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Kangda New Materials (Group) Co (SZSE:002669) EBIT : ¥-11 Mil (TTM As of Sep. 2024)


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What is Kangda New Materials (Group) Co EBIT?

Kangda New Materials (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-11 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kangda New Materials (Group) Co's annualized ROC % for the quarter that ended in Sep. 2024 was 1.27%. Kangda New Materials (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kangda New Materials (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.21%.


Kangda New Materials (Group) Co EBIT Historical Data

The historical data trend for Kangda New Materials (Group) 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.

Kangda New Materials (Group) Co EBIT Chart

Kangda New Materials (Group) 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 162.36 264.13 18.64 94.20 107.75

Kangda New Materials (Group) 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 21.24 22.80 -3.05 -26.45 -4.04

Competitive Comparison of Kangda New Materials (Group) Co's EBIT

For the Specialty Chemicals subindustry, Kangda New Materials (Group) 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.


Kangda New Materials (Group) Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kangda New Materials (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kangda New Materials (Group) Co's EV-to-EBIT falls into.


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Kangda New Materials (Group) 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 ¥-11 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.


Kangda New Materials (Group) Co  (SZSE:002669) EBIT Explanation

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

Kangda New Materials (Group) 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 )
=61.668 * ( 1 - -12.51% )/( (5404.263 + 5507.469)/ 2 )
=69.3826668/5455.866
=1.27 %

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))
=7192.61 - 1277.182 - ( 610.956 - max(0, 3083.915 - 3595.08+610.956))
=5404.263

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))
=7546.246 - 1625.742 - ( 639.333 - max(0, 3456.216 - 3869.251+639.333))
=5507.469

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

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

Kangda New Materials (Group) 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 )
=-16.164/( ( (2074.506 + max(1265.327, 0)) + (2163.712 + max(1104.83, 0)) )/ 2 )
=-16.164/( ( 3339.833 + 3268.542 )/ 2 )
=-16.164/3304.1875
=-0.49 %

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)
=(1682.25 + 756.644 + 135.733) - (1277.182 + 0 + 32.118)
=1265.327

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1897.315 + 757.586 + 145.843) - (1625.742 + 0 + 70.172)
=1104.83

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:

Kangda New Materials (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-10.737/5126.214
=-0.21 %

* 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.


Kangda New Materials (Group) Co EBIT Related Terms

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Kangda New Materials (Group) Co Business Description

Traded in Other Exchanges
N/A
Address
No.655, Qingda Road, Pudong New Area, Shanghai, CHN, 201201
Kangda New Materials (Group) Co Ltd is mainly engaged in the research, development, production, and sale of adhesive and sealant products. The company provides more than 200 kinds of products, including epoxy adhesive, polyurethane adhesive, acrylate AB adhesive (SGA), cyanoacrylate adhesive, UV curing adhesive, silicon rubber, anaerobic adhesive, butyl hot melt adhesive, industrial repair putty, spray polyurea and others. The products are widely used in the fields of loudspeaker assembling, energy power plants, transportation, anti-corrosion, ports and mines, military equipment, mechanical equipment, electronic appliances, and construction reinforcement.
Executives
Yao Qi Sheng Directors, executives
Lu Wei Executives
Wu Ming Supervisors
Xu Hong Shan Executives
Wen Dong Hua Independent director
Wang Zhi Hua Executives

Kangda New Materials (Group) Co Headlines

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