Jiangsu Innovative Ecological New Materials (HKSE:02116) EBIT : HK$22.4 Mil (TTM As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Jiangsu Innovative Ecological New Materials EBIT?

Jiangsu Innovative Ecological New Materials's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$9.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$22.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu Innovative Ecological New Materials's annualized ROC % for the quarter that ended in Jun. 2024 was 6.89%. Jiangsu Innovative Ecological New Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 14.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu Innovative Ecological New Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 17.32%.

Jiangsu Innovative Ecological New Materials EBIT Historical Data

The historical data trend for Jiangsu Innovative Ecological New Materials'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 Innovative Ecological New Materials EBIT Chart

Jiangsu Innovative Ecological New Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

38.33

27.59

15.82

29.26

27.57

Jiangsu Innovative Ecological New Materials Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial													11.28	18.52	14.55	13.02	9.35

Competitive Comparison of Jiangsu Innovative Ecological New Materials's EBIT

For the Specialty Chemicals subindustry, Jiangsu Innovative Ecological New Materials'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 Innovative Ecological New Materials's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Jiangsu Innovative Ecological New Materials's EV-to-EBIT falls into.

Save Embed

;

Save Embed

;

Jiangsu Innovative Ecological New Materials 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$22.4 Mil.

Jiangsu Innovative Ecological New Materials (HKSE:02116) EBIT Explanation

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

Jiangsu Innovative Ecological New Materials's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	12.464 * ( 1 - 20.83% )	/	( (148.094	+	138.535)	/ 2 )
=	9.8677488	/	143.3145
=	6.89 %

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	))
=	283.722	-	31.496	-	( 104.132	-	max(0, 33.914	-	237.075	+	104.132	))
=	148.094

	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	))
=	264.651	-	19.652	-	( 106.464	-	max(0, 19.652	-	216.889	+	106.464	))
=	138.535

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Jiangsu Innovative Ecological New Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	18.696	/	( ( (46.646 + max(76.504, 0))	+	(47.762 + max(79.164, 0)) )	/	2 )
=	18.696	/	( ( 123.15	+	126.926 )	/	2 )
=	18.696	/	125.038
=	14.95 %

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)
=	(68.157	+	40.578	+	1.683)	-	(31.496	+	0	+	2.418)
=	76.504

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(59.477	+	38.676	+	0.66300000000001)	-	(19.652	+	0	+	0)
=	79.164

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Jiangsu Innovative Ecological New Materials's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	22.372	/	129.201
	=	17.32 %

Jiangsu Innovative Ecological New Materials EBIT Related Terms

Thank you for viewing the detailed overview of Jiangsu Innovative Ecological New Materials's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Innovative Ecological New Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Innovative Ecological New Materials Ltd (HKSE:02116) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 West Kaixuan Road, Economic Development Zone, Jiangsu, Yixing, CHN

Website

https://www.jscxsh.cn

Jiangsu Innovative Ecological New Materials Ltd manufactures additives. The firm produces refining additives, oil additives, and other products. It offers and generates revenue from oil refining agents and fuel additives with desulfurizing agents, lubricity improvers, and metal passivation. The majority of the firm's revenue is generated from the sales of oil refining agents from Mainland China.

Executives

Ge Xiaojun	2202 Interest of your spouse
Gu Jufang	2201 Interest of corporation controlled by you
Innovative Green Holdings Limited	2101 Beneficial owner

Jiangsu Innovative Ecological New Materials Headlines

No Headlines