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Solbar Ningbo Protein Technology Co (SHSE:603231) EBIT : ¥148 Mil (TTM As of Sep. 2024)


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What is Solbar Ningbo Protein Technology Co EBIT?

Solbar Ningbo Protein Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥148 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Solbar Ningbo Protein Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.44%. Solbar Ningbo Protein Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Solbar Ningbo Protein Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.91%.


Solbar Ningbo Protein Technology Co EBIT Historical Data

The historical data trend for Solbar Ningbo Protein Technology 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.

Solbar Ningbo Protein Technology Co EBIT Chart

Solbar Ningbo Protein Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
87.86 121.95 144.98 194.50 179.17

Solbar Ningbo Protein Technology Co Quarterly Data
Dec19 Dec20 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 53.86 38.87 45.46 39.11 24.65

Competitive Comparison of Solbar Ningbo Protein Technology Co's EBIT

For the Packaged Foods subindustry, Solbar Ningbo Protein Technology 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.


Solbar Ningbo Protein Technology Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Solbar Ningbo Protein Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Solbar Ningbo Protein Technology Co's EV-to-EBIT falls into.


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Solbar Ningbo Protein Technology 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 ¥148 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.


Solbar Ningbo Protein Technology Co  (SHSE:603231) EBIT Explanation

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

Solbar Ningbo Protein Technology 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 )
=91.176 * ( 1 - 15.27% )/( (1061.667 + 1014.811)/ 2 )
=77.2534248/1038.239
=7.44 %

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))
=2010.781 - 116.752 - ( 832.362 - max(0, 164.767 - 1302.184+832.362))
=1061.667

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))
=2032.149 - 119.375 - ( 897.963 - max(0, 166.232 - 1297.509+897.963))
=1014.811

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

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

Solbar Ningbo Protein Technology 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 )
=98.604/( ( (621.429 + max(289.637, 0)) + (636.24 + max(227.559, 0)) )/ 2 )
=98.604/( ( 911.066 + 863.799 )/ 2 )
=98.604/887.4325
=11.11 %

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)
=(158.04 + 251.725 + 20.597) - (116.752 + 0 + 23.973)
=289.637

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.483 + 203.055 + 18.547) - (119.375 + 0 + 22.151)
=227.559

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:

Solbar Ningbo Protein Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=148.096/2142.224
=6.91 %

* 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.


Solbar Ningbo Protein Technology Co EBIT Related Terms

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Solbar Ningbo Protein Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Xingye Avenue, Ningbo Free Trade Zone, Zhejiang Province, Ningbo, CHN, 315800
Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.

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