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Xi'an Manareco New Materials Co (SHSE:688550) EBIT : ¥253 Mil (TTM As of Sep. 2024)


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What is Xi'an Manareco New Materials Co EBIT?

Xi'an Manareco New Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥104 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥253 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xi'an Manareco New Materials Co's annualized ROC % for the quarter that ended in Sep. 2024 was 18.86%. Xi'an Manareco New Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 24.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Xi'an Manareco New Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.49%.


Xi'an Manareco New Materials Co EBIT Historical Data

The historical data trend for Xi'an Manareco New 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.

* Premium members only.

Xi'an Manareco New Materials Co EBIT Chart

Xi'an Manareco New Materials 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 188.63 215.53 272.00 273.98 148.30

Xi'an Manareco New Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 43.53 39.76 38.36 70.83 103.89

Competitive Comparison of Xi'an Manareco New Materials Co's EBIT

For the Specialty Chemicals subindustry, Xi'an Manareco New 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.


Xi'an Manareco New Materials Co's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Xi'an Manareco New Materials Co's EV-to-EBIT falls into.



Xi'an Manareco New 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 ¥253 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.


Xi'an Manareco New Materials Co  (SHSE:688550) EBIT Explanation

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

Xi'an Manareco New 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 )
=434.492 * ( 1 - 13.23% )/( (2023.724 + 1975.153)/ 2 )
=377.0087084/1999.4385
=18.86 %

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))
=3413.712 - 313.96 - ( 1076.028 - max(0, 492.598 - 1949.172+1076.028))
=2023.724

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))
=3362.56 - 334.629 - ( 1052.778 - max(0, 365.371 - 1889.745+1052.778))
=1975.153

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

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

Xi'an Manareco New 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 )
=415.56/( ( (1242.924 + max(524.305, 0)) + (1242.64 + max(448.144, 0)) )/ 2 )
=415.56/( ( 1767.229 + 1690.784 )/ 2 )
=415.56/1729.0065
=24.03 %

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)
=(318.975 + 459.431 + 68.366) - (313.96 + 0 + 8.507)
=524.305

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(279.447 + 461.442 + 52.579) - (334.629 + 0 + 10.695)
=448.144

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:

Xi'an Manareco New Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=252.839/4609.344
=5.49 %

* 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.


Xi'an Manareco New Materials Co EBIT Related Terms

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Xi'an Manareco New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 71, Jinye 2nd Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077
Xi'an Manareco New Materials Co Ltd is engaged in production and sales of special organic new materials involving in liquid crystal singles, OLED materials and pharmaceutical intermediates, which will be applied to LC mixtures, OLED final materials, and APIs. The company's products include Liquid Crystal Intermediates; OLED; Pharmaceutical Intermediates; and Other Organic Fine Chemicals.
Executives
Hu Zhan senior management
Yuan Jiang Bo senior management
Wang Xiao Wei Directors, senior managers, core technical personn
Hu Zong Xue senior management
Qiao Mu Director
Qian Xiao Bo senior management
He Han Jiang Core technical personnel
Wang Yin Bin senior management
Liu Qian Feng Director
Liu Xiao Chun Director
Zhao Tong Core technical personnel
Lv Hao Ping Director
Zhou Quan senior management
Gao Ren Xiao Director
Li Qi Gui Core technical personnel

Xi'an Manareco New Materials Co Headlines

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