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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) EBIT : ¥60.8 Mil (TTM As of Mar. 2024)


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What is Argus (Shanghai) Textile Chemicals Co EBIT?

Argus (Shanghai) Textile Chemicals Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥30.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥60.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argus (Shanghai) Textile Chemicals Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.62%. Argus (Shanghai) Textile Chemicals Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argus (Shanghai) Textile Chemicals Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.81%.


Argus (Shanghai) Textile Chemicals Co EBIT Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co EBIT Chart

Argus (Shanghai) Textile Chemicals 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 139.59 56.06 78.08 49.79 52.34

Argus (Shanghai) Textile Chemicals Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 22.17 21.18 24.47 -15.49 30.64

Competitive Comparison of Argus (Shanghai) Textile Chemicals Co's EBIT

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.


Argus (Shanghai) Textile Chemicals Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Argus (Shanghai) Textile Chemicals Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's EV-to-EBIT falls into.



Argus (Shanghai) Textile Chemicals 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥60.8 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.


Argus (Shanghai) Textile Chemicals Co  (SHSE:603790) EBIT Explanation

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

Argus (Shanghai) Textile Chemicals Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=116.748 * ( 1 - 12.08% )/( (1333.42 + 1360.307)/ 2 )
=102.6448416/1346.8635
=7.62 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=1738.605 - 247.072 - ( 158.113 - max(0, 414.018 - 869.774+158.113))
=1333.42

Invested Capital(Q: Mar. 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))
=1715.657 - 223.215 - ( 132.135 - max(0, 434.681 - 847.287+132.135))
=1360.307

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

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

Argus (Shanghai) Textile Chemicals Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=122.556/( ( (565.31 + max(360.026, 0)) + (579.268 + max(412.15, 0)) )/ 2 )
=122.556/( ( 925.336 + 991.418 )/ 2 )
=122.556/958.377
=12.79 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(205.461 + 401.094 + 19.846) - (247.072 + 0 + 19.303)
=360.026

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(269.061 + 388.772 + 22.722) - (223.215 + 0 + 45.19)
=412.15

When net working capital is negative, 0 is used.

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

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

Argus (Shanghai) Textile Chemicals Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=60.806/2160.151
=2.81 %

* 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.


Argus (Shanghai) Textile Chemicals Co EBIT Related Terms

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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Traded in Other Exchanges
N/A
Address
No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812
Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.
Executives
Xie Bing Directors, senior managers
Gu Zhe Dong Director
Xu Ya Qin senior management
Cheng Yu Qing senior management
Ceng Jian Ping Director
Hong Bin senior management
Zheng Yi Hua Director

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Headlines

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