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Guangdong Kitech New Material Holding Co (SZSE:300995) EBIT

: ¥10.2 Mil (TTM As of Dec. 2023)
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Guangdong Kitech New Material Holding Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥3.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥10.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Kitech New Material Holding Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.27%. Guangdong Kitech New Material Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Kitech New Material Holding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.80%.


Guangdong Kitech New Material Holding Co EBIT Historical Data

The historical data trend for Guangdong Kitech New Material Holding 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.

Guangdong Kitech New Material Holding Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only 61.92 97.00 36.32 14.46 10.21

Guangdong Kitech New Material Holding Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.23 3.83 1.48 1.89 3.01

Competitive Comparison

For the Chemicals subindustry, Guangdong Kitech New Material Holding 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.


Guangdong Kitech New Material Holding Co EV-to-EBIT Distribution

For the Chemicals industry and Basic Materials sector, Guangdong Kitech New Material Holding Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Kitech New Material Holding Co's EV-to-EBIT falls into.



Guangdong Kitech New Material Holding 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥10.2 Mil.

* 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.


Guangdong Kitech New Material Holding Co  (SZSE:300995) EBIT Explanation

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

Guangdong Kitech New Material Holding Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=17.868 * ( 1 - -11.05% )/( (623.217 + 590.832)/ 2 )
=19.842414/607.0245
=3.27 %

where

Invested Capital(Q: Sep. 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))
=770.965 - 94.244 - ( 53.504 - max(0, 109.506 - 375.221+53.504))
=623.217

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))
=802.474 - 112.427 - ( 99.215 - max(0, 135.015 - 383.327+99.215))
=590.832

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Guangdong Kitech New Material Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12.028/( ( (327.485 + max(213.808, 0)) + (343.274 + max(135.653, 0)) )/ 2 )
=12.028/( ( 541.293 + 478.927 )/ 2 )
=12.028/510.11
=2.36 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.088 + 68.805 + 152.69) - (94.244 + 0 + 4.531)
=213.808

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(88.892 + 70.136 + 101.303) - (112.427 + 0 + 12.251)
=135.653

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Guangdong Kitech New Material Holding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=10.212/1273.264
=0.80 %

* 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.


Guangdong Kitech New Material Holding Co EBIT Related Terms

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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Traded in Other Exchanges
N/A
Address
135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000
Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

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