, Jiangsu Province, Jiangyin, CHN, 214422

Website

http://www.bcchem.com

Jiangsu Baichuan High-Tech New Materials Co Ltd is engaged in hi-tech fine chemical products. It is engaged in research, development, and production of many environment-friendly chemical products, such as acetates, propylene glycol ether and its esters, acid anhydrides, plasticizer, polyatomic alcohols, insulating resins and enamel wire paints. The company's products are widely used in many fields, such as paintings, cementing compounds, pharmaceutical and medical treatment, household appliances, carpentry furniture, finishing and decoration, toys for children, package printing, industrial equipment, and road marking.

Executives

Sun Bai Ya	Executives
Jiang Guo Qiang	Directors, executives
Cao Sheng Ping	Executives
Cao Cai E	Executives
Weng Jun Wei	Supervisors
Chen Hui Min	Directors, executives
Zheng Tie Jiang	Director
Zheng Jiang	Directors, executives
Hui Ning	Director
Cheng Guo Liang	Supervisors
Xu Wei	Supervisors

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