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Yangzhou Chenhua New Material Co (SZSE:300610) EBIT : ¥91.5 Mil (TTM As of Sep. 2024)


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What is Yangzhou Chenhua New Material Co EBIT?

Yangzhou Chenhua New Material Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥29.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥91.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yangzhou Chenhua New Material Co's annualized ROC % for the quarter that ended in Sep. 2024 was 14.32%. Yangzhou Chenhua New Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 40.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yangzhou Chenhua New Material Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.68%.


Yangzhou Chenhua New Material Co EBIT Historical Data

The historical data trend for Yangzhou Chenhua New Material 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.

Yangzhou Chenhua New Material Co EBIT Chart

Yangzhou Chenhua New Material 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 103.50 150.15 168.30 128.04 62.46

Yangzhou Chenhua New Material 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 17.47 19.27 24.88 18.34 29.06

Competitive Comparison of Yangzhou Chenhua New Material Co's EBIT

For the Chemicals subindustry, Yangzhou Chenhua New Material 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.


Yangzhou Chenhua New Material Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Yangzhou Chenhua New Material Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yangzhou Chenhua New Material Co's EV-to-EBIT falls into.


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Yangzhou Chenhua New Material 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 ¥91.5 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.


Yangzhou Chenhua New Material Co  (SZSE:300610) EBIT Explanation

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

Yangzhou Chenhua New Material 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 )
=93.708 * ( 1 - 2.38% )/( (630.937 + 647.081)/ 2 )
=91.4777496/639.009
=14.32 %

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))
=1506.064 - 132.506 - ( 742.621 - max(0, 290.953 - 1067.093+742.621))
=630.937

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))
=1535.644 - 158.198 - ( 730.365 - max(0, 320.974 - 1102.515+730.365))
=647.081

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

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

Yangzhou Chenhua New Material 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 )
=116.256/( ( (290.946 + max(-9.8589999999999, 0)) + (282.108 + max(-32.901, 0)) )/ 2 )
=116.256/( ( 290.946 + 282.108 )/ 2 )
=116.256/286.527
=40.57 %

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)
=(65.379 + 108.454 + 41.652) - (132.506 + 0 + 92.838)
=-9.8589999999999

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.93 + 112.088 + 48.796) - (158.198 + 0 + 97.517)
=-32.901

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:

Yangzhou Chenhua New Material Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=91.548/1371.204
=6.68 %

* 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.


Yangzhou Chenhua New Material Co EBIT Related Terms

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Yangzhou Chenhua New Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 231, Zhenzhong Road, Caodian Town, Baoying County, Jiangsu Province, Yangzhou, CHN, 225803
Yangzhou Chenhua New Material Co Ltd researches, develops, produces, and sells fine chemicals. The company's primary products include flame retardant, polyether, polyether amine, silicon oil, alkyl polyglucoside, surfactant, silicon rubber and sealant, water-borne polyurethane resin, and textile auxiliary series of products. Its products are used in the everyday use chemicals, pesticides, medicines, machines, automobiles, wires and cables, architectures, and installations, as well as in the printing and dyeing and textile industries.
Executives
Dong Xiao Hong Executives
Hao Bin Supervisors
Shi Yong Bing Directors, executives
Hao Qiao Ling Directors, executives
Yang Si Xue Directors, executives
Yu Zi Zhou Directors, executives
Bi Ji Hui Director
Wu Da Ming Directors, executives

Yangzhou Chenhua New Material Co Headlines

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