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Changzhou Ruihua Chemical Eng and Tech Co (BJSE:920099) EBIT : ¥128.5 Mil (TTM As of Sep. 2024)


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What is Changzhou Ruihua Chemical Eng and Tech Co EBIT?

Changzhou Ruihua Chemical Eng and Tech Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥19.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥128.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changzhou Ruihua Chemical Eng and Tech Co's annualized ROC % for the quarter that ended in Sep. 2024 was 9.98%. Changzhou Ruihua Chemical Eng and Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 52.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changzhou Ruihua Chemical Eng and Tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.10%.


Changzhou Ruihua Chemical Eng and Tech Co EBIT Historical Data

The historical data trend for Changzhou Ruihua Chemical Eng and Tech 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.

Changzhou Ruihua Chemical Eng and Tech Co EBIT Chart

Changzhou Ruihua Chemical Eng and Tech Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 78.60 72.74 40.02 88.50 123.25

Changzhou Ruihua Chemical Eng and Tech Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial 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 -15.19 39.65 16.42 52.56 19.92

Competitive Comparison of Changzhou Ruihua Chemical Eng and Tech Co's EBIT

For the Specialty Business Services subindustry, Changzhou Ruihua Chemical Eng and Tech 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.


Changzhou Ruihua Chemical Eng and Tech Co's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Changzhou Ruihua Chemical Eng and Tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changzhou Ruihua Chemical Eng and Tech Co's EV-to-EBIT falls into.


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Changzhou Ruihua Chemical Eng and Tech 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥128.5 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.


Changzhou Ruihua Chemical Eng and Tech Co  (BJSE:920099) EBIT Explanation

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

Changzhou Ruihua Chemical Eng and Tech Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=81.508 * ( 1 - 6.81% )/( (726.765 + 795.617)/ 2 )
=75.9573052/761.191
=9.98 %

where

Invested Capital(Q: Jun. 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))
=1110.65 - 95.771 - ( 375.572 - max(0, 540.544 - 828.658+375.572))
=726.765

Invested Capital(Q: Sep. 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))
=1498.958 - 125.036 - ( 707.427 - max(0, 605.022 - 1183.327+707.427))
=795.617

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

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

Changzhou Ruihua Chemical Eng and Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=79.664/( ( (128.625 + max(-54.639, 0)) + (172.47 + max(-77.408, 0)) )/ 2 )
=79.664/( ( 128.625 + 172.47 )/ 2 )
=79.664/150.5475
=52.92 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.911 + 204.908 + 86.418) - (95.771 + 0 + 358.105)
=-54.639

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(106.863 + 248.33 + 97.312) - (125.036 + 0 + 404.877)
=-77.408

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Changzhou Ruihua Chemical Eng and Tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=128.548/2107.216
=6.10 %

* 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.


Changzhou Ruihua Chemical Eng and Tech Co EBIT Related Terms

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Changzhou Ruihua Chemical Eng and Tech Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Chuangyan Port, 5th Floor, Science and Education City, Wujin District, Jiangsu Province, Changzhou, CHN, 213164
Changzhou Ruihua Chemical Eng and Tech Co Ltd is mainly engaged in engineering and technical services in the petrochemical field. It Provides petrochemical enterprises with a complete set of comprehensive technical solutions based on chemical process package technology.

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