GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Black Cat Carbon Black Co Ltd (SZSE:002068) » Definitions » EBIT

Jiangxi Black Cat Carbon Black Co (SZSE:002068) EBIT : ¥-14 Mil (TTM As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Jiangxi Black Cat Carbon Black Co EBIT?

Jiangxi Black Cat Carbon Black Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiangxi Black Cat Carbon Black Co's annualized ROC % for the quarter that ended in Mar. 2024 was 0.88%. Jiangxi Black Cat Carbon Black Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jiangxi Black Cat Carbon Black Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.16%.


Jiangxi Black Cat Carbon Black Co EBIT Historical Data

The historical data trend for Jiangxi Black Cat Carbon Black 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.

Jiangxi Black Cat Carbon Black Co EBIT Chart

Jiangxi Black Cat Carbon Black 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 -211.73 181.99 579.68 150.21 -125.20

Jiangxi Black Cat Carbon Black 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 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 -82.43 -98.56 -2.76 58.54 29.21

Competitive Comparison of Jiangxi Black Cat Carbon Black Co's EBIT

For the Specialty Chemicals subindustry, Jiangxi Black Cat Carbon Black 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.


Jiangxi Black Cat Carbon Black Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Black Cat Carbon Black Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Jiangxi Black Cat Carbon Black Co's EV-to-EBIT falls into.



Jiangxi Black Cat Carbon Black 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 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.


Jiangxi Black Cat Carbon Black Co  (SZSE:002068) EBIT Explanation

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

Jiangxi Black Cat Carbon Black 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 )
=147.08 * ( 1 - 66.03% )/( (5478.494 + 5853.611)/ 2 )
=49.963076/5666.0525
=0.88 %

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))
=7940.74 - 2154.193 - ( 442.335 - max(0, 3780.22 - 4088.273+442.335))
=5478.494

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))
=8565.625 - 2359.59 - ( 840.799 - max(0, 4335.248 - 4687.672+840.799))
=5853.611

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

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

Jiangxi Black Cat Carbon Black 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 )
=116.848/( ( (3243.573 + max(648.233, 0)) + (3212.234 + max(832.568, 0)) )/ 2 )
=116.848/( ( 3891.806 + 4044.802 )/ 2 )
=116.848/3968.304
=2.94 %

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)
=(1825.155 + 904.392 + 134.34) - (2154.193 + 0 + 61.461)
=648.233

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1916.178 + 1131.237 + 209.957) - (2359.59 + 0 + 65.214)
=832.568

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:

Jiangxi Black Cat Carbon Black Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-13.559/8324.408
=-0.16 %

* 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.


Jiangxi Black Cat Carbon Black Co EBIT Related Terms

Thank you for viewing the detailed overview of Jiangxi Black Cat Carbon Black Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangxi Black Cat Carbon Black Co (SZSE:002068) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang District, Jiangxi Province, Jingdezhen, CHN, 333000
Jiangxi Black Cat Carbon Black Co Ltd is the carbon production enterprise in China. Its black carbon products have been sold to Europe, America and Southeast Asian countries and regions.
Executives
Fang Qiu Bao Supervisors
Feng Jian Hua Supervisors
Zhou Zhi Ning Executives
Mei Jing Executives
Pan Guan Shun Supervisors
Wei Ming Executives
Liu Chao Hui Executives
Xin Shu Lan Directors, executives
Yu Zhong Ming Director
You Qi Executives
Li Yi Secretary Dong
Cai Jing Zhang Director
Cao Hua Supervisors
Zhou Min Jian Directors, executives
Yang Zhi Min Director

Jiangxi Black Cat Carbon Black Co (SZSE:002068) Headlines

No Headlines