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Hangzhou First Applied Material Co (SHSE:603806) EBIT : ¥2,126 Mil (TTM As of Dec. 2023)


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What is Hangzhou First Applied Material Co EBIT?

Hangzhou First Applied Material Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ¥488 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ¥2,126 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou First Applied Material Co's annualized ROC % for the quarter that ended in Dec. 2023 was 14.60%. Hangzhou First Applied Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou First Applied Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.33%.


Hangzhou First Applied Material Co EBIT Historical Data

The historical data trend for Hangzhou First Applied 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.

Hangzhou First Applied Material Co EBIT Chart

Hangzhou First Applied 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 1,095.85 1,790.87 2,476.24 1,723.15 2,125.96

Hangzhou First Applied Material Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 19.17 413.80 587.88 636.60 487.68

Competitive Comparison of Hangzhou First Applied Material Co's EBIT

For the Semiconductor Equipment & Materials subindustry, Hangzhou First Applied 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.


Hangzhou First Applied Material Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou First Applied Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou First Applied Material Co's EV-to-EBIT falls into.



Hangzhou First Applied 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,126 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.


Hangzhou First Applied Material Co  (SHSE:603806) EBIT Explanation

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

Hangzhou First Applied Material Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=2495.692 * ( 1 - 11.42% )/( (16085.641 + 14204.97)/ 2 )
=2210.6839736/15145.3055
=14.60 %

where

Invested Capital(Q: Sep. 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))
=21949.943 - 2076.052 - ( 3788.25 - max(0, 4078.661 - 17731.541+3788.25))
=16085.641

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))
=21836.416 - 2290.567 - ( 5340.879 - max(0, 3277.907 - 17336.534+5340.879))
=14204.97

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Hangzhou First Applied Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1950.712/( ( (3470.663 + max(7791.749, 0)) + (3701.255 + max(5885.865, 0)) )/ 2 )
=1950.712/( ( 11262.412 + 9587.12 )/ 2 )
=1950.712/10424.766
=18.71 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4994.535 + 3675.866 + 1277.173) - (2076.052 + 0 + 79.773)
=7791.749

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4813.575 + 3089.888 + 307.233) - (2290.567 + 0 + 34.264)
=5885.865

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Hangzhou First Applied Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=2125.963/49047.554
=4.33 %

* 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.


Hangzhou First Applied Material Co EBIT Related Terms

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Hangzhou First Applied Material Co (SHSE:603806) Business Description

Traded in Other Exchanges
N/A
Address
8 Fusite Street Lin'an, Hangzhou, CHN, 311300
Hangzhou First Applied Material Co Ltd is a China-based company engages in the development, manufacturing and selling EVA solar cell film, polyamide hot-melt adhesive film, and solar battery panel. The company offers encapsulant EVA films, polyolefin films, and back sheet materials for PV modules; dry film photoresists and flexible copper clad laminates; aluminum laminated films; silicone encapsulant for LED; and co-polyamide hot melt web, a double-sided adhesive non-woven fabric used in the bonding of fabric, leather, metal, plastic, microfiber, non-woven fabric, wood, paper, and other materials.

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