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Hangzhou Heshun Technology Co (SZSE:301237) EBIT : ¥14.7 Mil (TTM As of Mar. 2024)


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What is Hangzhou Heshun Technology Co EBIT?

Hangzhou Heshun Technology Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥-0.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥14.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hangzhou Heshun Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was -0.30%. Hangzhou Heshun Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hangzhou Heshun Technology Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.91%.


Hangzhou Heshun Technology Co EBIT Historical Data

The historical data trend for Hangzhou Heshun Technology 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.

Hangzhou Heshun Technology Co EBIT Chart

Hangzhou Heshun Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.68 90.08 146.76 75.50 18.35

Hangzhou Heshun Technology Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.82 14.58 7.47 -6.53 -0.79

Competitive Comparison of Hangzhou Heshun Technology Co's EBIT

For the Specialty Chemicals subindustry, Hangzhou Heshun Technology 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.


Hangzhou Heshun Technology Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangzhou Heshun Technology Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hangzhou Heshun Technology Co's EV-to-EBIT falls into.



Hangzhou Heshun Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥14.7 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.


Hangzhou Heshun Technology Co  (SZSE:301237) EBIT Explanation

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

Hangzhou Heshun Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-5.888 * ( 1 - 43.93% )/( (1060.549 + 1107.053)/ 2 )
=-3.3014016/1083.801
=-0.30 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=1614.514 - 90.796 - ( 463.169 - max(0, 153.21 - 752.642+463.169))
=1060.549

Invested Capital(Q: Mar. 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))
=1658.32 - 101.72 - ( 449.547 - max(0, 185.348 - 764.42+449.547))
=1107.053

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

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

Hangzhou Heshun Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.156/( ( (799.195 + max(163.819, 0)) + (820.656 + max(182.797, 0)) )/ 2 )
=-3.156/( ( 963.014 + 1003.453 )/ 2 )
=-3.156/983.2335
=-0.32 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.317 + 186.054 + 14.333) - (90.796 + 0 + 3.089)
=163.819

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(73.803 + 201.01 + 14.991) - (101.72 + 0 + 5.287)
=182.797

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Hangzhou Heshun Technology Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=14.736/1617.854
=0.91 %

* 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.


Hangzhou Heshun Technology Co EBIT Related Terms

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Hangzhou Heshun Technology Co (SZSE:301237) Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Liangzhan Road, Renhe Street, Room 512, 5th Floor, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107
Hangzhou Heshun Technology Co Ltd is engaged in the research and development, production and sales of differentiated and functional biaxially oriented polyester film.

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