Decheng Technology AG (FRA:3330) EBIT : €-0.26 Mil (TTM As of Dec. 2023)

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What is Decheng Technology AG EBIT?

Decheng Technology AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €-0.15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Decheng Technology AG's annualized ROC % for the quarter that ended in Dec. 2023 was %. Decheng Technology AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Decheng Technology AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.58%.

Decheng Technology AG EBIT Historical Data

The historical data trend for Decheng Technology AG'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.

Decheng Technology AG EBIT Chart

Decheng Technology AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec23

EBIT

23.86

25.33

0.25

-33.27

-0.26

Decheng Technology AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Mar20	Sep20	Mar21	Sep21	Jun23	Dec23
EBIT	Get a 7-Day Free Trial										-0.25	-0.04	0.04	-0.11	-0.15

Competitive Comparison of Decheng Technology AG's EBIT

For the Specialty Chemicals subindustry, Decheng Technology AG'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.

Decheng Technology AG's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Decheng Technology AG's EV-to-EBIT falls into.

Decheng Technology AG 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.26 Mil.

Decheng Technology AG (FRA:3330) EBIT Explanation

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

Decheng Technology AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.054 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.054	/	0
=	%

where

	Invested Capital		(Q: Jun. 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	))
=	1.056	-	0.241	-	( 1.03	-	max(0, 0.241	-	1.056	+	1.03	))
=	0

	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	))
=	0.913	-	0.177	-	( 0.887	-	max(0, 0.177	-	0.913	+	0.887	))
=	0

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Decheng Technology AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.3	/	( ( (0 + max(-0.216, 0))	+	(0 + max(-0.152, 0)) )	/	2 )
=	-0.3	/	( ( 0	+	0 )	/	2 )
=	-0.3	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.025)	-	(0.241	+	0	+	0)
=	-0.216

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.025)	-	(0.177	+	0	+	0)
=	-0.152

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Decheng Technology AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.257	/	3.907
	=	-6.58 %

Decheng Technology AG EBIT Related Terms

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Decheng Technology AG (FRA:3330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Decheng Technology AG (FRA:3330) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ziegelhauser Landstrasse 3, Heidelberg, DEU, 69120

Website

https://www.decheng-ag.de

Decheng Technology AG is engaged in the research and development, production and marketing of polyurethane resin and related additives in the People's Republic of China. The company's product profile includes Textile Applications, Leather Applications, Magnetic Absorber Material, and others. Its core product is classified into six categories namely Two liquid type polyurethane resin for dry fabrics, Polyurethane produces by the wet winding technology, Polyurethane resin for fiberic coating, Single liquid type polyurethane resin for dry fabrics, Coating additives, and Magnetic absorption polyurethane resin. The Polyurethane resin for fiberic coating generates maximum revenue for the company.

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