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Jilin Joinature Polymer Co (SHSE:688716) EBIT : ¥66.5 Mil (TTM As of Sep. 2024)


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What is Jilin Joinature Polymer Co EBIT?

Jilin Joinature Polymer Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥13.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥66.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jilin Joinature Polymer Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.35%. Jilin Joinature Polymer Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jilin Joinature Polymer Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.87%.


Jilin Joinature Polymer Co EBIT Historical Data

The historical data trend for Jilin Joinature Polymer 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.

Jilin Joinature Polymer Co EBIT Chart

Jilin Joinature Polymer Co Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 15.13 28.52 57.13 65.46 61.70

Jilin Joinature Polymer Co Quarterly Data
Dec17 Dec18 Jun19 Dec19 Mar20 Jun20 Dec20 Jun21 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 1.53 33.35 -0.15 19.43 13.86

Competitive Comparison of Jilin Joinature Polymer Co's EBIT

For the Chemicals subindustry, Jilin Joinature Polymer 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.


Jilin Joinature Polymer Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jilin Joinature Polymer Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jilin Joinature Polymer Co's EV-to-EBIT falls into.


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Jilin Joinature Polymer 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 ¥66.5 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.


Jilin Joinature Polymer Co  (SHSE:688716) EBIT Explanation

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

Jilin Joinature Polymer 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 )
=41.592 * ( 1 - 10.66% )/( (471.315 + 539.301)/ 2 )
=37.1582928/505.308
=7.35 %

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))
=1231.21 - 21.008 - ( 738.887 - max(0, 45.408 - 989.805+738.887))
=471.315

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))
=1267.567 - 24.369 - ( 703.897 - max(0, 69.771 - 1003.285+703.897))
=539.301

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

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

Jilin Joinature Polymer 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 )
=55.432/( ( (147.548 + max(170.948, 0)) + (159.261 + max(180.207, 0)) )/ 2 )
=55.432/( ( 318.496 + 339.468 )/ 2 )
=55.432/328.982
=16.85 %

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)
=(53.959 + 134.977 + 16.84) - (21.008 + 0 + 13.82)
=170.948

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.283 + 144.978 + 46.765) - (24.369 + 0 + 34.45)
=180.207

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:

Jilin Joinature Polymer Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=66.491/3549.290
=1.87 %

* 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.


Jilin Joinature Polymer Co EBIT Related Terms

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Jilin Joinature Polymer Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1177, Zhongyan Road, Advanced Manufacturing Park, Luyuan Economic Development Zone, Luyuan, Jilin, Changchun, CHN, 130113
Jilin Joinature Polymer Co Ltd is a high-tech enterprise integrating research & development, production and sales of polyetheretherketone (PEEK). The company's main product is PEEK in the form of resin, forming an existing product system of two categories, three grades, and six series with a total of 52 specifications and grades. The company's main products are divided into two categories: pure resin and composite reinforced resin.

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