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Guangdong Modern High-Tech Fiber Co (SZSE:300876) EBIT : ¥-13.1 Mil (TTM As of Sep. 2024)


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What is Guangdong Modern High-Tech Fiber Co EBIT?

Guangdong Modern High-Tech Fiber Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥-6.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-13.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangdong Modern High-Tech Fiber Co's annualized ROC % for the quarter that ended in Sep. 2024 was -2.01%. Guangdong Modern High-Tech Fiber Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -2.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangdong Modern High-Tech Fiber Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.39%.


Guangdong Modern High-Tech Fiber Co EBIT Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co EBIT Chart

Guangdong Modern High-Tech Fiber Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 81.01 94.11 80.38 60.48 31.68

Guangdong Modern High-Tech Fiber 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 11.79 5.45 -4.50 -7.14 -6.90

Competitive Comparison of Guangdong Modern High-Tech Fiber Co's EBIT

For the Textile Manufacturing subindustry, Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Modern High-Tech Fiber Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangdong Modern High-Tech Fiber Co's EV-to-EBIT falls into.


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Guangdong Modern High-Tech Fiber 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 ¥-13.1 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.


Guangdong Modern High-Tech Fiber Co  (SZSE:300876) EBIT Explanation

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

Guangdong Modern High-Tech Fiber 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 )
=-32.644 * ( 1 - -0.1% )/( (1627.581 + 1625.769)/ 2 )
=-32.676644/1626.675
=-2.01 %

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))
=1695.683 - 46.66 - ( 150.945 - max(0, 433.396 - 454.838+150.945))
=1627.581

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))
=1703.442 - 52.441 - ( 126.42 - max(0, 451.14 - 476.372+126.42))
=1625.769

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 Modern High-Tech Fiber 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 )
=-27.592/( ( (723.78 + max(232.326, 0)) + (721.484 + max(231.056, 0)) )/ 2 )
=-27.592/( ( 956.106 + 952.54 )/ 2 )
=-27.592/954.323
=-2.89 %

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)
=(136.457 + 84.509 + 68.557) - (46.66 + 0 + 10.537)
=232.326

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.635 + 101.622 + 60.635) - (52.441 + 0 + 12.395)
=231.056

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 Modern High-Tech Fiber Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-13.084/3336.775
=-0.39 %

* 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.


Guangdong Modern High-Tech Fiber Co EBIT Related Terms

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Guangdong Modern High-Tech Fiber Co Business Description

Traded in Other Exchanges
N/A
Address
Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500
Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.
Executives
Zhu Shao Fen Directors, executives
Zheng Xiao Yi Executives

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