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Henan Ancai Hi-tech Co (SHSE:600207) EBIT : ¥-28 Mil (TTM As of Sep. 2024)


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What is Henan Ancai Hi-tech Co EBIT?

Henan Ancai Hi-tech Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Henan Ancai Hi-tech Co's annualized ROC % for the quarter that ended in Sep. 2024 was -6.91%. Henan Ancai Hi-tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -9.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Henan Ancai Hi-tech Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.37%.


Henan Ancai Hi-tech Co EBIT Historical Data

The historical data trend for Henan Ancai Hi-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.

Henan Ancai Hi-tech Co EBIT Chart

Henan Ancai Hi-tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.07 146.26 296.28 214.57 171.93

Henan Ancai Hi-tech Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 53.06 4.45 25.29 41.66 -99.01

Competitive Comparison of Henan Ancai Hi-tech Co's EBIT

For the Conglomerates subindustry, Henan Ancai Hi-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.


Henan Ancai Hi-tech Co's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Henan Ancai Hi-tech Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Henan Ancai Hi-tech Co's EV-to-EBIT falls into.



Henan Ancai Hi-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 ¥-28 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.


Henan Ancai Hi-tech Co  (SHSE:600207) EBIT Explanation

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

Henan Ancai Hi-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 )
=-370.672 * ( 1 - -2.68% )/( (5557.119 + 5462.356)/ 2 )
=-380.6060096/5509.7375
=-6.91 %

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))
=7098.293 - 1133.903 - ( 607.394 - max(0, 2477.92 - 2885.191+607.394))
=5557.119

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))
=6980.484 - 1203.249 - ( 706.975 - max(0, 2402.674 - 2717.553+706.975))
=5462.356

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

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

Henan Ancai Hi-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 )
=-396.052/( ( (3675.593 + max(436.375, 0)) + (3665.168 + max(247.897, 0)) )/ 2 )
=-396.052/( ( 4111.968 + 3913.065 )/ 2 )
=-396.052/4012.5165
=-9.87 %

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)
=(1132.016 + 337.984 + 210.672) - (1133.903 + 0 + 110.394)
=436.375

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(956.093 + 354.677 + 253.186) - (1203.249 + 0 + 112.81)
=247.897

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:

Henan Ancai Hi-tech Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-27.614/7382.286
=-0.37 %

* 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.


Henan Ancai Hi-tech Co EBIT Related Terms

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Henan Ancai Hi-tech Co Business Description

Traded in Other Exchanges
N/A
Address
Zhongzhou Road, South Section, Henan Province, Anyang, CHN, 455000
Henan Ancai Hi-tech Co Ltd is engaged in operating China's manufacturing facility for colored glass. The main production and sales of solar photovoltaic ultra-white rolled glass, high-quality float glass, TCO glass and energy-saving glass. The company is also involved in the pipeline distribution of liquefied natural gas.
Executives
Ma Xue Hai senior management
Cai Zhi Duan Director

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