New Hope Dairy Co (SZSE:002946) EBIT : ¥734 Mil (TTM As of Sep. 2024)

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What is New Hope Dairy Co EBIT?

New Hope Dairy Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥235 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥734 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Hope Dairy Co's annualized ROC % for the quarter that ended in Sep. 2024 was 10.05%. New Hope Dairy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 30.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Hope Dairy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 4.66%.

New Hope Dairy Co EBIT Historical Data

The historical data trend for New Hope Dairy 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.

New Hope Dairy Co EBIT Chart

New Hope Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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332.62

392.37

364.04

550.18

656.88

New Hope Dairy 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															199.75	93.46	145.14	260.68	234.60

Competitive Comparison of New Hope Dairy Co's EBIT

For the Packaged Foods subindustry, New Hope Dairy 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.

New Hope Dairy Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Dairy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where New Hope Dairy Co's EV-to-EBIT falls into.

New Hope Dairy 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 ¥734 Mil.

New Hope Dairy Co (SZSE:002946) EBIT Explanation

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

New Hope Dairy 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 )
=	1002.764 * ( 1 - 12.07% )	/	( (8789.744	+	8765.484)	/ 2 )
=	881.7303852	/	8777.614
=	10.05 %

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	))
=	9102.468	-	2152.625	-	( 797.689	-	max(0, 4034.819	-	2194.918	+	797.689	))
=	8789.744

	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	))
=	9231.094	-	2175.001	-	( 585.499	-	max(0, 3880.943	-	2171.552	+	585.499	))
=	8765.484

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

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

New Hope Dairy 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 )
=	938.404	/	( ( (3081.674 + max(-1088.475, 0))	+	(3073.167 + max(-931.404, 0)) )	/	2 )
=	938.404	/	( ( 3081.674	+	3073.167 )	/	2 )
=	938.404	/	3077.4205
=	30.49 %

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)
=	(685.741	+	544.643	+	101.309)	-	(2152.625	+	0	+	267.543)
=	-1088.475

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(757.029	+	673.465	+	84.773)	-	(2175.001	+	0	+	271.67)
=	-931.404

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:

New Hope Dairy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	733.888	/	15763.316
	=	4.66 %

New Hope Dairy Co EBIT Related Terms

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New Hope Dairy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Dairy Co Ltd (SZSE:002946) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No.366 Jinshi Road, New Hope Zhongding International, No. 3, 18th Floor, Building 2, Jinjiang District, Sichuan, Chengdu, CHN, 610023

Website

http://www.newhopedairy.cn

New Hope Dairy Co Ltd is a dairy products supplier in China. The company have 12 dairy enterprises in Southwest China, Eastern China and Northern China, including 4 national enterprises of agricultural industrialization and 8 provincial enterprises.

Executives

Lin Yong Yu	Executives
Li Hong Mei	Supervisors
Xi Gang	Director
Zhu Chuan	Directors, executives
Zhang Shuai	Executives

New Hope Dairy Co Headlines

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