Nantong Acetic Acid Chemical Co (SHSE:603968) EBIT: ¥-53 Mil (TTM As of Mar. 2026)

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SHSE:603968 Nantong Acetic Acid Chemical Co Ltd SHSE:603968
61 GF Score
Price ¥10.24
GF Value ¥10.31
Valuation Fairly Valued
! 5 Warning Signs
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What is Nantong Acetic Acid Chemical Co EBIT?

Nantong Acetic Acid Chemical Co SHSE:603968 +0.20% 61 EBIT is ¥-53 Mil as of Mar. 2026. GuruFocus rates SHSE:603968 with a GF Score™ of 61/100 and a GF Value™ of ¥10.31 (Fairly Valued). The stock has 5 warning signs investors should review.

Nantong Acetic Acid Chemical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥-14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥-53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nantong Acetic Acid Chemical Co's annualized ROC % for the quarter that ended in Mar. 2026 was 1.82%. Nantong Acetic Acid Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nantong Acetic Acid Chemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.94%.


Nantong Acetic Acid Chemical Co  (SHSE:603968) EBIT Explanation

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

Nantong Acetic Acid Chemical Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=35.732 * ( 1 - 5.02% )/( (1814.294 + 1906.787)/ 2 )
=33.9382536/1860.5405
=1.82 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=3289.82 - 748.65 - ( 1067.241 - max(0, 1292.088 - 2018.964+1067.241))
=1814.294

Invested Capital(Q: Mar. 2026 )
=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))
=3332.012 - 704.519 - ( 961.997 - max(0, 1352.401 - 2073.107+961.997))
=1906.787

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Nantong Acetic Acid Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-56.236/( ( (928.536 + max(-101.576, 0)) + (910.969 + max(110.208, 0)) )/ 2 )
=-56.236/( ( 928.536 + 1021.177 )/ 2 )
=-56.236/974.8565
=-5.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(346.643 + 351.75 + 65.399) - (748.65 + 0 + 116.718)
=-101.576

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(474.127 + 376.884 + 80.878) - (704.519 + 0 + 117.162)
=110.208

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Nantong Acetic Acid Chemical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-52.7/1795.257
=-2.94 %

* 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.


Nantong Acetic Acid Chemical Co EBIT Related Terms


Nantong Acetic Acid Chemical Co EBIT Historical Data

* Premium members only.

The historical data trend for Nantong Acetic Acid Chemical 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.

Nantong Acetic Acid Chemical Co EBIT Chart

Nantong Acetic Acid Chemical Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 210.26 480.24 66.82 -88.46 -40.81

Nantong Acetic Acid Chemical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.16 19.29 -26.29 -31.64 -14.06

SHSE:603968 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Nantong Acetic Acid Chemical 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.


Nantong Acetic Acid Chemical Co EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nantong Acetic Acid Chemical Co's EV-to-EBIT falls into.


SHSE:603968
61GF Score
Nantong Acetic Acid Chemical Co Ltd SHSE:603968
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Nantong Acetic Acid Chemical 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-53 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ¥-53 Mil mean?
Nantong Acetic Acid Chemical Co (SHSE:603968) has a EBIT of ¥-53 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nantong Acetic Acid Chemical Co.
Is Nantong Acetic Acid Chemical Co's EBIT too high?
Nantong Acetic Acid Chemical Co's current EBIT is ¥-53 Mil. Overall, Nantong Acetic Acid Chemical Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nantong Acetic Acid Chemical Co's EBIT compare to LIN and SHW?
Nantong Acetic Acid Chemical Co's EBIT of ¥-53 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nantong Acetic Acid Chemical Co. Nantong Acetic Acid Chemical Co's current EBIT is ¥-53 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nantong Acetic Acid Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co (SHSE:603968) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.31, compared to a current price of ¥10.24 — trading 0.7% below its estimated fair value. The current EBIT is ¥-53 Mil. Nantong Acetic Acid Chemical Co's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Nantong Acetic Acid Chemical Co (SHSE:603968), the current EBIT is ¥-53 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nantong Acetic Acid Chemical Co (SHSE:603968) Overvalued in 2026?

Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co stock appears to be undervalued. The current stock price of ¥10.24 is trading 0.7% below its estimated GF Value™ of ¥10.31. GuruFocus considers Nantong Acetic Acid Chemical Co to be Fairly Valued.

Key valuation signals for SHSE:603968:

  • EBIT: ¥-53 Mil
  • GF Value™: ¥10.31 vs. price of ¥10.24 (0.7% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nantong Acetic Acid Chemical Co Business Description

Address Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
61GF Score

Get the complete analysis for SHSE:603968

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥10.24
Price
¥10.31
GF Value