HMT (Xiamen) New Technical Materials Co (SHSE:603306) EBIT : ¥357 Mil (TTM As of Sep. 2024)

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What is HMT (Xiamen) New Technical Materials Co EBIT?

HMT (Xiamen) New Technical Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥357 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HMT (Xiamen) New Technical Materials Co's annualized ROC % for the quarter that ended in Sep. 2024 was 10.07%. HMT (Xiamen) New Technical Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HMT (Xiamen) New Technical Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.44%.

HMT (Xiamen) New Technical Materials Co EBIT Historical Data

The historical data trend for HMT (Xiamen) New Technical Materials 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.

HMT (Xiamen) New Technical Materials Co EBIT Chart

HMT (Xiamen) New Technical Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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277.82

232.54

201.76

232.04

271.01

HMT (Xiamen) New Technical Materials 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															80.30	105.87	75.93	96.86	78.04

Competitive Comparison of HMT (Xiamen) New Technical Materials Co's EBIT

For the Textile Manufacturing subindustry, HMT (Xiamen) New Technical Materials 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.

HMT (Xiamen) New Technical Materials Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HMT (Xiamen) New Technical Materials Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HMT (Xiamen) New Technical Materials Co's EV-to-EBIT falls into.

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HMT (Xiamen) New Technical Materials 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 ¥357 Mil.

HMT (Xiamen) New Technical Materials Co (SHSE:603306) EBIT Explanation

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

HMT (Xiamen) New Technical Materials 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 )
=	384.536 * ( 1 - 15.58% )	/	( (3216.69	+	3229.212)	/ 2 )
=	324.6252912	/	3222.951
=	10.07 %

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	))
=	4989.699	-	341.093	-	( 1431.916	-	max(0, 344.279	-	2699.01	+	1431.916	))
=	3216.69

	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	))
=	5134.462	-	417.03	-	( 1488.22	-	max(0, 419.673	-	2723.074	+	1488.22	))
=	3229.212

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

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

HMT (Xiamen) New Technical Materials 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 )
=	312.164	/	( ( (931.944 + max(496.945, 0))	+	(1055.741 + max(544.03, 0)) )	/	2 )
=	312.164	/	( ( 1428.889	+	1599.771 )	/	2 )
=	312.164	/	1514.33
=	20.61 %

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)
=	(537.962	+	255.528	+	45.568)	-	(341.093	+	0	+	1.02)
=	496.945

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(556.493	+	266.942	+	138.974)	-	(417.03	+	0	+	1.349)
=	544.03

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:

HMT (Xiamen) New Technical Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	356.695	/	10359.119
	=	3.44 %

HMT (Xiamen) New Technical Materials Co EBIT Related Terms

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HMT (Xiamen) New Technical Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HMT (Xiamen) New Technical Materials Co Ltd (SHSE:603306) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 31 Xingbei Road, Jimei District, Xiamen, CHN, 361022

Website

http://www.hmtnew.com

HMT (Xiamen) New Technical Materials Co Ltd is an enterprise integrating research and development, production and sales of fabrics. Its business covers automotive airbag cloth, automobile airbag bag/OPW, safety belt, mesh cloth, bulletproof cloth, and other industrial fabrics.

Executives

Zhao Zi Yan	Director
Zhang Chu Quan	Director
Cao Yao Feng	senior management
Chen Shao Lin	senior management
Cui Guang San	senior management
Xiao Jian Bo	senior management
Hu Shi Yuan	Director
Jiang Wei Jun	Directors, senior managers
Xie Mei Zai	Supervisors

HMT (Xiamen) New Technical Materials Co Headlines

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