Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) EBIT : ¥361 Mil (TTM As of Mar. 2024)

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What is Anhui Wanwei Updated High-Tech Material Industry Co EBIT?

Anhui Wanwei Updated High-Tech Material Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥361 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anhui Wanwei Updated High-Tech Material Industry Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.00%. Anhui Wanwei Updated High-Tech Material Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anhui Wanwei Updated High-Tech Material Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.16%.

Anhui Wanwei Updated High-Tech Material Industry Co EBIT Historical Data

The historical data trend for Anhui Wanwei Updated High-Tech Material Industry 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.

Anhui Wanwei Updated High-Tech Material Industry Co EBIT Chart

Anhui Wanwei Updated High-Tech Material Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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543.93

802.83

1,250.61

1,587.20

456.11

Anhui Wanwei Updated High-Tech Material Industry Co Quarterly Data
	Jun19	Sep19	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															158.52	264.47	93.86	-60.75	63.41

Competitive Comparison of Anhui Wanwei Updated High-Tech Material Industry Co's EBIT

For the Chemicals subindustry, Anhui Wanwei Updated High-Tech Material Industry 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.

Anhui Wanwei Updated High-Tech Material Industry Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Anhui Wanwei Updated High-Tech Material Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Anhui Wanwei Updated High-Tech Material Industry Co's EV-to-EBIT falls into.

Anhui Wanwei Updated High-Tech Material Industry 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 ¥361 Mil.

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) EBIT Explanation

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

Anhui Wanwei Updated High-Tech Material Industry 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 )
=	155.192 * ( 1 - 15.57% )	/	( (12773.535	+	13358.865)	/ 2 )
=	131.0286056	/	13066.2
=	1.00 %

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	))
=	14092.283	-	1500.113	-	( 1736.368	-	max(0, 4950.118	-	4768.753	+	1736.368	))
=	12773.535

	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	))
=	14284.212	-	1384.75	-	( 1741.556	-	max(0, 5222.54	-	4763.137	+	1741.556	))
=	13358.865

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

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

Anhui Wanwei Updated High-Tech Material Industry 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 )
=	253.628	/	( ( (5880.898 + max(69.642999999999, 0))	+	(6057.585 + max(624.886, 0)) )	/	2 )
=	253.628	/	( ( 5950.541	+	6682.471 )	/	2 )
=	253.628	/	6316.506
=	4.02 %

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)
=	(408.345	+	898.205	+	449.563)	-	(1500.113	+	0	+	186.357)
=	69.642999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(630.608	+	1052.476	+	535.373)	-	(1384.75	+	0	+	208.821)
=	624.886

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:

Anhui Wanwei Updated High-Tech Material Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	360.991	/	11417.382
	=	3.16 %

Anhui Wanwei Updated High-Tech Material Industry Co EBIT Related Terms

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Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Wanwei Updated High-Tech Material Industry Co Ltd (SHSE:600063) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

No. 56 Chao Wei Road, Chaohu, Anhui, CHN, 238002

Website

http://www.wwgf.com.cn

Anhui Wanwei Updated High-Tech Material Industry Co Ltd is a China-based company engaged in the development, production, and sales of polyvinyl alcohol and related products. Its main products include PVA, cement, PVA ultrashort fiber, slices, Vinyl Acetateethylene Emulsion (VAE) emulsion, rubber powder, methyl acetate and vinyl acetate, among others. The company distributes its products within domestic market and to overseas markets.

Executives

Gao Shen Bao	Director
Xu Shou Qing	senior management
Wu Shang Yi	Director
Zhang Zheng He	Director
Gao Shen Bao	Director
Wu Fu Sheng	Director
Wu Lin	Director
Sha Jian Bao	senior management
Li Tai	senior management
Ji Xue Yong	Director
Sheng Wei Lin	Director
Tang Hua Zhang	Director
Xu Ju Sheng	Supervisors
Qian Dao Zhang	Supervisors
Yang Ke Zhong	Director

Anhui Wanwei Updated High-Tech Material Industry Co (SHSE:600063) Headlines

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