Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) EBIT : ¥175 Mil (TTM As of Dec. 2024)

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What is Ningbo Changhong Polymer Scientific & Technical EBIT?

Ningbo Changhong Polymer Scientific & Technical's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was ¥-3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was ¥175 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ningbo Changhong Polymer Scientific & Technical's annualized ROC % for the quarter that ended in Dec. 2024 was 0.81%. Ningbo Changhong Polymer Scientific & Technical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -0.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ningbo Changhong Polymer Scientific & Technical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1.43%.

Ningbo Changhong Polymer Scientific & Technical EBIT Historical Data

The historical data trend for Ningbo Changhong Polymer Scientific & Technical'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.

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Ningbo Changhong Polymer Scientific & Technical EBIT Chart

Ningbo Changhong Polymer Scientific & Technical Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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363.84

229.00

245.51

162.68

174.93

Ningbo Changhong Polymer Scientific & Technical Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
EBIT	Get a 7-Day Free Trial															4.53	91.80	51.86	34.13	-2.85

Competitive Comparison of Ningbo Changhong Polymer Scientific & Technical's EBIT

For the Specialty Chemicals subindustry, Ningbo Changhong Polymer Scientific & Technical'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.

Ningbo Changhong Polymer Scientific & Technical's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Changhong Polymer Scientific & Technical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ningbo Changhong Polymer Scientific & Technical's EV-to-EBIT falls into.

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Ningbo Changhong Polymer Scientific & Technical 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥175 Mil.

Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) EBIT Explanation

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

Ningbo Changhong Polymer Scientific & Technical's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	119.492 * ( 1 - 63.09% )	/	( (5262.198	+	5600.463)	/ 2 )
=	44.1044972	/	5431.3305
=	0.81 %

where

	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	))
=	5003.546	-	379.748	-	( 445.516	-	max(0, 2212.664	-	1574.264	+	445.516	))
=	5262.198

	Invested Capital		(Q: Dec. 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	))
=	5160.61	-	482.129	-	( 278.627	-	max(0, 2333.649	-	1411.667	+	278.627	))
=	5600.463

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

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

Ningbo Changhong Polymer Scientific & Technical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.416	/	( ( (2983.803 + max(634.946, 0))	+	(3200.273 + max(176.442, 0)) )	/	2 )
=	-11.416	/	( ( 3618.749	+	3376.715 )	/	2 )
=	-11.416	/	3497.732
=	-0.33 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(403.212	+	345.035	+	321.388)	-	(379.748	+	0	+	54.941)
=	634.946

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(422.442	+	231.624	+	163.892)	-	(482.129	+	0	+	159.387)
=	176.442

When net working capital is negative, 0 is used.

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

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

Ningbo Changhong Polymer Scientific & Technical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	174.93	/	12241.439
	=	1.43 %

Ningbo Changhong Polymer Scientific & Technical EBIT Related Terms

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Ningbo Changhong Polymer Scientific & Technical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Changhong Polymer Scientific & Technical Inc (SHSE:605008) » Definitions » EBIT

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Traded in Other Exchanges

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Address

No. 108, Qijiashan Gangkou Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.changhongpolymer.com

Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.

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