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Nanjing Chemical Fibre Co (SHSE:600889) EBIT : ¥-301.6 Mil (TTM As of Sep. 2024)


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What is Nanjing Chemical Fibre Co EBIT?

Nanjing Chemical Fibre Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-108.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-301.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nanjing Chemical Fibre Co's annualized ROC % for the quarter that ended in Sep. 2024 was -17.93%. Nanjing Chemical Fibre Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -36.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nanjing Chemical Fibre Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.78%.


Nanjing Chemical Fibre Co EBIT Historical Data

The historical data trend for Nanjing Chemical Fibre 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.

Nanjing Chemical Fibre Co EBIT Chart

Nanjing Chemical Fibre 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 -132.70 -16.77 -136.72 -183.30 -249.06

Nanjing Chemical Fibre 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 -47.67 -120.49 -33.68 -39.00 -108.39

Competitive Comparison of Nanjing Chemical Fibre Co's EBIT

For the Chemicals subindustry, Nanjing Chemical Fibre 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.


Nanjing Chemical Fibre Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nanjing Chemical Fibre Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nanjing Chemical Fibre Co's EV-to-EBIT falls into.


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Nanjing Chemical Fibre 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 ¥-301.6 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.


Nanjing Chemical Fibre Co  (SHSE:600889) EBIT Explanation

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

Nanjing Chemical Fibre 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 )
=-273.892 * ( 1 - -0% )/( (1503.969 + 1550.87)/ 2 )
=-273.892/1527.4195
=-17.93 %

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))
=1716.072 - 263.899 - ( 74.327 - max(0, 560.926 - 509.13+74.327))
=1503.969

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))
=1746.063 - 332.373 - ( 73.014 - max(0, 656.443 - 519.263+73.014))
=1550.87

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

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

Nanjing Chemical Fibre 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 )
=-433.544/( ( (1166.607 + max(-166.786, 0)) + (1181.434 + max(-294.662, 0)) )/ 2 )
=-433.544/( ( 1166.607 + 1181.434 )/ 2 )
=-433.544/1174.0205
=-36.93 %

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)
=(19.161 + 156.633 + 116.432) - (263.899 + 0 + 195.113)
=-166.786

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.978 + 129.644 + 103.893) - (332.373 + 0 + 223.804)
=-294.662

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:

Nanjing Chemical Fibre Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-301.558/6312.045
=-4.78 %

* 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.


Nanjing Chemical Fibre Co EBIT Related Terms

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Nanjing Chemical Fibre Co Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Yuzhuang Road, Xiongzhou Street, Liuhe District, Jiangsu, Nanjing, CHN, 211511
Nanjing Chemical Fibre Co Ltd is a China-based company mainly engaged in the production and operation of viscose fiber and tap water. The company produces Jinling brand viscose fiber which is sold in China and exported to South Korea, Japan, Vietnam, Europe and the United States. Its water plant is located at Yanziji, Qixia District, Nanjing, and has a water supply capacity of approx. 150,000 tons/day. The company provides tap water service to enterprises in the economic and technological development zone and its surrounding factories and residential quarters.
Executives
Du Guo Xiang senior management
Ding Ming Guo Director
Zhu Jing Zhi Supervisors
Shao Xiang Feng senior management

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