GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Toka Ink Co Ltd (SHSE:688571) » Definitions » EBIT

Hangzhou Toka Ink Co (SHSE:688571) EBIT : ¥163 Mil (TTM As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Hangzhou Toka Ink Co EBIT?

Hangzhou Toka Ink Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥163 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou Toka Ink Co's annualized ROC % for the quarter that ended in Sep. 2024 was 26.41%. Hangzhou Toka Ink Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 49.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou Toka Ink Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.38%.


Hangzhou Toka Ink Co EBIT Historical Data

The historical data trend for Hangzhou Toka Ink 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 Toka Ink Co EBIT Chart

Hangzhou Toka Ink Co Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.44 124.93 103.50 69.23 140.93

Hangzhou Toka Ink 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 51.53 46.71 29.45 38.28 48.51

Competitive Comparison of Hangzhou Toka Ink Co's EBIT

For the Specialty Chemicals subindustry, Hangzhou Toka Ink 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 Toka Ink Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangzhou Toka Ink Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou Toka Ink Co's EV-to-EBIT falls into.


;
;

Hangzhou Toka Ink 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 ¥163 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 Toka Ink Co  (SHSE:688571) EBIT Explanation

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

Hangzhou Toka Ink 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 )
=182.684 * ( 1 - 13% )/( (596.923 + 606.584)/ 2 )
=158.93508/601.7535
=26.41 %

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))
=1843.139 - 329.982 - ( 916.234 - max(0, 365.703 - 1463.041+916.234))
=596.923

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))
=1959.676 - 383.91 - ( 969.182 - max(0, 421.755 - 1571.365+969.182))
=606.584

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

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

Hangzhou Toka Ink 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 )
=194.044/( ( (277.825 + max(121.511, 0)) + (285.782 + max(99.584, 0)) )/ 2 )
=194.044/( ( 399.336 + 385.366 )/ 2 )
=194.044/392.351
=49.46 %

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)
=(297.274 + 152.844 + 1.8610000000001) - (329.982 + 0 + 0.48599999999993)
=121.511

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.096 + 178.924 + 2.2809999999999) - (383.91 + 0 + 0.80699999999996)
=99.584

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:

Hangzhou Toka Ink Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=162.948/1737.419
=9.38 %

* 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 Toka Ink Co EBIT Related Terms

Thank you for viewing the detailed overview of Hangzhou Toka Ink Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Hangzhou Toka Ink Co Business Description

Traded in Other Exchanges
N/A
Address
No. 2 (South), No. 5 Street, Baiyang Street, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018
Hangzhou Toka Ink Co Ltd is involved in the production and sales of energy-saving and environmentally friendly ink products. It offers various ink product such as Web offset printing ink, Gravure ink, water-based ink, special ink and others.
Executives
Cao Wen Xu Directors, senior managers
Zhang Lei senior management
Gong Zhang Shui Senior management, core technical personnel
He Liang Core technical personnel
He Tie Fei Core technical personnel
Sun Guan Zhang Core technical personnel
Qiu Ke Jia Directors, senior managers
Wang Bin senior management
Liu Xiao Peng Core technical personnel
Shen Jian Bin Senior management, core technical personnel
Lin Ri Sheng Core technical personnel
Xia Jian Yong Core technical personnel
Ma Zhi Qiang Core technical personnel

Hangzhou Toka Ink Co Headlines

No Headlines