Fortune Ng Fung Food (hebei) Co (SHSE:600965) EBIT : ¥74 Mil (TTM As of Dec. 2024)

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What is Fortune Ng Fung Food (hebei) Co EBIT?

Fortune Ng Fung Food (hebei) Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥74 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortune Ng Fung Food (hebei) Co's annualized ROC % for the quarter that ended in Dec. 2024 was 4.94%. Fortune Ng Fung Food (hebei) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 7.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortune Ng Fung Food (hebei) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1.50%.

Fortune Ng Fung Food (hebei) Co EBIT Historical Data

The historical data trend for Fortune Ng Fung Food (hebei) 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.

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Fortune Ng Fung Food (hebei) Co EBIT Chart

Fortune Ng Fung Food (hebei) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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126.97

195.90

127.71

127.43

73.94

Fortune Ng Fung Food (hebei) Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
EBIT	Get a 7-Day Free Trial															-29.56	27.99	12.32	2.97	30.66

Competitive Comparison of Fortune Ng Fung Food (hebei) Co's EBIT

For the Farm Products subindustry, Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's EV-to-EBIT falls into.

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Fortune Ng Fung Food (hebei) 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥74 Mil.

Fortune Ng Fung Food (hebei) Co (SHSE:600965) EBIT Explanation

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

Fortune Ng Fung Food (hebei) Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	117.632 * ( 1 - 4.19% )	/	( (2280.799	+	2279.045)	/ 2 )
=	112.7032192	/	2279.922
=	4.94 %

where

	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	))
=	2611.838	-	230.592	-	( 100.447	-	max(0, 352.533	-	1120.482	+	100.447	))
=	2280.799

	Invested Capital		(Q: Dec. 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	))
=	2601.047	-	225.389	-	( 96.613	-	max(0, 346.452	-	1166.08	+	96.613	))
=	2279.045

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

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

Fortune Ng Fung Food (hebei) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	122.652	/	( ( (986.125 + max(720.758, 0))	+	(950.472 + max(778.692, 0)) )	/	2 )
=	122.652	/	( ( 1706.883	+	1729.164 )	/	2 )
=	122.652	/	1718.0235
=	7.14 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(87.292	+	863.515	+	35.036)	-	(230.592	+	0	+	34.493)
=	720.758

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(82.304	+	928.096	+	28.37)	-	(225.389	+	0	+	34.689)
=	778.692

When net working capital is negative, 0 is used.

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

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

Fortune Ng Fung Food (hebei) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	73.938	/	4913.580
	=	1.50 %

Fortune Ng Fung Food (hebei) Co EBIT Related Terms

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Fortune Ng Fung Food (hebei) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fortune Ng Fung Food (hebei) Co Ltd (SHSE:600965) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201

Website

http://www.fucheng.net

Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.

Executives

Wu Jian

Supervisors

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