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Zibo Qixiang Tengda Chemical Co (SZSE:002408) EBIT : ¥-64 Mil (TTM As of Mar. 2024)


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What is Zibo Qixiang Tengda Chemical Co EBIT?

Zibo Qixiang Tengda Chemical Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥108 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-64 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zibo Qixiang Tengda Chemical Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.50%. Zibo Qixiang Tengda Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zibo Qixiang Tengda Chemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.29%.


Zibo Qixiang Tengda Chemical Co EBIT Historical Data

The historical data trend for Zibo Qixiang Tengda 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.

Zibo Qixiang Tengda Chemical Co EBIT Chart

Zibo Qixiang Tengda 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 855.92 1,390.76 3,032.63 966.92 -187.35

Zibo Qixiang Tengda 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 -16.01 261.08 245.24 -677.67 107.77

Competitive Comparison of Zibo Qixiang Tengda Chemical Co's EBIT

For the Specialty Chemicals subindustry, Zibo Qixiang Tengda 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.


Zibo Qixiang Tengda Chemical Co's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Zibo Qixiang Tengda 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 ¥-64 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.


Zibo Qixiang Tengda Chemical Co  (SZSE:002408) EBIT Explanation

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

Zibo Qixiang Tengda 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 )
=233.572 * ( 1 - 41.28% )/( (26683.237 + 27848.718)/ 2 )
=137.1534784/27265.9775
=0.50 %

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))
=26780.005 - 3618.719 - ( 3112.377 - max(0, 10961.63 - 7439.679+3112.377))
=26683.237

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))
=26627.091 - 2607.016 - ( 3144.921 - max(0, 11377.5 - 7548.857+3144.921))
=27848.718

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

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

Zibo Qixiang Tengda 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 )
=431.092/( ( (15097.788 + max(-1011.794, 0)) + (14915.474 + max(-204.181, 0)) )/ 2 )
=431.092/( ( 15097.788 + 14915.474 )/ 2 )
=431.092/15006.631
=2.87 %

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)
=(1085.758 + 1763.585 + 492.051) - (3618.719 + 0 + 734.469)
=-1011.794

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1310.521 + 1488.874 + 477.725) - (2607.016 + 0 + 874.285)
=-204.181

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-63.574/22141.283
=-0.29 %

* 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.


Zibo Qixiang Tengda Chemical Co EBIT Related Terms

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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Business Description

Traded in Other Exchanges
N/A
Address
Shandong Province Rubber Factory Road on the 1st, Linzi District, Zibo, CHN, 255438
Zibo Qixiang Tengda Chemical Co Ltd is a China-based company dealing in methyl ethyl ketone, isobutylene, maleic anhydride, disproportioated, butadiene, and carboxyl styrene butadiene latex.
Executives
Che Cheng Ju Directors, executives
Yin Wei Ling Executives
Zhang Jun Secretary Dong
Li Yong Executives
Huang Lei Executives
Zhu Zhen Mao Directors, Directors, and Executives
Fan Jia Yu Director
Bian Li Bin Director
Li Pei Pei Supervisors
Zhuang Jie Supervisors
Zhu Shu Jun Executives
Yang Shu Guang Supervisors
Ma Li Supervisors
Wang Zhu Qing Executives
Bi Ke Dou Director

Zibo Qixiang Tengda Chemical Co (SZSE:002408) Headlines

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