Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) EBIT : ¥119 Mil (TTM As of Sep. 2024)

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What is Guangdong Tianhe Agricultural Means Of Production Co EBIT?

Guangdong Tianhe Agricultural Means Of Production Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Tianhe Agricultural Means Of Production Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.46%. Guangdong Tianhe Agricultural Means Of Production Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Tianhe Agricultural Means Of Production Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.75%.

Guangdong Tianhe Agricultural Means Of Production Co EBIT Historical Data

The historical data trend for Guangdong Tianhe Agricultural Means Of Production 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.

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Guangdong Tianhe Agricultural Means Of Production Co EBIT Chart

Guangdong Tianhe Agricultural Means Of Production Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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193.98

136.20

235.74

241.19

174.86

Guangdong Tianhe Agricultural Means Of Production 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															10.60	68.76	17.93	34.47	-2.42

Competitive Comparison of Guangdong Tianhe Agricultural Means Of Production Co's EBIT

For the Agricultural Inputs subindustry, Guangdong Tianhe Agricultural Means Of Production 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.

Guangdong Tianhe Agricultural Means Of Production Co's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Guangdong Tianhe Agricultural Means Of Production Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Tianhe Agricultural Means Of Production Co's EV-to-EBIT falls into.

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Guangdong Tianhe Agricultural Means Of Production 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 ¥119 Mil.

Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) EBIT Explanation

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

Guangdong Tianhe Agricultural Means Of Production 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 )
=	46.832 * ( 1 - 54.81% )	/	( (4450.408	+	4800.219)	/ 2 )
=	21.1633808	/	4625.3135
=	0.46 %

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	))
=	7540.869	-	2516.922	-	( 644.073	-	max(0, 5418.197	-	5991.736	+	644.073	))
=	4450.408

	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	))
=	7369.067	-	2029.6	-	( 539.248	-	max(0, 5172.255	-	5735.835	+	539.248	))
=	4800.219

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

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

Guangdong Tianhe Agricultural Means Of Production 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 )
=	-9.696	/	( ( (1086.895 + max(1778.074, 0))	+	(1161.875 + max(2395.043, 0)) )	/	2 )
=	-9.696	/	( ( 2864.969	+	3556.918 )	/	2 )
=	-9.696	/	3210.9435
=	-0.30 %

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)
=	(887.686	+	3051.43	+	1345.886)	-	(2516.922	+	0	+	990.006)
=	1778.074

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(882.415	+	2800.068	+	1476.844)	-	(2029.6	+	0	+	734.684)
=	2395.043

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:

Guangdong Tianhe Agricultural Means Of Production Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	118.739	/	4320.886
	=	2.75 %

Guangdong Tianhe Agricultural Means Of Production Co EBIT Related Terms

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Guangdong Tianhe Agricultural Means Of Production Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Guangdong Tianhe Agricultural Means Of Production Co Ltd (SZSE:002999) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

709 Dongfeng East Road, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510080

Website

https://www.gd-tianhe.com

Guangdong Tianhe Agricultural Means Of Production Co Ltd is engaged in sales of fertilizers, pesticides and other agricultural products and provide professional agricultural technology services. The company mainly sells nitrogen fertilizer and potash fertilizer to wholesale customers and industrial customers.

Executives

Liu Yong Feng	Secretary Dong
Xu Zhi Gang	Executives
Luo Xuan Bin	Executives
Qiu Jun Wei	Executives
Yao Wei Ying	Directors, executives
Liu Yi	Director
Ke Ying Chao	Directors, executives

Guangdong Tianhe Agricultural Means Of Production Co Headlines

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