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Fujian Tianma Science and Technology Group Co (SHSE:603668) EBIT : ¥124 Mil (TTM As of Sep. 2024)


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What is Fujian Tianma Science and Technology Group Co EBIT?

Fujian Tianma Science and Technology Group Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥72 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥124 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fujian Tianma Science and Technology Group Co's annualized ROC % for the quarter that ended in Sep. 2024 was 4.61%. Fujian Tianma Science and Technology Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fujian Tianma Science and Technology Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.26%.


Fujian Tianma Science and Technology Group Co EBIT Historical Data

The historical data trend for Fujian Tianma Science and Technology Group 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.

Fujian Tianma Science and Technology Group Co EBIT Chart

Fujian Tianma Science and Technology Group 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 92.03 144.09 158.64 267.95 -31.60

Fujian Tianma Science and Technology Group 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 5.89 -85.89 32.30 105.49 71.88

Competitive Comparison of Fujian Tianma Science and Technology Group Co's EBIT

For the Farm Products subindustry, Fujian Tianma Science and Technology Group 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.


Fujian Tianma Science and Technology Group Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Tianma Science and Technology Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fujian Tianma Science and Technology Group Co's EV-to-EBIT falls into.


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Fujian Tianma Science and Technology Group 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 ¥124 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.


Fujian Tianma Science and Technology Group Co  (SHSE:603668) EBIT Explanation

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

Fujian Tianma Science and Technology Group 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 )
=319.096 * ( 1 - -9.79% )/( (7491.131 + 7696.222)/ 2 )
=350.3354984/7593.6765
=4.61 %

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))
=8775.446 - 1873.277 - ( 398.1 - max(0, 4653.987 - 4065.025+398.1))
=7491.131

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))
=8913.7 - 1853.869 - ( 544.733 - max(0, 4792.747 - 4156.356+544.733))
=7696.222

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

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

Fujian Tianma Science and Technology Group 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 )
=287.524/( ( (4100.383 + max(1619.721, 0)) + (4127.266 + max(1627.648, 0)) )/ 2 )
=287.524/( ( 5720.104 + 5754.914 )/ 2 )
=287.524/5737.509
=5.01 %

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)
=(681.626 + 2827.11 + 107.592) - (1873.277 + 0 + 123.33)
=1619.721

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(614.092 + 2883.391 + 85.871) - (1853.869 + 0 + 101.837)
=1627.648

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:

Fujian Tianma Science and Technology Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=123.767/9830.341
=1.26 %

* 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.


Fujian Tianma Science and Technology Group Co EBIT Related Terms

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Fujian Tianma Science and Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308
Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.
Executives
He Xiu Ming Supervisors
Ceng Li Li Director
Zheng Kun Director
Luo Fu Zhen Supervisors
Lin Jia Xing Director
Shi Hui Hong senior management
Chen Qing Tang Director
Chen Jia Cheng Director
Dai Wen Zeng senior management
Wu Jing Hong Supervisors
Qiu Jin Mou Directors, senior managers
Yao Jian Zhong Supervisors
He Teng Fei senior management
Ye Song Qing senior management
Deng Xiao Hui senior management

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