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Huafon Chemical Co (SZSE:002064) EBIT : ¥2,852 Mil (TTM As of Mar. 2024)


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What is Huafon Chemical Co EBIT?

Huafon Chemical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥812 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,852 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Huafon Chemical Co's annualized ROC % for the quarter that ended in Mar. 2024 was 12.87%. Huafon Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Huafon Chemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.96%.


Huafon Chemical Co EBIT Historical Data

The historical data trend for Huafon Chemical 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.

Huafon Chemical Co EBIT Chart

Huafon Chemical 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 2,240.71 2,707.85 9,293.52 3,322.02 2,785.30

Huafon Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 745.03 843.34 674.65 522.28 811.71

Competitive Comparison of Huafon Chemical Co's EBIT

For the Specialty Chemicals subindustry, Huafon Chemical 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.


Huafon Chemical Co's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Huafon Chemical Co's EV-to-EBIT falls into.



Huafon Chemical 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,852 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.


Huafon Chemical Co  (SZSE:002064) EBIT Explanation

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

Huafon Chemical Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=3004.74 * ( 1 - 10.6% )/( (20221.341 + 21526.89)/ 2 )
=2686.23756/20874.1155
=12.87 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=35507.962 - 5117.179 - ( 10169.442 - max(0, 8977.704 - 20052.657+10169.442))
=20221.341

Invested Capital(Q: Mar. 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))
=38329.024 - 5455.189 - ( 11346.945 - max(0, 10801.223 - 22772.651+11346.945))
=21526.89

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

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

Huafon Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3246.852/( ( (12907.063 + max(1746.833, 0)) + (12732.387 + max(2079.477, 0)) )/ 2 )
=3246.852/( ( 14653.896 + 14811.864 )/ 2 )
=3246.852/14732.88
=22.04 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2487.731 + 3621.178 + 879.104) - (5117.179 + 0 + 124.001)
=1746.833

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2849.627 + 4010.907 + 870.896) - (5455.189 + 0 + 196.764)
=2079.477

When net working capital is negative, 0 is used.

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

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

Huafon Chemical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2851.981/31844.279
=8.96 %

* 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.


Huafon Chemical Co EBIT Related Terms

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Huafon Chemical Co (SZSE:002064) Business Description

Traded in Other Exchanges
N/A
Address
Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200
Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.
Executives
Li Yi Lun Secretary, Director
Pan Ji Chu Directors, executives
Yu Zhi Li Executives
Xu Ning Executives
Xi Qing Executives
You Xiao Ping Director
Xu Shu Yuan Executives
Lin Jian Yi Director
Zhuo Rui Mian Supervisors
Chen Lin Zhen Director
You Jin Ming Supervisors
Yang Qing Wen Director
Yang Cong Deng Directors, executives
Duan Wei Dong Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

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