NOEC (New Oriental Energy & Chemical) EBIT: $-7.45 Mil (TTM As of Dec. 2010)


What is New Oriental Energy & Chemical EBIT?

New Oriental Energy & Chemical NOEC -99.00% EBIT is $-7.45 Mil as of Dec. 2010.

New Oriental Energy & Chemical's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2010 was $-1.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2010 was $-7.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Oriental Energy & Chemical's annualized ROC % for the quarter that ended in Dec. 2010 was -7.44%. New Oriental Energy & Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -13.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

New Oriental Energy & Chemical  (OTCPK:NOEC) EBIT Explanation

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

New Oriental Energy & Chemical's annualized ROC % for the quarter that ended in Dec. 2010 is calculated as:

ROC % (Q: Dec. 2010 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2010 ) + Invested Capital (Q: Dec. 2010 ))/ count )
=-6.256 * ( 1 - 0% )/( (94.613 + 73.671)/ 2 )
=-6.256/84.142
=-7.44 %

where

Invested Capital(Q: Sep. 2010 )
=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))
=76.088 - 25.694 - ( 0.044 - max(0, 70.332 - 26.113+0.044))
=94.613

Invested Capital(Q: Dec. 2010 )
=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))
=54.315 - 23.888 - ( 0.127 - max(0, 47.278 - 4.034+0.127))
=73.671

Note: The Operating Income data used here is four times the quarterly (Dec. 2010) data.

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

New Oriental Energy & Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2010 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2010  Q: Dec. 2010
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-6.256/( ( (46.062 + max(-1.915, 0)) + (46.243 + max(-23.067, 0)) )/ 2 )
=-6.256/( ( 46.062 + 46.243 )/ 2 )
=-6.256/46.1525
=-13.56 %

where Working Capital is:

Working Capital(Q: Sep. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.222 + 1.748 + 23.863) - (25.694 + 0.472 + 1.582)
=-1.915

Working Capital(Q: Dec. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.077 + 1.512 + 2.079) - (23.888 + 0.49 + 2.357)
=-23.067

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2010) EBIT data.

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

New Oriental Energy & Chemical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2010 )
=-7.448/0.000
= %

* 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.

New Oriental Energy & Chemical EBIT Related Terms

New Oriental Energy & Chemical EBIT Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical EBIT Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
EBIT
-0.07 3.70 6.52 -4.07 -9.99

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 -0.75 -3.89 -1.72 -0.27 -1.56

NOEC vs RTKHQ, LBTD, CVAT: EBIT Comparison

For the Agricultural Inputs subindustry, New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical EV-to-EBIT vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, New Oriental Energy & Chemical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where New Oriental Energy & Chemical's EV-to-EBIT falls into.


New Oriental Energy & Chemical 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.45 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-7.45 Mil mean?
New Oriental Energy & Chemical (NOEC) has a EBIT of $-7.45 Mil as of Dec. 2010. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on New Oriental Energy & Chemical.
Is New Oriental Energy & Chemical's EBIT too high?
New Oriental Energy & Chemical's current EBIT is $-7.45 Mil.
How does New Oriental Energy & Chemical's EBIT compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's EBIT of $-7.45 Mil can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Agriculture company?
A good EBIT depends on the Agriculture industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on New Oriental Energy & Chemical. New Oriental Energy & Chemical's current EBIT is $-7.45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current EBIT of $-7.45 Mil. The current EBIT is $-7.45 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current EBIT is $-7.45 Mil as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.