Jiangsu HSC New Energy Materials Co (SHSE:688353) EBIT : ¥-225.2 Mil (TTM As of Sep. 2024)

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What is Jiangsu HSC New Energy Materials Co EBIT?

Jiangsu HSC New Energy Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-73.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-225.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangsu HSC New Energy Materials Co's annualized ROC % for the quarter that ended in Sep. 2024 was -13.22%. Jiangsu HSC New Energy Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -18.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangsu HSC New Energy Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -10.70%.

Jiangsu HSC New Energy Materials Co EBIT Historical Data

The historical data trend for Jiangsu HSC New Energy Materials 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.

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Jiangsu HSC New Energy Materials Co EBIT Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

100.96

97.65

492.81

302.38

-38.09

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															2.88	-60.18	-16.90	-75.11	-73.04

Competitive Comparison of Jiangsu HSC New Energy Materials Co's EBIT

For the Chemicals subindustry, Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Jiangsu HSC New Energy Materials Co's EV-to-EBIT falls into.

Jiangsu HSC New Energy Materials 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 ¥-225.2 Mil.

Jiangsu HSC New Energy Materials Co (SHSE:688353) EBIT Explanation

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

Jiangsu HSC New Energy Materials 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 )
=	-306.324 * ( 1 - 14.73% )	/	( (1967.869	+	1984.726)	/ 2 )
=	-261.2024748	/	1976.2975
=	-13.22 %

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	))
=	4267.789	-	342.086	-	( 1957.834	-	max(0, 356.694	-	2359.322	+	1957.834	))
=	1967.869

	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	))
=	4216.697	-	326.944	-	( 1905.027	-	max(0, 343.211	-	2316.078	+	1905.027	))
=	1984.726

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

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

Jiangsu HSC New Energy Materials 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 )
=	-292.164	/	( ( (1571.963 + max(-84.968, 0))	+	(1555.917 + max(-58.102, 0)) )	/	2 )
=	-292.164	/	( ( 1571.963	+	1555.917 )	/	2 )
=	-292.164	/	1563.94
=	-18.68 %

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)
=	(113.161	+	102.367	+	51.474)	-	(342.086	+	0	+	9.884)
=	-84.968

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(141.528	+	79.238	+	59.566)	-	(326.944	+	0	+	11.49)
=	-58.102

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:

Jiangsu HSC New Energy Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-225.23	/	2104.385
	=	-10.70 %

Jiangsu HSC New Energy Materials Co EBIT Related Terms

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Jiangsu HSC New Energy Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

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