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Guangdong Tianan New Material Co (SHSE:603725) EBIT : ¥227 Mil (TTM As of Sep. 2024)


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What is Guangdong Tianan New Material Co EBIT?

Guangdong Tianan New Material Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥227 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Tianan New Material Co's annualized ROC % for the quarter that ended in Sep. 2024 was 8.30%. Guangdong Tianan New Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 28.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Tianan New Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.22%.


Guangdong Tianan New Material Co EBIT Historical Data

The historical data trend for Guangdong Tianan New Material 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.

Guangdong Tianan New Material Co EBIT Chart

Guangdong Tianan New Material 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 17.06 55.23 -73.53 -180.01 228.90

Guangdong Tianan New Material 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 63.82 77.05 28.49 68.65 52.32

Competitive Comparison of Guangdong Tianan New Material Co's EBIT

For the Chemicals subindustry, Guangdong Tianan New Material 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.


Guangdong Tianan New Material Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Tianan New Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Tianan New Material Co's EV-to-EBIT falls into.


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Guangdong Tianan New Material 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 ¥227 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.


Guangdong Tianan New Material Co  (SHSE:603725) EBIT Explanation

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

Guangdong Tianan New Material 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 )
=200.656 * ( 1 - 12.13% )/( (2153.142 + 2095.084)/ 2 )
=176.3164272/2124.113
=8.30 %

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))
=2797.983 - 701.735 - ( 410.411 - max(0, 1610.68 - 1553.786+410.411))
=2153.142

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))
=2886.636 - 810.016 - ( 374.15 - max(0, 1641.009 - 1622.545+374.15))
=2095.084

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

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

Guangdong Tianan New Material 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 )
=209.292/( ( (621.566 + max(134.81, 0)) + (618.922 + max(81.648, 0)) )/ 2 )
=209.292/( ( 756.376 + 700.57 )/ 2 )
=209.292/728.473
=28.73 %

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)
=(514.609 + 463.705 + 55.903) - (701.735 + 0 + 197.672)
=134.81

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(494.938 + 524.802 + 71.25) - (810.016 + 0 + 199.326)
=81.648

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:

Guangdong Tianan New Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=226.514/2754.275
=8.22 %

* 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.


Guangdong Tianan New Material Co EBIT Related Terms

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Guangdong Tianan New Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Xinyuan 1st Road, Jili Industrial Zone, Nanzhuang Town, Chancheng District, Guangdong, Foshan, CHN, 528061
Guangdong Tianan New Material Co Ltd is a manufacturer of environmentally friendly high-end decorative materials and automotive interior materials in China. Its primary products include home decoration finishes, automotive interior finishes, films and artificial leather products, such as the polyvinyl chloride (PVC), polypropylene (PP) and thermoplastic polyolefin (TPO) and other polymer surface material.
Executives
Chen Xian Wei Director
Li Hua Qiang Supervisors
Shen Yao Liang Director
Song Dai Ying Director
Wu Qi Chao Directors, senior managers
Ceng Yan Hua senior management
Liu Qiao Yun senior management
Qiu Hui Ping Supervisors
Wang Dong Yong Supervisors
Bai Xiu Fen Director
Xu Fang senior management
Hong Xiao Ming Director
Wu Jian Ming senior management
Yuan Wen Hua Supervisors

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